No. Ticker Company Name Industry RemarksCurrentPriceDCF*GrahamValue

ABT

Abbott LaboratoriesAbbott Laboratories is engaged in the discovery, development, manufacture, and sale of arange of health care products. It operates through four business segments: PharmaceuticalProducts, Nutritional Products, Diagnostic Products, and Vascular Products. The PharmaceuticalProducts segment

s products include a line of adult and pediatric pharmaceuticals

manufactured, marketed and sold worldwide. The Diagnostic Products segment

s products

include diagnostic systems and tests manufactured, marketed and sold worldwide to bloodbanks, hospitals, commercial laboratories. The Nutritional Products segment

s products includ

a line of pediatric and adult nutritional products manufactured, marketed, and sold worldwide.cash cow, increased profits and cash in 2008, greatCROIC, FCF and ROE$43.20$59.59$63.812

Coca-Cola CoThe Coca-Cola Company is a manufacturer, distributor and marketer of nonalcoholic beverageconcentrates and syrups in the world. Finished beverage products bearing its trademarks aresold in more than 200 countries. The Company markets nonalcoholic sparkling brands, whichinclude Diet Coke, Fanta and Sprite. The Company manufactures beverage concentrates andsyrups, which it sells to bottling and canning operations, fountain wholesalers and somefountain retailers, as well as finished beverages, which it sells primarily to distributors. TheCompany owns or licenses approximately 500 brands, including diet and light beverages,waters, enhanced waters, juices and juice drinks, teas, coffees, and enery and sports drinks.excellent cash flow, margins, CROIC, strong andconsistent all round$46.07$39.57$51.263

Colgate-Palmolive CoColgate-Palmolive Company (Colgate) is a consumer products company whose products aremarketed in over 200 countries and territories globally. The Company operates its businessthrough two product segments: oral, personal and home care, and pet nutrition. Colgate

s Ora

Care products include Colgate Total and Colgate Max Fresh toothpastes, Colgate 360

manual

toothbrushes and Colgate and Colgate Plax oral rinses. Colgate

s Oral Care business also

includes dental floss and pharmaceutical products for dentists and other oral healthprofessionals. Colgate

s personal care products include Palmolive and Softsoap brand shower

gels, Palmolive, Irish Spring and Protex bar soaps and Speed Stick and Lady Speed Stickgood FCF, CROIC, huge ROE, negative tangibleequity$64.48$45.00$83.534

GIS

General Mills IncGeneral Mills, Inc. (General Mills) is a manufacturer and marketer of branded consumer foodssold through retail stores. The Company is a supplier of branded and unbranded food productsto the foodservice and commercial baking industries. General Mills manufactures its productsin 16 countries and market them in more than 100 countries. Its joint ventures manufactureand market products in more than 130 countries and republics worldwide. The Company

major product categories in the United States are ready-to-eat cereals, refrigerated yogurt,ready-to-serve soup, dry dinners, shelf stable and frozen vegetables, refrigerated and frozendouh products, dessert and bakin mixes, frozen pizza and pizza snacks, rain, fruit and savoryhad a very tough 2008, big drop in FCF, decliningmargins$52.68$52.83$65.235

ITW

Illinois Tool Works IncIllinois Tool Works Inc. (ITW) is a multinational manufacturer of a range of industrial productsand equipment. The Company has approximately 875 operations in 54 countries, which areaggregated and organized into seven segments: Industrial Packaging, Power Systems &Electronics, Transportation, Construction Products, Food Equipment, Polymers & Fluids, and AllOther. In September 2008, ITW announced that it had acquired Avery Weigh-Tronix, amanufacturer of industrial weighing products and systems. In July 2008, the Company acquiredthe assets of TRYMER polyisocyanurate (PIR) rigid foam business. In June 2008, Illinois ToolWorks, Inc. announced that it completed the acquisition of Quipp, Inc. In March 2008, theincrease in debt, fairly flat sales past 2 years, grossmargin is steady by net and operating margindeclining, big drops in tangible equity$33.68$62.03$81.736

JNJ

Johnson & JohnsonJohnson & Johnson is engaged in the research and development, manufacture and sale of arange of products in the healthcare field. Johnson & Johnson has more than 250 operatingcompanies. The Company operates in three segments: Consumer, Pharmaceutical, and MedicalDevices and Diagnostics. The Consumer segment includes a range of products used in the babycare, skin care, oral care, wound care and women

s healthcare fields, as well as nutritional and

over-the-counter pharmaceutical products. The Pharmaceutical segment includes products inthe therapeutic areas, such as anti-infective, antipsychotic, cardiovascular, contraceptive,dermatology, gastrointestinal, hematology, immunology, neurology, oncology, painincrease in debt-equity, good margins, good FCF$56.05$66.92$100.007

Procter & Gamble CoThe Procter & Gamble Company is focused on providing branded consumer goods. TheCompany

s products are sold in over 180 countries around the world primarily through mass

merchandisers, grocery stores, membership club stores, drug stores and in high-frequencystores, the neighborhood stores, which serve consumers in developing markets. During thefiscal year ended June 30, 2008 (fiscal 2008), one product category accounted for 10% or moreof consolidated net sales. The laundry category constituted approximately 16% of net salesduring fiscal 2008. In fiscal 2008, the Company was organized into three Global Business Units:Beauty; Health and Well-Bein, and Household Care. The Company had six business sementsgood FCF, steady margins, super CROIC, decreasedebt, outstanding$52.52$65.17$103.008

USB

US BancorpU.S. Bancorp operates as a financial holding company and a bank holding company. U.S.Bancorp provides a range of financial services, including lending and depository services, cashmanagement, foreign exchange, and trust and investment management services. It alsoengages in credit card services, merchant and Automated Teller Machine (ATM) processing,mortgage banking, insurance, brokerage and leasing. U.S. Bancorp

s banking subsidiaries are

engaged in the general banking business, principally in domestic markets. The subsidiariesprovide a range of products and services to individuals, businesses, institutional organizations,overnmental entities and other financial institutions. The Company operates in five sements:Outside circle of competence$19.35NANA9

ACN

Accenture LtdAccenture Limited (Accenture) is a management consulting, technology services andoutsourcing organization. The Company

s business is structured around five operating groups,

which together comprise 17 industry groups serving clients. The operating groups of theCompany are Communications & High Tech, Financial Services, Products, Public Service andResources.great FCF, CROIC, margins, returns$30.09$35.00$61.0910

Chubb CorpThe Chubb Corporation (Chubb) is a holding company for a family of property and casualtyinsurance companies known as the Chubb Group of Insurance Companies (the P&C Group). TheP&C Group is divided into three business units: Chubb Commercial Insurance, Chubb SpecialtyInsurance and Chubb Personal Insurance. Chubb Commercial Insurance offers a range of commercial insurance products, including coverage for multiple peril, casualty, workers

compensation, and property and marine. Chubb Specialty Insurance offers a variety of specialized professional liability products for privately and publicly owned companies, financialinstitutions, professional firms and healthcare oranizations. Chubb Specialty Insurance alsoOutside circle of competence$40.37NANA

Fortune 40 Best Stock to Retire On

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CSCO

Cisco Systems IncCisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking andother products related to the communications and information technology (IT) industry, andprovides services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and aroundthe world. Its products are designed to transform how people connect, communicate andcollaborate. Cisco Systems, Inc.

s products, which include primarily routers, switches, and

products that the Company refers to as its technologies, are installed at enterprises, publicinstitutions, telecommunications companies, commercial businesses and personal residences.Super numbers all round$18.72$30.13$37.2112

MCK

McKesson CorpMcKesson Corporation (McKesson) provides supply, information and care managementproducts and services across the healthcare industry. The Company operates through twosegments: The McKesson Distribution Solutions segment and The McKesson TechnologySolutions segment. The McKesson Distribution Solutions segment distributes ethical drugs,medical-surgical supplies and equipment, and health and beauty care products throughoutNorth America. This segment also provides specialty pharmaceutical solutions for biotech andpharmaceutical manufacturers, sells pharmacy software and provides consulting, outsourcingand other services. The McKesson Technology Solutions segment delivers enterprise-wideIncrease in debt-equity, low margins, average FCFand CROIC$39.30$24.00$68.5813

MMM

3M Co3M Company (3M) is a diversified technology company with global presence in industrial andtransportation; health care; safety, security and protection services; consumer and office;display and graphics, and electro and communications. The Company is a primary manufacturerof products for many of the markets it serves. 3M operates in six operating business segments:industrial and transportation; health care; safety, security and protection services; consumerand office; display and graphics, and electro and communications. The Company

s products ar

sold through numerous distribution channels, including directly to users and through numerouswholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countriesdeclining margins, increase in debt-equity, poorFCF growth$59.23$74.17$100.0014

MSFT

Microsoft CorpMicrosoft Corporation develops, manufactures, licenses and supports a range of softwareproducts for computing devices. The Company's software products include operating systemsfor servers, personal computers and intelligent devices, server applications for distributedcomputing environments, information worker productivity applications, business solutionapplications, high-performance computing applications and software development tools andvideo games. It provides consulting and product support services, and trains and certifiescomputer system integrators and developers. Microsoft Corporation sells the Xbox 360 videogame console and games, the Zune digital music and entertainment device, PC games, andgood margins, good profits$20.60$32.17$43.5015

Parker Hannifin CorpParker-Hannifin Corporation is a full-line diversified manufacturer of motion and controltechnologies and systems, including fluid power systems, electromechanical controls andrelated components. In addition to motion control products, the Company also produces fluidpurification, fluid and fuel control, process instrumentation, air conditioning, refrigeration,electromagnetic shielding and thermal management products and systems. The Company

manufacturing, service, distribution and administrative facilities are located in 40 states and in47 foreign countries. Its motion control technology is used in the products of its three principalbusiness sements: Industrial, Aerospace, and Climate & Industrial Controls. In November 2008,good FCF growth, CROIC, increasing margin trends$45.57$69.80$102.9116

WAG

Walgreen CoWalgreen Company (Walgreens) is principally a retail drugstore chain that sells prescription andnon-prescription drugs, and general merchandise. General merchandise includes, among otherthings, beauty care, personal care, household items, candy, photofinishing, greeting cards,convenience foods and seasonal items. Customers can have prescriptions filled at the drugstorecounter, as well as through the mail, by telephone and via the Internet. As of August 31, 2008,Walgreens operated 6,934 locations in 49 states, the District of Columbia, Guam and PuertoRico. Total locations do not include 217 convenient care clinics operated by Take Care HealthSystems, Inc. (formerly known as I-Trax, Inc.), a subsidiary of the Company. Durin the fiscalbelow average FCF growth in FCF but margins arerock solid$30.70$24.42$52.7417

AIT

Applied IndustrialTechnologies IncApplied Industrial Technologies, Inc. (Applied) is a North American distributor of bearings,power transmission components, fluid power components and systems, industrial rubberproducts, linear components, tools, safety products, general maintenance products and avariety of mill supply products. Fluid power products include hydraulic, pneumatic, lubricationand filtration components and systems. The Company operates through two segments, servicecenter-based distribution and fluid power businesses. The service center-based distributionsegment provides customers with a range of industrial products through a network of servicecenters stretching across North America. The fluid power businesses segment consists of average numbers but consistent over 10 years,good consistent margins, lowered debt-equity$20.23$30.10$38.3118

CSL

Carlisle Companies IncCarlisle Companies Incorporated (Carlisle) is a holding company for Carlisle Corporation, and itswholly owned subsidiaries. Carlisle is a diversified manufacturing company, which manufactureand distribute a range of products. On January 25, 2008, the Company acquired 100% of theequity of Dinex International, Inc. (Dinex), a supplier of foodservice products to the healthcareand other institutional industries. On April 28, 2008, the Company acquired 100% of CarlyleIncorporated (Carlyle), a provider of aerospace and network interconnection solutions.low FCF, CROIC , consistent margins,$22.88$35.27$70.0019

CAE

Cascade CorpCascade Corporation (Cascade) is a manufacturer of materials handling load engagementproducts that are used on lift trucks and, to a lesser extent, on construction and agriculturalvehicles. Its products are primarily manufactured with the Cascade names and symbols. Theprimary function of these products is to provide the lift truck with the capability of engaging,lifting, repositioning, carrying and depositing various types of loads and products. Cascadeoffers a variety of functionally different products, each of which has numerous sizes, models,capacities and optional combinations. Products are designed to handle loads with pallets andfor specialized application loads without pallets.increase in net margin, declin in gross, goodearnings growth, average CROIC and FCF numbers$27.95$15.68NA20

NPK

National PrestoIndustries IncNational Presto Industries, Inc. operates in three business segments: Housewares/SmallAppliance, Defense Products and Absorbent Products. The Housewares/Small Appliancesegment designs, markets and distributes housewares and small electrical appliances, includingpressure cookers and canners, kitchen electrics, and comfort appliances. The Defense Productssegment manufactures 40mm ammunition, precision mechanical and electro-mechanicalassemblies, medium caliber cartridge cases, and performs Load, Assemble and Pack (LAP)operations on ordnance related products primarily for the U.S. government and primecontractors.bad CROIC and FCF numbers, margins stablizingafter a decline of 3 years$80.98$81.65$99.25

PFE

Pfizer IncPfizer Inc. (Pfizer) is a research-based, global pharmaceutical company. The Company discovers,develops, manufactures and markets prescription medicines for humans and animals. Itoperates in two business segments: Pharmaceutical and Animal Health. Pfizer also operatesseveral other businesses, including the manufacture of gelatin capsules, contract manufacturingand bulk pharmaceutical chemicals. In June 2008, Pfizer completed the acquisition of allremaining outstanding shares of common stock of Encysive Pharmaceuticals, Inc. through amerger of Pfizer's wholly owned subsidiary, Explorer Acquisition Corp., with and into Encysive.In June 2008, it also completed the acquisition of Serenex, Inc., a biotechnoloy company withcash cow, past 3 years sales have been flat, goodmargins but fluctuates due to industry, rising debtto equity, 2008 was tough year and uncertaintyabout future pipeline$15.19$26.71$28.4022

RBC

REGAL-BELOIT CORPRegal Beloit Corporation is a global manufacturer of commercial and industrial electric motors,heating, ventilation and air conditioning (HVAC) electric motors, electric generators andcontrols, and mechanical motion control products. The Company manufactures and marketselectrical and mechanical products. Its electrical products include HVAC motors, a line of alternating current (AC) and direct current (DC) commercial and industrial electric motors,electric generators and controls, capacitors, and electrical connecting devices. Its mechanicalproducts include gears and gearboxes, marine transmissions, high-performance automotivetransmissions and ring and pinions, and manual valve actuators. On September 30, 2008, theaverage numbers and wild FCF, strong earningsgrowth and cash from ops growth$39.47$32.49$87.0023

UST

USTST Inc. through its direct and indirect subsidiaries is engaged in the manufacturing and

marketing of consumer products. The Company’s segments include Smokeless Tobacco

Products, Wine and All Other Operations. The Smokeless Tobacco Products segmentmanufactures and markets smokeless tobacco products. The Wine segment produces andmarkets varietal and blended wines, and imports and distributes wines from Italy.Being bought out at mid $69$69.46$60.29$104.9824

VFC

VF CorpV.F.Corporation (VF) is enaged in branded lifestyle apparel and related products. The Companyowns a portfolio of brands in the jeanswear, outerwear, packs, footwear, sportswear andoccupational apparel categories. These products are marketed to consumers shopping inspecialty stores, upscale and traditional department stores, national chains and massmerchants. It derives 30% of its revenues from outside the United States, primarily in Europe,Asia, Canada and Latin America. VF products are also sold in some countries through licenseesand distributors. The Company

s businesses are organized into product categories and brands

called coalitions and consist of Outdoor and Action Sports, Jeanswear, Imagewear, SportswearFCF inconsistent but margins are consistent, goodCROIC but average FCF numbers$55.95$56.59NA25

ADTN

Adtran IncADTRAN, Inc. (ADTRAN) is engaged in designing, manufacturing, marketeting and servicingnetwork access solutions for communications networks. The Company

s solutions are deploye

by providers of telecommunications services (serviced by its Carrier Networks Division), andsmall and mid-sized businesses and enterprises (serviced by its Enterprise Networks Division),and enable voice, data, video and Internet communications across copper, fiber and wirelessnetworks. The Company has two operating divisions: the Carrier Networks Division and theEnterprise Networks Division. The Company develops, markets, and supports high-speednetwork access solutions for use across Internet protocol (IP), asynchronous transfer modeAbove average numbers and returns overall$20.25$16.71$21.1126

AVX

AVX CorpAVX Corporation (AVX) is a worldwide manufacturer and supplier of a line of passive electroniccomponents and related products. Virtually all types of electronic devices use the Company

passive component products to store, filter or regulate electric energy. AVX

s passive

electronic component products include ceramic and tantalum capacitors, film capacitors,varistors and non-linear resistors manufactured in its facilities throughout the world andpassive components manufactured by Kyocera Corporation of Japan (Kyocera), its majoritystockholder, which owns approximately 71% of AVX

s outstanding common stock. The

Company also manufactures and sells electronic connectors and inter-connect systems, andinconsistent numbers for everything$9.75$15.42$24.3727

FIC

Fair Isaac CorpFair Isaac Corporation (Fair Isaac) provides analytical, software and data management productsand services. Its services include predictive modeling, decision analytics, business intelligencemanagement, decision management systems and consulting services. The Company helpsbusinesses make better decisions in the areas of customer value, reduce fraud and creditlosses. The Company

s customer base includes banks and credit card issuers, insurers, retailers,

telecommunications providers, healthcare organizations, pharmaceutical companies andgovernment agencies. Fair Isaac categorizes its products and services into four segments:strategy machine, scoring solutions, professional services and analytical software tools. Onno FCF over 5 years, slowly declining margins, bigdrop in tangible equity, drops in sales for 3 years$17.19$17.00$15.6628

GLBL

Global Industries LtdGlobal Industries, Ltd. provides worldwide construction and subsea services, including pipelineconstruction, platform installation and removal, project management, construction support,diving services, diverless intervention and marine support services to the offshore oil and gasindustry primarily in selected international areas and the United States Gulf of Mexico. TheCompany provides services from shallow water to water depths of up to 10,000 feet. TheCompany

s business consists of two principal activities: Offshore Construction Services, which

includes pipeline construction and platform installation, and removal services, and SubseaServices, which includes divin and diverless intervention, and marine support services. Oncapital intensive compay makes it hard to valuewith DCF. Spent big amount of cash on capex lastyear.$6.17NA$10.8329

GWCompany description not available.

No longer trades…

$0.0030

PVR

Penn Virginia ResourcePartners L PPenn Virginia Resource Partners, L.P. is engaged in the management of coal and naturalresource properties and the gathering and processing of natural gas in the United States. TheCompany conducts operations in two business segments: coal and natural resourcemanagement, and natural gas midstream. During the year ended December 31, 2008,approximately 84% of its operating income was attributable to its coal and natural resourcemanagement segment, and approximately 16% of its operating income was attributable to itsnatural gas midstream segment. In July 17, 2008, the Company completed the acquisition of Lone Star Gathering, L.P. (Lone Star) in the Fort Worth Basin. In May 2008, the Companybig difference since earnings is FCF isn't as strongas earnings growth. Very high CROIC but mostmargins sliding down past 3-4 years. Fall incommodity prices hurt as well. 14% distribution isnice. Distributions increased by 4.4%$13.87$6.35$28.28