Among Citizens' traditional strengths have been its geographic diversification and varied businesses.

We call it geographic diversification.

"It meets our key acquisition criteria: strong cash flows, good markets that enhance our geographic diversification, and opportunities for future growth."

Within that design, a big American business like Koppers has two major attractions: geographic diversification and cash flow.

Wells Fargo has a strong revenue base, he said, and its business and geographic diversification have provided consistent profitability.

Such geographic diversification also protects investors' trees from localized insect infestations.

The strategists who recommended greater geographic diversification last winter may feel vindicated, but there is little evidence that fund managers have shifted significant amounts overseas.

The new group had the advantages of significant size, a strong capital base, a considerable financial structure and appropriate geographic diversification of its business and risks.

That geographic diversification means that an economic downturn in one state or region is not necessarily crippling in another.

FPI is positively influenced by high rates of return and reduction of risk through geographic diversification.