Excellent CEO has transformed the business. Cheap on cashflow. Allocate capital and manage the balance sheet as well as any industrial company.

In the last 2 years, increased cashflow, market share and operating margins. Paid down debt. Acquired Symbol. There's more to come and the stock's cheap.

Product innovation has driven consumers back to this leading global brand as evidenced by comp store #s. Still trades at a discount to market multiple.

Early stages of turnaround. Small changes in operating margins have huge impact on earnings. LCD TV is bright spot. PS3 will drive cashflow in 2007-2009. Battery problem is temporary.

Mark Hurd was an outstanding leader at NCR and is doing more of the same at HP. Increasing market share and margins. The Board room soap opera will pass.

Pipeline is much stronger than anticipated. Legal liability on Vioxx is manageable.

Best in class management team has turned around the company post-bankruptcy. Excellent backlog in manufacturing through 2008. Stock has had a big run, but should continue as excess cashflow is invested in inter-modal transportation.

Micro cap. Very cheap on book value and earnings. Services business will drive growth in earnings and multiple expansion.