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		<nameOfIssuer>Activision Blizzard Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00507V109</cusip>
		<value>20636</value>
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		<nameOfIssuer>Adobe Systems, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>00724F101</cusip>
		<value>11256</value>
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		<nameOfIssuer>Alaska Air Group</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>011659109</cusip>
		<value>13653</value>
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		<nameOfIssuer>Alliance Data Systems</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>018581108</cusip>
		<value>2045</value>
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		<nameOfIssuer>Ally Financial</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02005N100</cusip>
		<value>1065</value>
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		<nameOfIssuer>Alphabet Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02079K305</cusip>
		<value>12672</value>
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		<nameOfIssuer>Amazon.com Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>023135106</cusip>
		<value>14664</value>
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		<nameOfIssuer>American Airlines Group Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02376R102</cusip>
		<value>2155</value>
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		<nameOfIssuer>American Electric Power</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>025537101</cusip>
		<value>7188</value>
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		<nameOfIssuer>AmerisourceBergen Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03073E105</cusip>
		<value>14301</value>
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		<nameOfIssuer>Amgen Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>031162100</cusip>
		<value>14277</value>
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		<nameOfIssuer>Anthem, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>036752103</cusip>
		<value>12707</value>
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		<nameOfIssuer>Apple Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>037833100</cusip>
		<value>34119</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Becton Dickinson &amp; Co.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>075887109</cusip>
		<value>6082</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Best Buy, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>086516101</cusip>
		<value>14591</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Biogen Idec, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09062X103</cusip>
		<value>12577</value>
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		<nameOfIssuer>Boeing Co</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>097023105</cusip>
		<value>19850</value>
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		<nameOfIssuer>Boston Scientific Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>101137107</cusip>
		<value>12749</value>
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		<nameOfIssuer>Bruker Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>116794108</cusip>
		<value>496</value>
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		<nameOfIssuer>CBOE Holdngs, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12503M108</cusip>
		<value>1342</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Celgene Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>151020104</cusip>
		<value>11747</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Cognizant Technology Solutions</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>192446102</cusip>
		<value>19369</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Community Health Systems Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>203668108</cusip>
		<value>2995</value>
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		<nameOfIssuer>Constellation Brands, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>21036P108</cusip>
		<value>14595</value>
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		<nameOfIssuer>Costco Wholesale Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>22160K105</cusip>
		<value>13675</value>
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		<nameOfIssuer>Danaher Corp</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>235851102</cusip>
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		<shrsOrPrnAmt>
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		<nameOfIssuer>Decker Outdoor Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>243537107</cusip>
		<value>2319</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Dow Chemical Company</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>260543103</cusip>
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		<nameOfIssuer>Dr. Pepper Snapple Group, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>26138E109</cusip>
		<value>14888</value>
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		<nameOfIssuer>Electronic Arts, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>285512109</cusip>
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		<nameOfIssuer>Estee Lauder Companies</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>518439104</cusip>
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		<nameOfIssuer>Expedia, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>30212P303</cusip>
		<value>709</value>
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		<nameOfIssuer>Facebook, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>30303M102</cusip>
		<value>14226</value>
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		<nameOfIssuer>Fairchild Semiconductor</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>303726103</cusip>
		<value>425</value>
		<shrsOrPrnAmt>
			<sshPrnamt>30275</sshPrnamt>
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		<nameOfIssuer>Federated Investors Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>314211103</cusip>
		<value>2831</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>Fidelity National Info Srv</nameOfIssuer>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>130595</None>
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		<nameOfIssuer>Foot Locker, Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>344849104</cusip>
		<value>3781</value>
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			<sshPrnamt>52525</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>11675</Sole>
			<Shared>0</Shared>
			<None>40850</None>
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		<nameOfIssuer>General Dynamics</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>369550108</cusip>
		<value>3279</value>
		<shrsOrPrnAmt>
			<sshPrnamt>23775</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>5275</Sole>
			<Shared>0</Shared>
			<None>18500</None>
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		<nameOfIssuer>Genuine Parts Co</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>372460105</cusip>
		<value>6604</value>
		<shrsOrPrnAmt>
			<sshPrnamt>79675</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>31605</Sole>
			<Shared>0</Shared>
			<None>48070</None>
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		<nameOfIssuer>Gray Television</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>389375106</cusip>
		<value>2625</value>
		<shrsOrPrnAmt>
			<sshPrnamt>205700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>45800</Sole>
			<Shared>0</Shared>
			<None>159900</None>
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		<nameOfIssuer>Harley-Davidson, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>412822108</cusip>
		<value>2494</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45425</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>10050</Sole>
			<Shared>0</Shared>
			<None>35375</None>
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		<nameOfIssuer>Hasbro Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>418056107</cusip>
		<value>2393</value>
		<shrsOrPrnAmt>
			<sshPrnamt>33175</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>7375</Sole>
			<Shared>0</Shared>
			<None>25800</None>
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		<nameOfIssuer>Health Net Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>42222G108</cusip>
		<value>1987</value>
		<shrsOrPrnAmt>
			<sshPrnamt>33000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>7350</Sole>
			<Shared>0</Shared>
			<None>25650</None>
		</votingAuthority>
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		<nameOfIssuer>Hertz Global Holdings, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>42805T105</cusip>
		<value>954</value>
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			<sshPrnamt>57050</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>12725</Sole>
			<Shared>0</Shared>
			<None>44325</None>
		</votingAuthority>
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		<nameOfIssuer>Home Depot Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>437076102</cusip>
		<value>14202</value>
		<shrsOrPrnAmt>
			<sshPrnamt>122975</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>48775</Sole>
			<Shared>0</Shared>
			<None>74200</None>
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		<nameOfIssuer>Hormel Foods Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>440452100</cusip>
		<value>15531</value>
		<shrsOrPrnAmt>
			<sshPrnamt>245320</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>97475</Sole>
			<Shared>0</Shared>
			<None>147845</None>
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		<nameOfIssuer>Imax Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45245E109</cusip>
		<value>2225</value>
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			<sshPrnamt>65850</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>14650</Sole>
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			<None>51200</None>
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		<nameOfIssuer>Intuitive Surgical Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>46120E602</cusip>
		<value>1884</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
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			<None>3200</None>
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		<nameOfIssuer>Johnson Controls Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>478366107</cusip>
		<value>9546</value>
		<shrsOrPrnAmt>
			<sshPrnamt>230795</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>91600</Sole>
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			<None>139195</None>
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		<nameOfIssuer>KB Home</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>48666K109</cusip>
		<value>2080</value>
		<shrsOrPrnAmt>
			<sshPrnamt>153475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>34050</Sole>
			<Shared>0</Shared>
			<None>119425</None>
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		<nameOfIssuer>Las Vegas Sands Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>517834107</cusip>
		<value>776</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20425</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>4525</Sole>
			<Shared>0</Shared>
			<None>15900</None>
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		<nameOfIssuer>Marathon Petroleum Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>56585A102</cusip>
		<value>3450</value>
		<shrsOrPrnAmt>
			<sshPrnamt>74475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>16575</Sole>
			<Shared>0</Shared>
			<None>57900</None>
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		<nameOfIssuer>Markit Ltd.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G58249106</cusip>
		<value>2453</value>
		<shrsOrPrnAmt>
			<sshPrnamt>84600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>18725</Sole>
			<Shared>0</Shared>
			<None>65875</None>
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		<nameOfIssuer>Mastercard Inc Cl A</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>57636Q104</cusip>
		<value>12957</value>
		<shrsOrPrnAmt>
			<sshPrnamt>143775</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>57025</Sole>
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			<None>86750</None>
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		<nameOfIssuer>McGraw Hill Financial, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>580645109</cusip>
		<value>14110</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>103800</None>
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		<nameOfIssuer>Mead Johnson Nutrition Co.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>582839106</cusip>
		<value>1440</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20450</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>15900</None>
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		<nameOfIssuer>Murphy USA, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>626755102</cusip>
		<value>2791</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>11300</Sole>
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			<None>39500</None>
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		<nameOfIssuer>Netflix Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>64110L106</cusip>
		<value>6722</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>25825</Sole>
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			<None>39275</None>
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		<nameOfIssuer>PNC Financial Services</nameOfIssuer>
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		<cusip>693475105</cusip>
		<value>9927</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>44200</Sole>
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			<None>67085</None>
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		<nameOfIssuer>Paccar Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>693718108</cusip>
		<value>3595</value>
		<shrsOrPrnAmt>
			<sshPrnamt>68900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>15300</Sole>
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			<None>53600</None>
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		<nameOfIssuer>Pfizer Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>717081103</cusip>
		<value>18994</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>239875</Sole>
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			<None>364850</None>
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		<nameOfIssuer>Principal Finl Grp Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74251V102</cusip>
		<value>9783</value>
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			<sshPrnamt>206645</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>81950</Sole>
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			<None>124695</None>
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		<nameOfIssuer>Prudential Financial Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>744320102</cusip>
		<value>11776</value>
		<shrsOrPrnAmt>
			<sshPrnamt>154525</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>61300</Sole>
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			<None>93225</None>
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	<infoTable>
		<nameOfIssuer>Quest Diagnostics Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74834L100</cusip>
		<value>1934</value>
		<shrsOrPrnAmt>
			<sshPrnamt>31475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>6975</Sole>
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			<None>24500</None>
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		<nameOfIssuer>Red Hat, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>756577102</cusip>
		<value>498</value>
		<shrsOrPrnAmt>
			<sshPrnamt>6925</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>1550</Sole>
			<Shared>0</Shared>
			<None>5375</None>
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		<nameOfIssuer>Regeneron Pharmaceuticals</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>75886F107</cusip>
		<value>477</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1025</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>200</Sole>
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			<None>825</None>
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		<nameOfIssuer>Robert Half International Co.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>770323103</cusip>
		<value>1559</value>
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			<sshPrnamt>30475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>6750</Sole>
			<Shared>0</Shared>
			<None>23725</None>
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		<nameOfIssuer>Ross Stores Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>778296103</cusip>
		<value>19898</value>
		<shrsOrPrnAmt>
			<sshPrnamt>410525</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>162825</Sole>
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			<None>247700</None>
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		<nameOfIssuer>SanDisk Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>80004C101</cusip>
		<value>1929</value>
		<shrsOrPrnAmt>
			<sshPrnamt>35500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>0</otherManager>
		<votingAuthority>
			<Sole>7900</Sole>
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			<None>27600</None>
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		<nameOfIssuer>Scripps Networks</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>811065101</cusip>
		<value>2701</value>
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			<sshPrnamt>54900</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>12225</Sole>
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			<None>42675</None>
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		<nameOfIssuer>Seagate Technology</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G7945M107</cusip>
		<value>1724</value>
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			<sshPrnamt>38475</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>8542</Sole>
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		<nameOfIssuer>Skyworks Solutions Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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		<nameOfIssuer>Southwest Airlines</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>844741108</cusip>
		<value>1008</value>
		<shrsOrPrnAmt>
			<sshPrnamt>26500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>20600</None>
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		<nameOfIssuer>St. Jude Medical Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>790849103</cusip>
		<value>13091</value>
		<shrsOrPrnAmt>
			<sshPrnamt>207505</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>82325</Sole>
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			<None>125180</None>
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		<nameOfIssuer>Starwood Hotels &amp; Resorts Worl</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>85590A401</cusip>
		<value>16865</value>
		<shrsOrPrnAmt>
			<sshPrnamt>253685</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>100650</Sole>
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			<None>153035</None>
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		<nameOfIssuer>Supervalu, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>868536103</cusip>
		<value>449</value>
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			<sshPrnamt>62475</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>13850</Sole>
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			<None>48625</None>
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		<nameOfIssuer>Synaptics Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>87157D109</cusip>
		<value>1173</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>11050</None>
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		<nameOfIssuer>Tegna</nameOfIssuer>
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			<sshPrnamt>137750</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>107075</None>
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		<nameOfIssuer>Tesoro Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>881609101</cusip>
		<value>6656</value>
		<shrsOrPrnAmt>
			<sshPrnamt>68450</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>27125</Sole>
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			<None>41325</None>
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		<nameOfIssuer>Texas Instruments, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>882508104</cusip>
		<value>6951</value>
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			<sshPrnamt>140365</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>55650</Sole>
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			<None>84715</None>
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		<nameOfIssuer>Under Armour</nameOfIssuer>
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		<value>513</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>4125</None>
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		<nameOfIssuer>United Parcel Svc Inc</nameOfIssuer>
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		<value>13370</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
			<Sole>53700</Sole>
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			<None>81775</None>
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		<nameOfIssuer>V.F. Corp.</nameOfIssuer>
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		<cusip>918204108</cusip>
		<value>12652</value>
		<shrsOrPrnAmt>
			<sshPrnamt>185485</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>111885</None>
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		<nameOfIssuer>Ventas, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92276F100</cusip>
		<value>6535</value>
		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>WABCO Holdings Inc</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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		<value>2097</value>
		<shrsOrPrnAmt>
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		<nameOfIssuer>WPX Energy Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>98212B103</cusip>
		<value>186</value>
		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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		<nameOfIssuer>Walgreens Boots Alliance, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>931427108</cusip>
		<value>20544</value>
		<shrsOrPrnAmt>
			<sshPrnamt>247225</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>Walt Disney Co</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>118500</None>
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		<nameOfIssuer>Waters Corp.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>941848103</cusip>
		<value>969</value>
		<shrsOrPrnAmt>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>1825</Sole>
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		<nameOfIssuer>Wolverine Worldwide</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<None>28500</None>
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		<nameOfIssuer>Woodward, Inc.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>980745103</cusip>
		<value>1891</value>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>Zimmer Biomet Holdings</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>98956P102</cusip>
		<value>4023</value>
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			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>Crown Castle International</nameOfIssuer>
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		<cusip>22822V101</cusip>
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		<shrsOrPrnAmt>
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		<nameOfIssuer>ARM Holdings</nameOfIssuer>
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		<value>1057</value>
		<shrsOrPrnAmt>
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		<value>1927</value>
		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<votingAuthority>
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			<None>16900</None>
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		<nameOfIssuer>Grupo Aeroportuario Del Centro</nameOfIssuer>
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		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>Grupo Aeroportuario Del Pacifi</nameOfIssuer>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<nameOfIssuer>Grupo Aeroportuario Del Surest</nameOfIssuer>
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		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<titleOfClass>ADR</titleOfClass>
		<cusip>40049J206</cusip>
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		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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		<cusip>585464100</cusip>
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		<shrsOrPrnAmt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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</informationTable>
