The views expressed are the views of Boyar Asset Management, Inc. as of June 5, 2009. These views are subject to change at any time and they do not guarantee the future performance of the markets, any security, or any funds managed by Boyar Asset Management. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities mentioned herein. Individual securities or industries/sectors mentioned, if any, should be considered in the context of an overall portfolio and therefore reference to them should not be construed as a recommendation or offer to purchase or sell securities. As of the date of this article, Boyar Asset Management had 455,850 shares of Saks (SKS) for its clients.