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>>I'm wondering what numbers you're looking at.<<

Trailing 12 months. I realize this is a short-term history, but my concern is with the fact that it reflects the commencement of an unfavorable trend. That is why I stressed "direction". I was looking to spark some debate over this since yesterday from two different media sources it was discussed. TROW and Franklin (I believe)were specifically mentioned being that not many are public. They also discussed the poor performance of Gabelli's recent IPO. The stock yesterday traded below it's IPOP. My facts may not be entirely accurate since I'm going off of memory, but I feel the spirit of what I'm saying is worth giving the situation a look at.
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