2. The most comprehensive program for NAIC analysis Detailed Overview

3. Presentation Topics Stock Selection Guide Tracking (PMG and PERT) Comparisons Extras (Balance Sheet, Sort, etc.) Portfolios Internet, Data Entry, Updating

4. Where to Start The Toolbar Use the Load Company button to load a company from the database. For NAIC Datafiles also use Load Company and then the Import NAIC button. For other formats review the manual or Help file.

5. Company Toolbar Mastering Stock Analyst PLUS! Left side - buttons for major company windows Right side - selections for the displayed window a.k.a. Floating Toolbar, as it can be placed anywhere

6. Stock Selection Guide Graph and Analysis Preferred Procedure Selected and Additional Graphics Debt Analysis Simple or Weighted Averages 33/33/33 or 25/50/25 zones Extensive application of judgment

7. Stock Selection Guide (SSG) Graph Full size, easy to read Computer/User trend/projections Outliers Preferred Procedure Latest Q box Dynamic readouts Price zoning bar

8. Outliers click on/off year label includes & excludes data point alters computer calculations

9. User Trend & Projection Lines Display/ remove sales & EPS trend and projection lines A ruler to apply your judgment to growth % growth can be entered from the keyboard

10. SSG Graph Preferred Procedure and Selected Graphics

11. Recent Quarterly Data Click on/off Always prints Shows –latest quarterly results –calculated growths –R 2 –scales

12. Stock Selection Guide (SSG) Analysis Easy to read Optional debt analysis Strike-outs Optional projected P/E Unrestricted judgment Simple and weighted averages

13. Evaluating Management Trend Compares recent 2 years’ results to historical 5- year average. Variance: ++, +, -+, Even, +-, -, -- Strike out exceptional years For debt, a negative trend indicates reduction in debt.

14. Price/Earnings (P/E) History Judgment Options exclude outliers alternate values weighted vs. simple average calculations Cont.

15. Price/Earnings History See the EPS used for P/E and relative value calculations Valuation based on current P/E current relative value projected P/E and projected relative value See how the projected EPS is calculated - 3 choices

16. Low Price Selections Choose the one that best reflects the company’s situation OR ELSE... Type in your own price Various easy alternatives

17. Judgment Add Judgment... Whenever computed values don’t reflect your expectations for the company R button resets data to computer- calculated values Parts 2, 3, 4

18. PMG and PERT Track on-going company performance Provide comparison with your SSG expectations for growth Alert you to changes in growth Help with buy/sell decisions

19. (PMG) Portfolio Management Guide Tracks Company Performance (Value) Graph and Report Up to 6 years of data Relative Value history

20. PMG (Part 3) Latest quarter Projected EPS P/E Relative Value Update prices from keyboard or automatically from Internet or STB Bulletin Board Service

21. PMG Graph Price (blue) Price Zone bar (blue) P/E (red) P/E Alert Bar (red) Relative Value (red) Bars are the SSG-set targets Lines indicate current value

22. (PERT) Portfolio Evaluation Review Technique Divisions by FY Latest reported Q Graphics PERT Q and Y Track company growth and profits

23. PERT Graphics For the Advanced User Help visualize cumulative quarterly and yearly results Up to 6 years of data Show characteristics not easily discernable in numerical data

24. PERT Graphics 1 Shows the change in EPS, revenue, pre- tax income, and profitability Quarterly and 4Q totaled data Positive movement is good Are growths and profits maintained?

25. PERT Graphics 2 Shows characteristics not normally apparent in yearly data Quarterly revenue, pre-tax income, and EPS 4Q totaled values Projected values (EPS)

26. PERT A - Summary Extra items show expectations from SSG study - compare projections with actual results

27. Balance Sheet and Notes *Introductory paragraph to SSG in NAIC Official Guide For Advanced Users The first* information to review before analysis Safety and financial strength Capital structure Record of comments for your future recollection

28. Comparison Guide Multiple Comparison Guides at the same time Add judgment to each row 16 additional items in ‘Other’ section Graphics

29. Comparison Guide Compare graphically any of 25 items for the selected companies See each company’s performance in each category

30. Challenge Tree Sort Financial Calculator

31. Updating from keyboard updating from NAIC/S&P Datafiles (yearly, quarterly, and balance sheet) price updating from the Internet price updating from STB - BBS (with Prospector software) price exchange with other programs (Quicken,etc.) links to Prospector for analyzing companies Internet link to company’s site Internet link to other favorite sites

32. Datafiles Import multiple companies Preview data Scroll through files to see interesting possibilities Import and save multiple instances of companies for club comparisons, pessimistic/optimistic analyses, etc.

33. Internet Favorite Sites prices news company data company releases SSG files NAIC how-to

34. Portfolios Measures How your Holdings are Performing Full summary for individual stocks and portfolio

35. Diversification Shows portfolio balance... by sector, size, and currency... numerically and graphically

36. Cost of Switching and Planner Follow NAIC principles... Invest for the long term Buy and hold well-managed good quality growth stocks

37. Reports and Other Items 20+ Printed Reports –multi-page report printing –clean and appealing appearance –full color (for color printers) + + –beginner/advanced user modes –on-line Help and Glossary –User Manual and Investor Guide –NAIC Approved, and lots more

38. Demonstration The most comprehensive program for NAIC analysis