"The mobile operations market in Japan is becoming increasingly competitive, due to such factors as price competition and market entry by new businesses. The company has taken these market conditions into account in setting guidance for the fiscal year ending March 2009. Currently, it expects net income of Yen 495 billion on operating revenue of Yen 4,597 billion. Although even the best stocks can fall in an overall down market, we feel that this stock has good upside potential in almost any other market environment. In addition, we feel that its strength outweigh the fact that it currently shows weak operating cash flow."

"Management stated that the company was able to deliver strong financial results despite world financial uncertainty in the third quarter. The company plans to continue with plans for disciplined capital investments in the future, staying consistent with previous guidance of about $25 billion for full year capital and exploration expenditures. Fourth quarter earnings are expected to be reduced due to damage repairs and lower volumes across all business lines as a result of Hurricane Gustav and Ike, although the majority of the company's operations are now back on-line or are in the final stages of start-up. It is important to remember that the company's performance largely depends on the movement of crude oil and natural gas prices, and any adverse pricing changes could therefore negatively impact future results."

"Management stated that Kroger has a strong balance sheet, which has been a competitive advantage for the company in recent years. Its financial strength is expected to continue to be advantageous in the current economic climate. Based on its third-quarter results and the expectation of cautious consumer spending during the holiday season, Kroger raised its fiscal 2008 EPS guidance to $1.88 to $1.91 per diluted share, which would be the equivalent of 11% to 13% growth over fiscal 2007. Looking ahead to fiscal 2009, the company expects same-store sales growth of 3% to 5%, excluding fuel, which should help the company create a favorable return for shareholders despite the challenging economic times."

"Given the current economic climate, Chevron announced that disciplined capital spending and tight control over costs would be extremely important to its financial success in the future. Although the company currently shows low profit margins and a weak quick ratio of 0.9 could cause future short-term cash flow problems, we feel that the strengths detailed above outweigh any potential weakness at this time."

"Management stated that it remains optimistic for the future of the company, despite the significant challenges created by the U.S. and global economies. The company is confident that its long-term financial prospects are good. Bear in mind, however, that the Road and Rail industry is particularly sensitive to the overall health of the economy."