This is not a company that's on the ropes, but I think it's struggling to maintain the growth targets it has set for itself.

The guidance is a disappointment. They're apparently not expecting revenue growth really to pick up.

We have been citing improving execution as a key driver of earnings growth while conventional wisdom and headlines have credited cost cutting. Based on yesterday's results and questions on yesterday's conference call, we think investors are finally realizing that cost cutting is only part of the story.

He's not getting the kind of diversification he thinks because they're all in large company growth, ... If he held small company funds or value funds or foreign, he'd have wider diversification, and far lower risk.

The only company which is a clear growth vehicle in our view is Schering-Plough.

Tropicana is a great grocery brand. Tropicana is already showing growth, so PepsiCo is buying a company with momentum.