Reference List

Bloomberg. 2007. http://www.bloomberg.com/

Coatings World. 2006. 5th Annual R&D Salary Survey. http://www.coatingsworld.com/

Dow Chemical Company - News Center. 2005. http://news.dow.com/corporate/

Euromonitor. 2006. Coatings - Global Industry Analysts. Publication ID: GJOB1365205, http://www.marketresearch.com/

Hornstein, a. 2004. Un (Balanced) Growth. Federal Reserve Bank of Richmond. Economic Quarterly, vol. 90(4): pp. 25-45.

Investing Businessweek. 2007. http://investing.businessweek.com/

Valspar - Investor Relations. 2006. http://investors.valspar.com/

COST ANALYSIS - VALSPAR CORPORATION

The CAGR forecasts for 2005-2010 point to the Eastern Europe as the area with the highest growth rate: 10.9%. This region is followed by Asia Pacific, with 6.9%;...

Valspar fell in the last category as it has no diversified or specialized product portfolio.
According to table 1, the U.S. natural gas prices are above the prices of all other countries in the table.

The Earnings have slowly increased for Valspar in the last year. Dividends followed the same trend, with a few exceptions when they grew faster than earnings.

When compared to the industry's evolution, Valspar seems to have been above the industry's average in the 1st part of the year and below it in the second part of the year.

Sursa: Investing Businessweek, 2007