I think the main issue here is the company's ability to finally be realistic about the growth rate for the soup business. If you expect too much growth and you manage your company that way, you're going to disappoint people and that raises questions.
I think a turnaround is clearly under way. The underlying trends are really improving.
Every year around this time there is supposed to be a drought. It's hot every summer. That's the way weather works.
This is a value significantly below what Nabisco is worth. Nabisco's fundamentals are fabulous and the market is starting to recognize that.
Anyone who bought the company on that speculation in the past has been burned. In the past, the company has endured quite a bit of pain without the family selling.
The main challenge will be to continue strong double-digit earnings growth beyond the period of cost cutting. Right now, a lot of the growth is coming from cost cutting.