Has hit it's stride. Expanding technology and products to new markets. Has it own fab, low cost of operations and conservative accounting. Founder still runs company and there is a large family holding.

Is the leader in its field and has a commanding market position. High barrier to competition. Strong backlog and record oder flow. Future growth will be driven by increased need for refining capacity and overhaul/upgrade of aging refineries. Expanding plant capacity in 2007.

Undervalued firm is currently ignored by market despite pending spin-off of KBR in2007.

Best of breed in Oil Field Services. Strong technology, worlwide presence and customer relationships cannot be matched by any competitor. Integrated oils and E&P will continue to spend even at $40/barrel.

Excellent management team has totally revamped systems with focus on productivity and tools too improve its buying execution. Holds commanding position retail sweet spot. Has great metrics. Barring a recesion in 2007, JWN should able to capitalize further on ramped-up new store openings beginning in 2008.