Paul Harris, CFAAhold (Amsterdam Exchange)AH-AEXTOP PICKAug 15, 2006

A Dutch company. European business does very well. US has been lagging. Generates a lot of free cash flow. Trades at about 8.5 X free cash flow yield. Continuing to bring down their debt level. Expecting they will move from junk bond status to investment-grade. There are a lot of catalysts for this company.

Paul Harris, CFA

Owned

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$9.44

Stock price when the opinion was issued

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Paul Harris, CFAAhold (Amsterdam Exchange)AH-AEXTOP PICKAug 15, 2006

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