From Barron's 6-18-07: "One of our largest holdings is a company called Fuel Tech (ticker: FTEK). It is a company that is in the coal-cleaning and energy-efficiency business. Fuel Tech has a company called Fuel Chem that optimizes the burning of the coal in the stack, so they don't have something that is called slag buildup on their burners. That would ultimately force a shutdown for cleaning, which is both very expensive and time consuming. It is a company with a run rate of about $100 million, but it has at least a $1 billion opportunity in New York, to say nothing of what it will be able to do in China."

From Barron's 6-18-07: "When we first bought Whole Foods Market (WFMI), [a top holding] the market cap was under $100 million; today it is $5 billion. It has graduated from a micro-cap to a small-cap to a mid-cap, so that's a good story. Now that we are in the small-cap category, we are sticking to the space because if we were to drift out of it into the mid-cap category, we would lose our Morningstar rating and, frankly, we don't want to do that."

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