Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Earnings
Date: Tue, 30 Apr 2002 08:37:34 -0500
Next Article (by Subject): [CANSLIM] Head & shoulders "Tom Worley"
Previous Article (by Subject): Re: [CANSLIM] Earnings "Tom Worley"
Top of Thread: Re: [CANSLIM] Earnings "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0000_01C1F022.469049A0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
Here are the raw numbers from last night for the DJIA with the next 12
months forward P/E's. And in several cases, e.g., JPM, C, IBM, CAT, HWP,
INTC, HON and HD, the forward EPS number seems suspect to me as being overly
optimistic. It still points up an over-valued market and with all the
inside revisions being done to the economic numbers each month to make the
current month look good, I doubt seriously if the economy is behaving as
well as some would like to believe.
DJIA
Trail Price/ 2002 Forward
Stock Symbol 4/29/02 P/E Debt % Book EPS Est P/E
General Motors GM $ 63.19 16 831% 1.78 $ 5.11 12.4
Caterpillar CAT $ 52.89 22 201% 3.24 $ 2.57 20.6
Citigroup C $ 42.88 15 149% 2.72 $ 3.26 13.2
General Electric GE $ 30.85 21 145% 5.59 $ 1.65 18.7
Philip Morris MO $ 55.10 13 87% 6.08 $ 4.87 11.3
International Paper IP $ 39.15 76 102% 1.56 $ 0.99 39.5
J.P. Morgan JPM $ 34.34 43 94% 1.63 $ 2.72 12.6
IBM IBM $ 83.89 20 67% 6.12 $ 4.11 20.4
Proctor & Gamble PG $ 90.00 27 81% 9.71 $ 3.53 25.5
McDonald's MCD $ 28.21 20 90% 3.82 $ 1.47 19.2
Boeing BA $ 43.63 14 100% 3.38 $ 3.09 14.1
SBC Communications SBC $ 30.15 13 53% 3.11 $ 2.41 12.5
Wal-Mart WMT $ 56.20 37 53% 7.14 $ 1.77 31.8
Du Pont DD $ 43.27 37 37% 3.07 $ 1.75 24.7
Alcoa AA $ 33.90 28 60% 2.71 $ 1.54 22.0
United Technologies UTX $ 67.90 16 50% 3.84 $ 4.33 15.7
Honeywell HON $ 36.03 18 51% 3.2 $ 2.34 15.4
American Express AXP $ 41.00 30 64% 4.54 $ 1.98 20.7
Disney (Walt) DIS $ 23.02 41 39% 2.07 $ 0.61 37.7
Eastman Kodak EK $ 31.99 16 57% 3.23 $ 2.18 14.7
AT&T Corp T $ 12.86 17 32% 0.44 $ 0.15 85.7
Hewlett Packard HWP $ 16.97 22 26% 2.36 $ 1.10 15.4
Merck MRK $ 54.67 17 29% 7.75 $ 3.13 17.5
3 M MMM $ 122.64 27 24% 7.9 $ 4.98 24.6
Johnson & Johnson JNJ $ 62.91 31 9% 7.96 $ 2.23 28.2
Home Depot HD $ 46.96 36 10% 7.33 $ 1.53 30.7
Exxon Mobil XOM $ 39.70 21 9% 3.71 $ 1.77 22.4
Coca-Cola KO $ 54.64 34 10% 11.94 $ 1.78 30.7
Intel INTC $ 28.04 53 2% 5.25 $ 0.70 40.1
Microsoft MSFT $ 52.24 39 0% 5.98 $ 1.83 28.5
FFR
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Monday, April 29, 2002 11:11 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Earnings
Turn it around, Fred, we have been over this ground before. That is why
WON does not look at trailing PE, it only speaks to the past, not the
future, and right now stocks are showing pretty much the full effect of
falling earnings, hence a high trailing PE. Post a story on what the PE
ratio is when you look at projected PE for this year, better still next
year. Entirely different picture.
Let me try it again, EXPECTATIONS drives the market, not what it did last
quarter, or several quarters before that.
The key right now is whether those expectations can be fulfilled by
corporate America, by consumer spending continuing at a decent pace, by
further improvements in the economy. Only time will tell.
Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
----- Original Message -----
From: Fred Richards
To: canslim@lists.xmission.com
Sent: Monday, April 29, 2002 4:52 PM
Subject: [CANSLIM] Earnings
From the Dow Jones wire service today:
NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's
500 index at the close of trading Monday, April 29, was 43.15.
Friday, the ratio was 43.59.
A year ago, the ratio was about 25.33.
The lowest price/earnings ratio on the S&P 500 came in the second quarter
of 1949, when the reading slipped to 5.9.
Over the last decade, the low was 15.77 in the first quarter of 1995.
The price/earnings ratio, known as the multiple, is a measure of the
average stock price divided by the average earnings per share. The earnings
data are based on the trailing four quarters.
Fred Richards
- ------=_NextPart_000_0000_01C1F022.469049A0
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D340423213-30042002><FONT face=3DArial color=3D#0000ff =
size=3D2>Here=20
are the raw numbers from last night for the DJIA with the next 12 months =
forward=20
P/E's. And in several cases, e.g., JPM, C, IBM, CAT, HWP, INTC, =
HON and=20
HD, the forward EPS number seems suspect to me as being overly =
optimistic. =20
It still points up an over-valued market and with all the inside =
revisions being=20
done to the economic numbers each month to make the current month look =
good, I=20
doubt seriously if the economy is behaving as well as some would like to =
believe.</FONT></SPAN></DIV>
<DIV><SPAN class=3D340423213-30042002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV><SPAN class=3D340423213-30042002>
<DIV>
<TABLE style=3D"WIDTH: 442pt; BORDER-COLLAPSE: collapse" cellSpacing=3D0 =
cellPadding=3D0 width=3D589 border=3D0 x:str>
<COLGROUP>
<COL style=3D"WIDTH: 106pt; mso-width-source: userset; mso-width-alt: =
5156"=20
width=3D141>
<COL style=3D"WIDTH: 48pt" span=3D7 width=3D64>
<TBODY>
<TR style=3D"HEIGHT: 20.25pt" height=3D27>
<TD class=3Dxl26=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; WIDTH: 346pt; BORDER-BOTTOM: #c0c0c0; HEIGHT: 20.25pt; =
BACKGROUND-COLOR: transparent; mso-ignore: colspan"=20
align=3Dmiddle width=3D461 colSpan=3D6 height=3D27><FONT =
face=3DArial=20
size=3D5>DJIA</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; WIDTH: 48pt; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"=20
width=3D64><FONT face=3DArial size=3D5></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; WIDTH: 48pt; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"=20
width=3D64><FONT face=3DArial size=3D5></FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
#99ccff"=20
height=3D17><STRONG><FONT face=3DArial =
size=3D2> </FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2> </FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2> </FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Trail</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2> </FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Price/</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: #99ccff"=20
align=3Dright x:num><STRONG><FONT face=3DArial =
size=3D2>2002</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Forward</FONT></STRONG></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
#99ccff"=20
height=3D17><STRONG><FONT face=3DArial =
size=3D2>Stock</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Symbol</FONT></STRONG></TD>
<TD class=3Dxl24=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: #99ccff"=20
align=3Dright x:num=3D"37375"><STRONG><FONT face=3DArial=20
size=3D2>4/29/02</FONT></STRONG></TD>
<TD class=3Dxl24=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>P/E</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Debt %</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>Book</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>EPS Est</FONT></STRONG></TD>
<TD class=3Dxl23=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
#99ccff"><STRONG><FONT=20
face=3DArial size=3D2>P/E</FONT></STRONG></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><STRONG><FONT face=3DArial =
size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: =
transparent"><STRONG><FONT=20
face=3DArial size=3D2></FONT></STRONG></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>General Motors</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>GM</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"63.19"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>63.19 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>16</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"8.31"><FONT face=3DArial =
size=3D2>831%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>1.78</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"5.11"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>5.11 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"12.365949119373775" =
x:fmla=3D"=3D+C5/G5"><FONT face=3DArial=20
size=3D2>12.4</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Caterpillar</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>CAT</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"52.89"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>52.89 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>22</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"2.01"><FONT face=3DArial =
size=3D2>201%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.24</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.57"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.57 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"20.579766536964982" =
x:fmla=3D"=3D+C6/G6"><FONT face=3DArial=20
size=3D2>20.6</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Citigroup</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:str=3D"C "><FONT size=3D2><FONT face=3DArial>C<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN></FONT></FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"42.88"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>42.88 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>15</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"1.49"><FONT face=3DArial =
size=3D2>149%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>2.72</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"3.26"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>3.26 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"13.153374233128837" =
x:fmla=3D"=3D+C7/G7"><FONT face=3DArial=20
size=3D2>13.2</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>General Electric</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>GE</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"30.85"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>30.85 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>21</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"1.45"><FONT face=3DArial =
size=3D2>145%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>5.59</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.65"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.65 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"18.696969696969699" =
x:fmla=3D"=3D+C8/G8"><FONT face=3DArial=20
size=3D2>18.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Philip Morris</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>MO</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"55.1"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>55.10 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>13</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.87"><FONT face=3DArial =
size=3D2>87%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>6.08</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"4.87"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>4.87 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"11.314168377823409" =
x:fmla=3D"=3D+C9/G9"><FONT face=3DArial=20
size=3D2>11.3</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>International =
Paper</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>IP</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"39.15"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>39.15 =
</FONT></FONT></TD>
<TD class=3Dxl28=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num><FONT face=3DArial size=3D2>76</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"1.02"><FONT face=3DArial =
size=3D2>102%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>1.56</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"00.99"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>0.99 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"39.545454545454547" =
x:fmla=3D"=3D+C10/G10"><FONT face=3DArial=20
size=3D2>39.5</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>J.P. Morgan</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>JPM</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"34.34"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>34.34 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>43</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.94"><FONT face=3DArial =
size=3D2>94%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>1.63</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.72"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.72 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"12.625" x:fmla=3D"=3D+C11/G11"><FONT =
face=3DArial=20
size=3D2>12.6</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>IBM</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>IBM</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"83.89"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>83.89 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>20</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.67"><FONT face=3DArial =
size=3D2>67%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>6.12</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"4.11"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>4.11 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"20.411192214111921" =
x:fmla=3D"=3D+C12/G12"><FONT face=3DArial=20
size=3D2>20.4</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Proctor & =
Gamble</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>PG</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"90"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>90.00 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>27</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.81"><FONT face=3DArial =
size=3D2>81%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>9.71</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"3.53"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>3.53 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"25.495750708215297" =
x:fmla=3D"=3D+C13/G13"><FONT face=3DArial=20
size=3D2>25.5</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>McDonald's</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>MCD</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"28.21"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>28.21 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>20</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.9"><FONT face=3DArial =
size=3D2>90%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.82</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.47"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.47 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"19.19047619047619" =
x:fmla=3D"=3D+C14/G14"><FONT face=3DArial=20
size=3D2>19.2</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Boeing</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>BA</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"43.63"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>43.63 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>14</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"1"><FONT face=3DArial =
size=3D2>100%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.38</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"3.09"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>3.09 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"14.119741100323626" =
x:fmla=3D"=3D+C15/G15"><FONT face=3DArial=20
size=3D2>14.1</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>SBC =
Communications</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>SBC</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"30.15"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>30.15 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>13</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.53"><FONT face=3DArial =
size=3D2>53%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.11</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.41"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.41 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"12.510373443983401" =
x:fmla=3D"=3D+C16/G16"><FONT face=3DArial=20
size=3D2>12.5</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Wal-Mart</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>WMT</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"56.2"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>56.20 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>37</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.53"><FONT face=3DArial =
size=3D2>53%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>7.14</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.77"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.77 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"31.751412429378533" =
x:fmla=3D"=3D+C17/G17"><FONT face=3DArial=20
size=3D2>31.8</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Du Pont</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>DD</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"43.27"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>43.27 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>37</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.37"><FONT face=3DArial =
size=3D2>37%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.07</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.75"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.75 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"24.725714285714286" =
x:fmla=3D"=3D+C18/G18"><FONT face=3DArial=20
size=3D2>24.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Alcoa</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>AA</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"33.9"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>33.90 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>28</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.6"><FONT face=3DArial =
size=3D2>60%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>2.71</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.54"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.54 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"22.012987012987011" =
x:fmla=3D"=3D+C19/G19"><FONT face=3DArial=20
size=3D2>22.0</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>United =
Technologies</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>UTX</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"67.9"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>67.90 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>16</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"0.5"><FONT face=3DArial =
size=3D2>50%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.84</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"4.33"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>4.33 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"15.681293302540416" =
x:fmla=3D"=3D+C20/G20"><FONT face=3DArial=20
size=3D2>15.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Honeywell</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>HON</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"36.03"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>36.03 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>18</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.51"><FONT face=3DArial =
size=3D2>51%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.2</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.34"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.34 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"15.3974358974359" =
x:fmla=3D"=3D+C21/G21"><FONT face=3DArial=20
size=3D2>15.4</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>American Express</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>AXP</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"41"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>41.00 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>30</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.64"><FONT face=3DArial =
size=3D2>64%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>4.54</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.98"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.98 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"20.707070707070706" =
x:fmla=3D"=3D+C22/G22"><FONT face=3DArial=20
size=3D2>20.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Disney (Walt)</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>DIS</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"23.02"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>23.02 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>41</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.39"><FONT face=3DArial =
size=3D2>39%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>2.07</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"00.61"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>0.61 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"37.73770491803279" =
x:fmla=3D"=3D+C23/G23"><FONT face=3DArial=20
size=3D2>37.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Eastman Kodak</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>EK</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"31.99"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>31.99 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>16</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.57"><FONT face=3DArial =
size=3D2>57%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.23</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.18"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.18 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"14.674311926605503" =
x:fmla=3D"=3D+C24/G24"><FONT face=3DArial=20
size=3D2>14.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>AT&T Corp</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>T</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"12.86"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>12.86 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>17</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.32"><FONT face=3DArial =
size=3D2>32%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.44"><FONT face=3DArial =
size=3D2>0.44</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"00.15"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>0.15 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"85.733333333333334" =
x:fmla=3D"=3D+C25/G25"><FONT face=3DArial=20
size=3D2>85.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Hewlett Packard</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>HWP</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"16.97"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>16.97 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>22</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.26"><FONT face=3DArial =
size=3D2>26%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>2.36</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.1"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.10 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"15.427272727272724" =
x:fmla=3D"=3D+C26/G26"><FONT face=3DArial=20
size=3D2>15.4</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Merck</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>MRK</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"54.67"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>54.67 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>17</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.29"><FONT face=3DArial =
size=3D2>29%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>7.75</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"3.13"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>3.13 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"17.466453674121407" =
x:fmla=3D"=3D+C27/G27"><FONT face=3DArial=20
size=3D2>17.5</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>3 M</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>MMM</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"122.64"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$ 122.64 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>27</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.24"><FONT face=3DArial =
size=3D2>24%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>7.9</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"4.98"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>4.98 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"24.626506024096383" =
x:fmla=3D"=3D+C28/G28"><FONT face=3DArial=20
size=3D2>24.6</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Johnson & =
Johnson</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>JNJ</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"62.91"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>62.91 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>31</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.09"><FONT face=3DArial =
size=3D2>9%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>7.96</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"2.23"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>2.23 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"28.210762331838563" =
x:fmla=3D"=3D+C29/G29"><FONT face=3DArial=20
size=3D2>28.2</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Home Depot</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>HD</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"46.96"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>46.96 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>36</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.1"><FONT face=3DArial =
size=3D2>10%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>7.33</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.53"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.53 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"30.692810457516341" =
x:fmla=3D"=3D+C30/G30"><FONT face=3DArial=20
size=3D2>30.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Exxon Mobil</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>XOM</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"39.7"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>39.70 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>21</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.09"><FONT face=3DArial =
size=3D2>9%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>3.71</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.77"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.77 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"22.429378531073446" =
x:fmla=3D"=3D+C31/G31"><FONT face=3DArial=20
size=3D2>22.4</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Coca-Cola</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>KO</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"54.64"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>54.64 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>34</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.1"><FONT face=3DArial =
size=3D2>10%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>11.94</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.78"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.78 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"30.696629213483146" =
x:fmla=3D"=3D+C32/G32"><FONT face=3DArial=20
size=3D2>30.7</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17 x:str=3D"Intel "><FONT face=3DArial size=3D2>Intel =
</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>INTC</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"28.04"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>28.04 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>53</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"00.02"><FONT face=3DArial =
size=3D2>2%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>5.25</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"00.7"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>0.70 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"40.057142857142857" =
x:fmla=3D"=3D+C33/G33"><FONT face=3DArial=20
size=3D2>40.1</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Microsoft</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"><FONT=20
face=3DArial size=3D2>MSFT</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"52.24"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>52.24 =
</FONT></FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>39</FONT></TD>
<TD class=3Dxl25=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"0"><FONT face=3DArial size=3D2>0%</FONT></TD>
<TD=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num><FONT face=3DArial size=3D2>5.98</FONT></TD>
<TD class=3Dxl22=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
x:num=3D"1.83"><FONT size=3D2><FONT face=3DArial><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>$<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>1.83 =
</FONT></FONT></TD>
<TD class=3Dxl29=20
style=3D"BORDER-RIGHT: #c0c0c0; BORDER-TOP: #c0c0c0; BORDER-LEFT: =
#c0c0c0; BORDER-BOTTOM: #c0c0c0; BACKGROUND-COLOR: transparent"=20
align=3Dright x:num=3D"28.546448087431695" =
x:fmla=3D"=3D+C34/G34"><FONT face=3DArial=20
size=3D2>28.5</FONT></TD></TR></TBODY></TABLE></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </DIV>
<DIV><SPAN class=3D340423213-30042002><FONT face=3DArial color=3D#0000ff =
size=3D2>FFR</FONT></SPAN></DIV></SPAN>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Tom=20
Worley<BR><B>Sent:</B> Monday, April 29, 2002 11:11 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
Earnings<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial>Turn it around, Fred, we have been over this =
ground=20
before. That is why WON does not look at trailing PE, it only speaks =
to the=20
past, not the future, and right now stocks are showing pretty much the =
full=20
effect of falling earnings, hence a high trailing PE. Post a story on =
what the=20
PE ratio is when you look at projected PE for this year, better still =
next=20
year. Entirely different picture. </FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Let me try it again, EXPECTATIONS drives the =
market, not=20
what it did last quarter, or several quarters before =
that.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>The key right now is whether those =
expectations can be=20
fulfilled by corporate America, by consumer spending continuing at a =
decent=20
pace, by further improvements in the economy. Only time will=20
tell.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred =
Richards</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Monday, April 29, 2002 4:52 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] Earnings</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D440085220-29042002>From =
the Dow Jones=20
wire service today:</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D440085220-29042002></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN =
class=3D440085220-29042002><FONT=20
face=3D"Times New Roman" size=3D3>NEW YORK -(Dow Jones)- The =
price/earnings ratio=20
of the Standard & Poor's 500 index at the close of trading Monday, =
April=20
29, was 43.15. </FONT>
<P>Friday, the ratio was 43.59.=20
<P>A year ago, the ratio was about 25.33.=20
<P>The lowest price/earnings ratio on the S&P 500 came in the =
second=20
quarter of 1949, when the reading slipped to 5.9.=20
<P>Over the last decade, the low was 15.77 in the first quarter of =
1995.=20
<P>The price/earnings ratio, known as the multiple, is a measure of =
the=20
average stock price divided by the average earnings per share. The =
earnings=20
data are based on the trailing four quarters.=20
<P><BR></P></SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Fred Richards</FONT></DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0000_01C1F022.469049A0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): [CANSLIM] Head & shoulders "Tom Worley"
Previous Article (by Subject): Re: [CANSLIM] Earnings "Tom Worley"
Top of Thread: Re: [CANSLIM] Earnings "Tom Worley"
Articles sorted by: [Date]
[Author]
[Subject]