These firms believe that due to the defensive customer mix, the Company experiences less operating leverage compared with other players in the industry. Further, the firms also contend that after delivering good results in the past few quarters, the Company has underperformed in the second year of recovery. Moreover, this underperformance is likely to continue as the sales are expected to moderate. These firms also list other factors restricting the near-term growth of the Company, including a lack of improvement in U.S. unemployment, pricing competitions, rising inventory costs and declining contribution from oil spill benefit.