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Sterling may have been helped by hopes that the UK economy will recover quickly from recession but I suspect the bigger factor may be that the pound (like oil) was oversold at the end of 2008.
They reckon the shares have been massively oversold at Friday's close of 374p and point out that dividend yield is 6.4percentnt and the company has excess capital of about $1.5bn.
The puzzled Callas supposedly asked later, "How can I possibly sing a role that begins with the words 'too many sauces?' " If not apocryphal, Callas's demurral must have been the first sour rejection of a work oversold at its premiere and unfairly pilloried by posterity.
Under the circumstances, Pepco looks oversold at 11 times estimated 2002 profits.
The autos and auto parts sector is currently oversold at 30% bullish, which they say indicates a low-risk buying opportunity.
"Genomics has been oversold, at least in terms of what it can do in the coming ten years," says Jean-Michel Claverie, head of the Structural & Genetic Information Laboratory in Marseilles, France.
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Recycling "is good civic behavior," said Samantha MacBride, an assistant professor of public affairs at Baruch College, City University of New York, but it's oversold as a panacea to a whole host of environmental ills, from overflowing landfills to global warming.
"We maintain that Flextronics is oversold, trading at a 27% discount to the group and competitors, like Sanmina-SCI, which have a riskier outlook," he said.
The dinner, in the grand ballroom of the Waldorf-Astoria, was oversold, with attendees at the affair drawn by the prospect of seeing, presumably, the next president of the United States.
"It's one of those things that will be oversold and underutilized at the same time," observes Jeffrey Baskies, an estate lawyer in Boca Raton, Fla.
The method is strictly determined by where they live; by relevant waiting lists and lotteries; by what time they arrive at the frequently oversold permit-only parking areas; and by the extent of the rush hour traffic chaos at the station.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com