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Richard Aster Jr: We believe oil prices will level or decline

November 08, 2005

Rick Aster wrote in his third quarter shareholder letter: "Consumer conence has dropped signiantly and the latest numbers show that personal income and retail spending have declined as well. The consumer has yet to face substantial increases in home heating costs. The important Christmas season will not be a good one for retailers and related businesses. We believe, however, that the slow down will be short lived."

http://www.meridianfund.com/pdfs/Meridian%20Value%20Sept05.pdf

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