Chris Morgan Due Quotations

Within the consumer grocery sector European companies are shifting their gaze eastwards due to competitive pressures caused by an increase in private labeling and a rise in discounters. However, as with the retail sector, success in Eastern Europe will largely depend on the available logistics network, which is where 3PLs with the necessary infrastructure could play a significant role.

Within the consumer grocery sector, European companies are shifting their gaze eastwards due to competitive pressures caused by an increase in private labeling and a rise in discounters. However, as with the retail sector, success in Eastern Europe will largely depend on the available logistics network, which is where 3PLs with the necessary infrastructure could play a significant role.

Median home prices within the district are high for a rural community, reflecting the district's attractiveness to buyers of second homes and telecommuters. Residents of the largest town also have access to job centers in the Fresno region, albeit via a one-hour drive to the south. Separately, the district recently lost about a third of its students and will lose about a third of its tax base in fiscal 2007 due to an annexation vote that removed a portion of the district's far southwest territory. This has been incorporated into the rating and we expect continued property turnover and new construction will translate into a growing property tax base within the school's new boundaries.