Forbes Best Ideas For 2012

50BEST
IDEAS
FOR 2012
WWW.FORBESNEWSLETTERS.COM
TABLE OF CONTENTS
GURU NEWSLETTER PAGE
Jim Stack InvesTech Research Market Analyst 3
Jim Oberweis/David Covas The Oberweis Report 5
John Buckingham The Prudent Speculator 6
Richard Lehmann Forbes/Lehmann Income Securities Investor 7
Curtis Hesler Professional Timing Service 8
Charles Carlson DRIP Investor 8
Larry McMillan Option Strategist 10
Nigam Arora The Arora Report 11
Ron Rowland All Star Fund Trader 12
David Penn Short Term Power Ratings 13
Jack Adamo Insiders Plus 13
Gordan Pape The Canada Report 15
Taesik Yoon Forbes Investor 16
Marc Gerstein Forbes Low Priced Stock Report 18
Rudy Martin Latin Stock Investing 19
George Putnam The Turnaround Letter 20
John Reese Validea Hot List 20
Bernie Schaeffer Option Advisor 21
Marilyn Cohen Bond Smart Investor 23
Vahan Janjigian Special Situation Survey 24
George Gilder Gilder Telecosm Forum 25
Janet Brown NoLoad FundX 28
Richard Suttmeier ValuTrader 29
Ken Kam SWAN Advisory 30
Jim Lowell Fidelity Investor; Forbes ETF Advisor 31
WWW.FORBESNEWSLETTERS.COM
ost investors are happy to wave goodbye to 2011. Last year was marked by fear and turbulence
M and a euro crisis that decimated global markets. In the U.S., the big cap, dividend-rich 30-stock
Dow Jones Industrial Average managed to produce a total return of 8% while the S&P 500 offered a pal-
try 2% total return. Emerging markets, long viewed as investors heroes, turned out to be portfolio villains.
China was down 22%, Brazil was off 18% and India was down nearly 25%. One bright spot was oil-rich
Venzuela whose stock market gained nearly 80%. Gold, as measured by exchange-traded fund GLD,
gained 10% during calendar year 2011.
As we do every year, Forbes polled more than 25 of our advisor partners in December asking them for
one or two of their favorite investment ideas for 2012. This report, The 50 Best Ideas For 2012, contains
a diverse selection of investment recommendations from some of the best stock and bond pickers we know.
Overall, most advisors in Forbes networkwith the exception of permabear economist Gary
Shillingare optimistic about 2012. However, all are selective in their buys and income is still a theme,
even among stock pickers. Gary Shilling of course is predicting more trouble in the euro zone and is still
gloomy on housing. His best idea is to stay bullish on long term Treasury bonds. This advice last year
would have produced nearly 30% in total return.
We hope you enjoy this years Special Investment Report.
Heres to a Happy And Prosperous 2012!
WWW.FORBESNEWSLETTERS.COM 2
GURU: JIM STACK, INVESTECH RESEARCH MARKET ANALYST
RECOMMENDATIONS: CVS CAREMARK, CONOCOPHILLIPS
CVS Caremark (CVS) was created in 2007 by the merger of two pharmacy heavyweights:
CVS, the nations second largest drugstore chain and Caremark, a leading Pharmacy Benefits
Manager (PBM). The companys combined operationswhich include the nearly 7,400 CVS retail locations and
Caremarks claims processing and mail-order businessallow it to process more than 1 billion prescriptions annu-
ally and make it the largest pharmacy company in the country.
CVSs strong market presence is well suited for an aging U.S. population that will almost certainly demand more
prescriptions. Over the next 20 years the U.S. population 65 and older is expected to grow from 40 million to 72
milliona 79% total increase. By 2030, 19% of the U.S. population will be over 65, compared with 13% currently.
This is a key growth demographic for CVS as people 65 and older fill an average of 25 prescriptions annually
nearly three times the national average.
As the largest purchaser of drugs in the U.S., CVS is well positioned to meet this growing prescription demand.
In particular, CVSs bargaining power with generic drug manufacturers is a key advantage. Generic drugs often
generate gross profits that are 40% higher than profits earned on branded counterparts. As we head into 2012, CVS
should benefit from the largest slate of major generic launches (Lipitor, Plavix, Singulair, etc.) in years. The funda-
mental outlook is so strong that CVS management is guiding to double-digit earnings growth for the next five years.
Company executives expect revenue to grow at 8% to 11% per year, while earnings per share are expected to increase
at 10% to 15% per year. Much of this growth will likely be returned to shareholders through dividends and stock
buybacks. CVS has been increasing its dividend, which currently yields 1.3%, at 22% per year for the last five years,
and is on track to top $1 billion in share buybacks this year alone.
Today CVS shares are trading at just 13.7x earnings, a steep discount to its 10-year median valuation of 18.1x
earnings. With positive industry trends, projected double-digit earnings growth and a 30% discount to historic
valuation levels, CVS is a solid company with great appreciation potential.
Source: Yahoo Finance
ConocoPhillips (COP), a large diversified U.S. energy company, holds a commanding presence in North
America and around the globe. With an emphasis on production growth, reserve replacement and financial strength,
the firm is situated to perform well over the next several years.
In early 2010 ConocoPhillips embarked on a three-year plan focused on improving the balance sheet, increasing
returns and investing in the most profitable opportunities. Since implementing this plan, divestitures of non-core,
low-margin assets have generated about $20 billion in cash and the proceeds have been deployed toward debt
reduction, share repurchases, dividend increases and investment in higher return projects. In 2012 COP has
another $5 to $10 billion in assets slated for sale that will provide more cash for the repositioning plan.
Managements latest value unlocking move is the decision to spin-off the downstream refining and chemical
operations by the first half of 2012.
After the split, the upstream operations will hold onto the ConocoPhillips name and be the largest pure-play
exploration and production company in the U.S.twice the size of its closest peer. The companys $15.5 billion
capital program will increase 15% over 2011, and more than half the outlay is targeted for North American liquid-
rich plays. After holding steady through the third year of repositioning, production is expected to grow an attractive
3%-4% annually for the foreseeable future. Notwithstanding COPs size, scale and technical capabilities that allow the
company to operate anywhere in the world, higher margin projects in the Lower 48 and Canada will drive a greater
portion of the projected growth.
The strength of ConocoPhillips balance sheet and cash flow generation places the company in an enviable posi-
tion. Using proceeds from asset dispositions, the firms share repurchases have reduced outstanding shares 15%.
COP has approved an additional $10 billion of repurchases to further enhance shareholder value, and cash flow per
share is expected to grow an impressive 10%-15% in the years ahead. On top of all this, the post-split divi-
dend for the upstream company is projected to be well over 5%, continuing the companys streak of paying a
dividend every year since 1934.
G U R U S: J I M OB E RWE I S AN D DAVI D COVAS,
THE OBERWEIS REPORT
RECOMMENDATIONS: ACACIA RESEARCH, TWIN DISC
Acacia Research (ACTG) acquires, develops, licenses and enforces patented

technologies. The companys operating subsidiaries generate license fee revenues and related cash flows from the granting of
licenses for the use of patented technologies that are owned or controlled. Acacias operating subsidiaries assist patent own-
ers with the prosecution and development of their patent portfolios, the protection of their patented inventions from unau-
thorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the
enforcement against unauthorized users of their patented technologies. Acacia is a leader in licensing patented technologies
and currently owns or controls, on a consolidated basis, the rights to more than 190 patent portfolios covering technologies
used in a wide variety of industries. The languishing economy has increased Acacias value proposition within the technol-
ogy industry as technology companies are increasingly interested in monetizing their intellectual property. Over the last year,
Acacia grew revenue nearly 20% over the prior 12-month period as it struck large licensing deals with the likes of Samsung
and Research in Motion. We believe ACTG could earn more than $2.00 per share in the next 12 months (70% EPS growth).
Twin Disc (TWIN) manufactures and sells
heavy duty marine and off-highway power
transmission equipment. Recently, Twin Disc
has experienced robust growth in its transmis-
sion systems used in horizontal drilling of oil
and natural gas. The company recently
launched a new lower horsepower transmission
product, the first specifically designed for smaller
unconventional drilling rigs, which is expected to
greatly increase the companys total addressable
market. In its latest reported quarter, manage-
ment noted that it expects a more meaningful
contribution to backlog from this product as
field testing is completed and orders are booked.
In addition to its high growth oil and gas busi-
ness, TWINs industrial and marine businesses
are finally starting to recover and should be aided
by the launch of a new marine joystick system,
which we believe will drive growth in the next
year. In the companys latest fiscal quarter, Twin
Disc grew sales 32%, earnings per share 246%,
and backlog 65% over the same period a year
earlier. In the next year, we think earnings per
share could top $3.15 (nearly 30% growth).
JOHN BUCKINGHAM, THE PRUDENT SPECULATOR
RECOMMENDATION: SHIP FINANCE INTERNATIONAL
Shares of oil tanker owner and operator Ship Finance International(SFL) have been brutalized
over the past month after worries arose about its exposure to former parent Frontline, which has
major liquidity concerns and which is on the other side of charter contracts for 28 of Ship's 69 vessels. Happily, those
concerns have been calmed somewhat after Frontline put forth a restructuring proposal that will actually see $106
million of 'restructuring compensation' make its way back to Ship Finance. Yes, SFL has agreed to amend the terms
of the long-term Frontline contracts in the process and a near-term hit to $0.25 per share from the lucrative $0.39 per
share quarterly dividend is likely, but I think the outcome is far better than what the 30% share-price hit over the past
four weeks would suggest. In addition, while last quarter's results came in light relative to investor expectations, the
company still earned $0.35 per share, and the consensus earnings forecast still calls for EPS of $1.45 in 2012. The dou-
ble-digit percentage yield (even if we simply annualize the likely new $0.25 quarterly payout rate) along with the fact
that we believe that shipping rates are more likely to move higher than lower from currently depressed levels over the
long-term add to SFL's appeal.
GURU: RICHARD LEHMANN, FORBES/LEHMANN INCOME
SECURITIES INVESTOR
RECOMMENDATIONS: JUST ENERGY, STONEMOR PARTNERS
Just Energy (JSTEF) is a Canadian energy company supplying electricity and natural gas to
residential customers under long term contracts. At $10 the stock yields 12.0% on a monthly dividend of 10.3 cents
Canadian that it has been paying since July, 2008. Recent price weakness seems to be based on fears that this dividend
rate cant be sustained, but I disagree. Besides, even if it cuts the rate, that event is already built into the price.
StoneMor Partners L.P. (STON) is the second largest U.S. operator of cemeteries and funeral homes. It pays a
quarterly dividend of .585 cents and yields 11%, pretty astounding for such a steady business. STON has been raising
its partnership distributions steadily by 3% to 4% a year. For a tax sheltered investment, its hard to beat.
GURU: CURTIS HESLER, PROFESSIONAL TIMING SERVICE
RECOMMENDATION: IAMGOLD
There was a study done in the 1970s that discovered that gold stocks tended to bottom in the
fourth quarter and rally strongly into the end of the first quarter of the next year. The average gain
of the day trading popular mining stocks like ASA was more than 85%.
Gold topped out at above $1,900/oz. in August and September. Since then, it has corrected to as low as $1,535, and
it has consolidated around the $1,700 level since. There is significant support now at $1,600, but I dont expect it to
dip that far before the next big rally leg begins. I am confident that we will see gold significantly higher in 2012, and
perhaps we will see new highs by March.
Another advantage is that the average gold stock is selling cheaper at the beginning of the new year than it did dur-
ing the great crash of 2008. Now is the time to do a little gold mining and buy Iamgold (IAG).
Iamgold operates five mines and has some very interesting development projects in the works andthis is the
most important partit is producing a million ounces a year. Gold mining is a capital intensive enterprise; and these
days, money is harder to find than gold. You need to have production, cash flow, and growth projects you can afford
to exploit from internal cash. Iamgold has all three, and even pays a 1% dividend. That is not all that outstanding, but
it will pay as well as a CD with the potential to double during the next leg of the gold bull market.
GURU: CHARLES CARLSON, DRIP INVESTOR

RECOMMENDATIONS: FOOT LOCKER, INTEL
Theres a nice turnaround story building at Foot Locker (FL). This specialty retailer, after strug-
gling in 2007, 2008 and 2009, has put together five solid quarters of better-than-expected profit
growth. The stock has responded to the operational improvement, with these shares moving to their highest level
since 2006 before pulling back to their current price. Solid operating momentum, a cash-heavy balance sheet, and an
attractive yield of nearly 3% are just a few of the attractions of these shares. While these
shares have demonstrated above-average volatility in the past, I like the direction of the company and the stock and
view these shares an attractive play for more aggressive investors. Please note that Foot Locker offers a traditional
dividend reinvestment plan in that investors must be a shareholder of at least one shareand have the share
registered in their own name, not the street namein order to participate in the plan.

Intel (INTC) sold off in recent trading, but the sell-off is providing an opportunity in
these shares for 2012. I like the companys modest valuation and healthy dividend yield. I think the company can beat
what are rather modest earnings-growth prospects for 2012. The yield should provide some downside cushion while
operating momentum improves. The stock should outperform the market in 2012. Intel offers a direct-purchase plan
whereby any investor may buy the first share and every share directly from the company.
GURU: LARRY MCMILLAN, OPTION STRATEGIST
RECOMMENDATION: WALGREEN
The largest piece of fundamental news regarding Walgreen (WAG) is its ongoing dispute with
Express Scripts (ESRX). Most of the news stories in the past year have centered on this dispute. I
expect that during 2012, the dispute will be resolvedfor ESRX needs Walgreen a lot more than the other way
around. Meanwhile, WAG continues to report decent earnings and pay a dividend large enough to attract money
from investors concerned with yield.
From an options standpoint, WAG options have increased in expensiveness (i.e., implied volatility) over the past
six months. This makes it attractive for the types of strategies I like to useparticularly the selling of puts with
striking prices below the current stock price. By selling such a put, one is collecting the premium (which you keep if
the stock remains above the striking price). Or, if the stock falls below the striking price, the stock can then be bought
at an attractive price.
GURU: NIGAM ARORA, THE ARORA REPORT
RECOMMENDATION: RED HAT
The premise behind this pick is that most money with the lowest risk is made by identifying a
change before Wall Street. In the world of information technology, two megatrends are in their
infancymigration to cloud computing and virtualization. Cloud computing entails providing software as a service.
Virtualization means creation of virtual machines that mimic real computers. Cloud computing and virtualization
stocks are very expensive, face stiff competition and are subject to rapid technological changes. This poses a challenge
for investors focused on risk adjusted returns.
Red Hat (RHT) is a hidden gem. The company provides open source infrastructure software to the enterprises
migrating to the two megatrends. Red Hat is the equivalent of a seller of picks and pans to the miners during the
California gold rush. My long-term estimates of growth rate and earnings power are 50% higher than the consensus
estimates. Red Hat is also an attractive acquisition target.
My earnings estimate for 2012 is $1.60, and $2.00 the following year compared to the consensus estimate of $1.05
for 2011. The stock is prone to occasionally falling on an earnings report. Astute investors may want to be patent and
buy only on the weakness as any weakness will be a buying opportunity.
GURU: RON ROWLAND, ALL STAR FUND TRADER
RECOMMENDATION: UBS E-TRACS 2X LEVERAGED LONG WELLS
FARGO BUSINESS DEVELOPMENT
If youre looking for high dividend yield, look no more. Not many investments can beat
E-Tracs 2X Leveraged Long Wells Fargo Business Development ETN (BDCL). Its latest quarterly payment of nearly
83 cents per share allows BDCL to sport an astonishing 19% annual dividend yield.
What in the world? Lets take it apart. ETN tells us this is an exchange-traded note. That is not the same as an
exchange-traded fund but looks superficially similar. The prime difference is that an ETN is a type of bond issued by
a bankUBS in this case. Business Development companies are publicly traded entities that invest in private equity
and debt, similar to private equity funds. The typical BDC lends capital to small- and mid-sized companies at relatively
high rates while often taking equity stakes. Its similar to a venture capital deal. So BDCL is an ETN whose value is
based on the return of an index of BDCs. The underlying investments are themselves highly leveraged, and BDCL
doubles the leverage again. Thats the source of the impressive dividend yield.

BDCL was launched in May, 2011 at $24 per share. The two quarterly dividends since then were paid right on time:
78.4 cents per share on July 12 and 82.7 cents per share on October 11. Anyone who bought the initial offering has
already earned 6.7% of their investment back, in cash. On the other hand (you knew this was coming), the daily price
of BDCL has been all over the place, ranging from $28.35 to as low as $13.14 this year. Nor is the dividend guaranteed
to continue. The income tax consequences of this uniquely-packaged investment are unclear. And theres the little
matter of credit risk.
As noted above, an ETN is basically a bond. BDCL investors are loaning their money to Swiss banking giant UBS.
European banks are not widely regarded for their creditworthiness right now. If UBS runs into trouble, BDCL
investors could be left out in the cold. If you have the stomach for it, and you like high yields, take a look at BDCL. If
you like the concept but are a bit less adventurous, an unleveraged version is available under the ticker BDCS.
GURU: DAVID PENN, SHORT TERM POWER RATINGS
RECOMMENDATION: KELLOGG COMPANY
For longer-term investors, our highest rated stock is Kellogg Company (K), makers of a
variety of ready-to-eat foodstuffs from Apple Jacks to Vanilla Wafers. After rallying to its highest
levels of 2011 in mid-May, shares of Kellogg fell to their lowest levels of the year in late November, closing at just above
$48 a share. Negative sentiment has increased toward Kellogg, with two firms downgrading the stock from "buy" to
"hold" in the first half of November shortly after missing analyst estimates for both earnings and revenues.
That said, Kellogg earned our highest rating of 10 out of 10 in early December, and is currently the highest
rated stock in the S&P 500. Kellogg is typical of the kind of stock that earns our highest ratings insofar as it is a
well-established company with the potential to increase in value over time. Kellogg has a dividend yield of 3.5%.
One straightforward way to manage an investment in a top-rated stock like Kellogg is with a 100% price target
and a 20% protective stop.
GURU: JACK ADAMO, INSIDERS PLUS

RECOMMENDATION: SEASPAN SERIES-C, ROYAL DUTCH SHELL
I expect 2012 to be a bad year for stocks, so Im emphasizing safety. Over the last 10
years Insiders Plus had a Sharpe Ratio (risk-adjusted return) five times the markets.
Seaspan Corp. Series-C 9.50% Cumulative Preferred (SSW-PC) leases container ships on long-term
charters of up to 12 years. 70% of its revenues come from shipping companies owned by The Peoples
Republic of China. Another 20% are from Japans biggest shippers.
This preferred stock is almost a bond. The shares are redeemable in 2016, and probably will be, so we are shielded
from the long-term effects of inflation open-ended preferreds face. The $25 par shares are selling near $27, so effective yield
to redemption is 6.9%. At my price limit the yield would be 5.8%. These are great yields for this degree of safety. The float is
thin on this issue, so buy only with a limit order, never a market order. The symbol used here is from Yahoo. MSN uses
SSW-C. Your broker may use another, so check. Buy Seaspan 9.50% Cumulative Preferred up to $28. Incidentally, I like Sea-
spans common (SSW) too, but
would buy it in tranches on
bear market pullbacks to $11,
$9 and $7.
In the last 10 years, Royal
Dutch Shell, Class-B (RDS-
B) has more than doubled
and is near an all-time high.
Despite two of the worst bear
markets in history it has
beaten the S&P 500, the Dow
Jones Industrial Average and
the NASDAQ 100. New man-
agement is growing produc-
tion, reducing expenses, sell-
ing non-core assets, and
paying down debt on a bal-
ance sheet already rated A++
by ValueLine. Conservatively
calculated, third quarter
earnings per ADR were
$1.98, 40% above last year.
The stock was up 19% last
year, beating all but one of the
worlds major integrated oil
companies, half of which were
down in 2011. Shell shares
yield 4.7% with a payout ratio
of just 40%, leaving room for
future dividend growth.
Source: Yahoo Finance Regardless of initiatives
for alternate fuels, demand for oil will continue to outstrip supply for decades to come. Strong companies in this sec-
tor will reward patient investors with steady income and growth. I would buy Royal Dutch Shell, Class-B up to $76,
and would load up on bear market pullbacks below $65 and $55.
GURU: GORDON PAPE, THE CANADA REPORT
RECOMMENDATIONS: BROOKFIELD RENEWABLE ENERGY
PARTNERS, ENBRIDGE
With the on-going debt crisis in Europe and the uncertainty in the run-up to the U.S. election, 2012
will likely be another volatile year for the markets. So I'm taking a low-risk, conservative approach with an emphasis on stabil-
ity and cash flow. Brookfield Renewable Energy Partners LP (TSX: BEP.UN) (PINK: BRPFF), a Bermuda-based limited part-
nership that is expected to list on the New York Stock Exchange soon, owns more than $13 billion worth of renewable power
generation assets in Canada, the United States and Brazil. The units pay an annualized distribution of $1.35 to yield about 5%
and that will increase going forward at a target rate of between 3% and 5% annually. There are also some tax advantages.
I recommended a companion limited
partnership, Brookfield Infrastructure
Limited Partnership (BIP), in mid-2011
and it has done very well. The pair make
an excellent combination for anyone look-
ing for low-risk, recession-resistant securi-
ties with strong cash flow.
Staying with the low-risk theme, take a
look at Calgary-based Enbridge (ENB). It
is best known for its huge pipeline busi-
ness, which is the world's longest crude oil
and liquids transportation system. But it
also is Canada's largest natural gas distrib-
utor, serving Ontario, Quebec, New
Brunswick and New York. As well,
Enbridge is increasingly involved in the
natural gas transmission and midstream
businesses, and is expanding its activities
in renewable and green energy technolo-
gies, including wind and solar energy,
hybrid fuel cells and carbon dioxide
sequestration. The stock is highly defen-
sive, having stood up very well in the crash
of 2008-09. Enbridge recently announced
a 15% dividend increase that projects to a
2012 yield of just more than 3% based on
the recent price. I regard this is a core stock
for the Canadian section of a portfolio.
GURU: TAESIK YOON, FORBES INVESTOR
RECOMMENDATIONS: AVIS BUDGET GROUP, SUPERVALU
On the whole, 2011 has not been kind to value stocks. Even shares of companies that
performed better than expected on an operational basis really took it on the chin. But that trend should
reverse itself in 2012. Below are two value stocks, which I believe will enjoy strong rebounds in the coming year.
Through its Avis and Budget brands, Avis Budget Group (CAR) is a leading global provider of car and truck
rentals to businesses and consumers. The company's largest segment is its domestic car rental operations (74% of
revenues through the first nine months of 2011), which offer car rentals and related services in the U.S. Its interna-
tional car rental segment (19% of revenues) provides similar services in Argentina, Australia/New Zealand, Canada,
Puerto Rico and the U.S. Virgin Islands. The remainder was derived from truck rentals.

CAR significantly augmented its operations in October with the acquisition of Avis Europe plc for $1.0 billion.
Avis Europe provides car rental services under the Avis and Budget brands in 112 and 59 countries, respectively. The
company expects annual cost-saving synergies of $30 million once fully integrated.
Strategic actions taken following the recession several years ago, including a greater emphasis on the inbound-
international and the small business rental markets, have led to significant improvement in operating results over the
past year. Indeed, earnings have exceeded analysts expectations for three straight quarters. I would not be surprised
by another strong showing in the fourth quarter. As for 2012, the Avis Europe acquisition should boost the top
line. It also expands CARs presence in fast-growing countries such as India and China. The current consensus
analysts estimate for 2012 is $1.89. This indicates that shares are trading at an unjustly low 6 times next years ex-
pectations. However, if synergies from the Avis Europe acquisition materialize faster than expected, this estimate
could prove conservative.
SuperValu (SVU) is a leading operator of retail grocery stores and the largest publicly traded wholesale grocery
distributor in the U.S. SVU operates 1,106 traditional supermarket format retail locations under the ACME, Albert-
sons, Cub Foods, Farm Fresh, Jewel-Osco, Hornbachers, Shaws, Shop n Save, Shoppers Food & Pharmacy, and Star
Market banners. Its retail network also consists of 1,294 hard-discount stores under the Save-A-Lot bannermost of
which are run by licensees. Additionally, through its supply chain services segment, SVU provides food distribution
and logistics services to its retail food stores and approximately 1,900 national, regional and independent grocery
store operators and mass merchants.
A high debt burden (stemming from a major acquisition in 2006) and greater competition from Wal-Mart and
other large-format discount retailers resulted in a sharp decline in earnings over the past several years. However,
actions implemented to turn its operations aroundsuch as its transition towards a center-led merchandising model,
growing its private label brands, remodeling stores and shedding itself of under-performing storesare finally
paying off. Like CAR noted above, SVU has also exceeded expectations every quarter so far this year.
Management specifically attributed these stronger than expected performance to its business transformation
initiatives. With SVUs current turnaround strategy firmly in place, I expect operating results to continue to surprise
to the upside in fiscal 2013 (which begins in March). As it does, it will become increasingly more difficult for investors
to ignore the stocks compelling valuation (selling at just 6 times the currently consensus estimate for 2012) and
generous dividend, which currently yields approximately 5%.
GURU: MARC GERSTEIN, FORBES LOW PRICED STOCK REPORT
RECOMMENDATIONS: COMSTOCK HOMEBUILDING, GSE SYSTEMS
Real-estate professionals have been known to say the three most important elements of success
are location, location and location. When it comes to housing stocks, I might adapt that to say it
all comes down to survivability, survivability, and survivability. Consider Comstock Homebuilding (CHCI), which
did about than $250 million in annual revenue in the mid-2000s as it expanded beyond its metropolitan Washington DC
core as it spread out along the east coast. But then . . . well, you know. Fortunately for CHCI, it went right into
survival mode. Revenue in 2011 is likely to come in at a paltry $20-$25 million. But cash from operations is positive and
was boosted by proceeds from a litigation settlement (one of the rare occasions when a nonrecurring gain is a big deal).
CHCI has retrenched back to the DC area and is doing multifamily projects, which it is, actually, able to sell. Stock valua-
tion metrics are normal, but the fundamentals used in the calculations are incredibly depressed. Imagine what might hap-
pen to the stock if the business can, in the next couple of years, grow to become, say, 75% below the former peak.
If youve ever admired Peter Lynch, you
may want to at least take a look at
GSE Systems (GVP), which makes simulators
used to train nuclear power-plant personnel.
In a chapter of One Up on Wall Street
describing the so-called prefect stock, Lynch
cites a disagreeable business as one of the
attributes. What could be more disagreeable
than nuclear power, especially considering its
less than a year since the disaster at Japans
Fukushima Daiichi nuclear plant. But the
world may not have the luxury of banishing
Source: Yahoo Finance some things because we hate them, and
nuclear power seems to be in that category
(Japan is still going ahead with plant con-
struction). If anything, disasters remind us
how much more vigilant we need to be re-
garding training, GSEs bailiwick. There will
also be a lot of pent up need, given that the
median age of nuclear power-plant workers is
50, meaning there will be lots of retirements
and new hires in the near future. Also, a re-
cent deal allows GSE to bring its simulation
expertise to a related area; validation of plant
design. The company is also moving beyond
nuclear, to simulation training for fossil fuel
plants and energy refining.
GURU: RUDY MARTIN, LATIN STOCK INVESTING
RECOMMENDATIONS: CEMEX, MERCADOLIBRE
Cemex, S.A.B. de C.V. (CX) is now clearly headed towards recovery based on a) top line price
increases, b) reductions in expensesespecially from a lower debt load and interest expense, c)
benefits from lower fuel costs as it moves to alternative fuels, which will surpass coal as main fuel next year, and d)
added flexibility from asset sales. Yes, it has become a classic turnaround stockincluding having a following that does
not believe it can attain financial health in the new slowing global economycreating an opportunity to buy this
cheap. But the stock is rebounding. While
Im not expecting a $36 high, but $9-10
would not be a bad price target, a mere
100% return from its current value.
Beyond its internal recovery, an improve-
ment in U.S. economic trends could also
lift infrastructure stocks like CX.
My second recommendation is a com-
pany with a growth engine that is fueled
by the population growth in Latin Amer-
ica and the rising Internet penetration.
MercadoLibre (MELI) is the leading
Internet stock in Latin America and a
must-own core holding. MELIs strategic
advantage is that it provides a robust
online trading environment that fosters
the development of a large and growing
e-commerce community. New products,
additional ad revenue and payment serv-
ices are key drivers. This is a real growth
stock with the potential for more positive
growth surprises.
The recent IPOs of Zynga, Groupon
and LinkedIn are signs that the market is
not done believing in the growth potential
of Internet stocks. And while some of these
may disappoint delivering on the promises,
MELI has a proven cash flow and should
Source: Yahoo Finance gain a premium valuation as investors real-
ize its consistent earnings power. This is now a stock picker's market. I'm not expecting near-term macro trends to lift
all shares in a sector or region. For this reason, I have been recommending solid dividend-paying stocks and a few
special situations.
GURU: GEORGE PUTNAM, THE TURNAROUND LETTER
RECOMMENDATION: OFFICEMAX
One of my favorite stocks for 2012 is OfficeMax (OMX), a leading seller of office products in
both the business-to-business and retail channels. The stock declined steadily through much of
2011 as investors fretted about the possibility of a new recession in the U.S. While OfficeMax is sensitive to economic
activity, I believe that investors have significantly overreacted in dumping the stock. It now looks as though the econ-
omy isnt doing so badly after all. Moreover, even if there is some weakness in business spending, OfficeMax is now
much more efficient than it was in past downturns.
The company is focusing on several areas for new growth, including overseas expansion, increased online presence
and new integrated solutions for offices. By most measures, the stock looks very cheap, with a price-to-earnings
ratio of less than nine and a price-to-sales ratio of 0.05 (both based on trailing 12-month numbers). Even without
renewed growth, a slight change in investor perceptions about OfficeMax could send the stock up sharply.
GURU: JOHN REESE, VALIDEA HOT LIST

RECOMMENDATION: ROSS STORES
Based in Pleasanton, Calif., Ross Stores (ROST) is the nation's second-largest off-price retailer,
selling a variety of name-brand clothing, accessories and home goods at highly discounted prices.
It has more than 1,000 stores across the U.S. under the Ross Dress for Less and dd's Discounts names. Part of what
draws me to Ross ($11.5 billion market cap) is its impressive track record of increasing both sales and earnings in a
variety of different climatesit's upped both in every year since 2005, making it a particularly attractive choice give
that consumers remain skittish and budget-conscious.
My Guru Strategies are based on the approaches of history's best investors, and Ross gets strong interest from three
of them. My Warren Buffett-inspired model likes that ROST has increased earnings per share in all but one year of the
past decade, has just $150 million in debt vs. more than $600 million in annual earnings, and has averaged a 29.3%
return on equity over the past decade. My Peter Lynch-based model likes its 30.1% long-term EPS growth rate and
0.57 P/E-to-growth ratio, and my James O'Shaughnessy-inspired approach likes that Ross has a red-hot relative
strength of 94 but remains reasonably priced, trading for 1.27 times sales.
Disclosure: I'm long ROST.
GURU: BERNIE SCHAEFFER, OPTION ADVISOR

RECOMMENDATIONS: TOLL BROTHERS, SOUTHERN COMPANY
Debate rages about when and if a housing recovery will occur, as the U.S. economy confronts
high unemployment, debt issues in Europe and a political stalemate in Washington D.C. Amid this uncertainty,
expectations are extremely low. But homebuilder Toll Brothers (TOL) has quietly outperformed the broad market in
2011, perhaps indicating a buying opportunity for investors in a company that specializes in the luxury home market.
TOL shares have been basing for a few years, with the bottom in 2008 coincident with the financial crisis. With a low
bar to hurdle on the earnings expectations front, the company has surprised investors, easily topping earnings esti-
mates in five of the past six quarters. Though TOL outperformed the market in 2011 on the heels of impressive quar-
terly earnings reports, there is room for significant price appreciation in 2012. For example, the shares could benefit
from brokerage upgrades and from short covering, as only 12 of the 23 Wall Street analysts currently following the
stock rate it a buy. Additionally, the shorts, whose activity represents nearly seven percent of TOLs share float, are
growing impatient and further covering could provide additional buying power.
If you are looking for a utility stock that offers a combination of impressive capital appreciation potential and an
attractive dividend yield, consider adding the Southern Company (SO) to your equity portfolio. With interest rates hovering
at extremely low levels that may continue in 2012, SO shares have appreciated by more than 15 percent in 2011 even as many
stocks trade in the red. But even more impressive for contrarian investors is the fact that the shares have exhibited this price
strength amid an analyst community that, on balance, is not recommending the stock. Of the 23 Wall Street analysts following
SO, only six rate it a buy, while two have tagged a sell rating on the equity. Moreover, in 2011 short interest grew by 45
percent on this outperformer. With the stock near all-time highs, the shorts and the Wall Street analysts may be forced to
capitulate by becoming less bearish, which would provide additional price appreciation potential for the shares. And as an
added bonus, the 4.2-percent dividend yield is attractive to income-seeking investors.
GURU: MARILYN COHEN, BOND SMART INVESTOR
RECOMMENDATIONS: SMITHFIELD FOODS 7.75% BONDS,
TESORO 6.50% BONDS
What does 2012 have in store for bond market investors? Probably more complications than
answers. And, most likely, Bondland will keep investors of all shapes and sizes scratching and sniffing around for
yield. The yield cant be found in investment grade bonds. Youll have to bend your quality rules and buy high yield
bonds whose issuers have: A good story about turning their business around;
improving credit metrics; and management restraining itself from being careless.
Equally important, investors need to refrain from buying financialsbanks, bro-
kerage or bonds issued by insurance companies. The European implosion will take
those down hard. Moreover, if the implosion is a whimper, their business turn-
around is nowhere in sight.
Buy what you understand. That means nothing esoteric or weird. Two names
that fit this profile are Smithfield Foods and Tesoro Corp.
Smithfield Foods is an easy company to understand and relate to. It processes
and markets portfolio products under 50 different nationally recognized brands.
Smithfield is the largest hog producer and pork processor glob-
ally. Annual sales are $12.2 billion. If you buy Boars Head ham or
turkey, you are part of that $12.2 billion in revenue. If you pack
LunchMakers for your kids or your own office snacks, then you
know Smithfield.
Smithfield bonds were upgraded in 2011 and leverage is down dramatically. Estimates are that leverage in 2012 will
be 1.7x. Dont be surprised if there are more upgrades in 2012. Buy Smithfield Foods 7.75% due July 1, 2017.
The bonds are non-callable and rated BB- by Standard & Poors (CUSIP: 832248AQ1). If you pay $108.75,
youll earn a 5.89% yield to maturity. Not bad for a company that knows who it is and how to improve its bal-
ance sheet and business.
Another drastically improved story is being written and executed by Tesoro Corp. This oil refining and petroleum
products company is doing it right. The balance sheet has improved. Gross refining margins are up 64%. Retail sales
are up 30% in their gas stations. The logistics business is doing well. Whats not to admire? Tesoro management wants
to get out of the junk ratings category to investment grade. With an improved balance sheet, high-return projects,
and refining margins rising, it is on its way.
Buy Tesoro 6.50% bonds due June 1, 2017 Callable June 1, 2012 @ 103.25 (CUSIP: 881609AT8). Rated BB+ by
Standard & Poor's. If you pay $103, thats a 5.53% yield to the worst call in 2015, a 6.83% yield to the June 1, 2012 call
and a 5.85% yield to maturity.
GURU: VAHAN JANJIGIAN, SPECIAL SITUATION SURVEY
RECOMMENDATIONS: SUPERVALU, RESEARCH IN MOTION
SuperValu (SVU), an out of favor grocer and supply chain manager, dug itself into a big hole
when it acquired Albertson's in 2006 and saw its balance sheet go out of whack. Debt ballooned
from $1.5 billion just before the acquisition to $9.5 billion afterwards. Furthermore, management gambled that it
could compete against upscale grocers such as Whole Foods Market. That plan backfired when the economic reces-
sion hit. Suddenly, SVU's traditional customers wanted bargains and started trading down to discount grocers. The
company racked up massive losses and slashed the dividend by half. But SVU is now in the midst of a turnaround.
New management decided to expand the company's Save-A-Lot hard-discount chain. Debt has been reduced by a
third and the bottom line is back in the black. Despite the dividend reduction, the stock still offers an extremely gen-
erous yield. SVU should be able to maintain the current payout and reduce debt even further at the same time. With
expected earnings of $1.25 per share in fiscal 2012 (which ends in February), SVU is an extremely cheap stock.
It's difficult to find a stock that is more out of favor than Research in Motion (RIMM). The company is best
known for the BlackBerry smartphone. RIMM is led by a pair of co-CEOs, a highly unusual arrangement for any
publicly-traded company and one that has proven extremely ineffective in recent periods. The dysfunctional arrange-
ment has resulted in one misstep after another. In particular, the company has delayed the launch of key new models
and new software a number of times. RIMM also had a disastrous launch of its tablet computer dubbed the PlayBook.
Although some experts claim the PlayBook is technologically superior to other tablets, consumers complain that there
are too few apps. Management has been begging investors to exercise a little more patience. Instead, investors have
been selling the stock. Yet, it's too early to write RIMM's obituary. Although the company is losing market share in the
U.S., it's still a leader in several key international markets. In fact, the subscriber base surged 35% year-over-year dur-
ing the most recently completed quarter. The board of directors will release a report in January that is widely expected
to recommend drastic changes. Despite reduced earnings expectations ($4.10 per share for fiscal 2012), with
absolutely no debt on the books and the real possibility of a management shake-up, RIMM is worth a second look.
GURU: GEORGE GILDER, GILDER TELECOSM FORUM

RECOMMENDATIONS: EZCH, MLNX, EVGN.TA, CGEN, BRCM, INTC,
TSEM, AUDC, APKT, WAVX
The dim gentility of my brain is currently brimming with Israel's genius after a ten-day trip to
this fabulous technology scene and a thirteen-hour ride on El Al.
EZchip (EZCH) still comes first as the leader of the pack headed for the fiber speed video Internet paradigm.
Following closely, with Eyal Waldman in the cockpit, cruising into the cloud on Infiniband and moving to Ethernet,
is Mellanox Technologies (MLNX). It may not have the best technology but it has the most irrepressible and temer-
arious CEO, and that counts for a lot of nebulation in the future.
Then let's all bow before Evogene (EVGN.TA), which is public in various elusive forms, perhaps with its head in the
cloud and its nose in the dirt. (The gymnastic posture that Feynman associates with genius: "Einstein could do it but
the rest of us have to choose.") Evogene has just persuaded Monsanto, the world leader in AG science, to move its key
R&D to Israel and make a further investment of $35M. (Evogene has $60M in cashhalf its market cap of $120M,
and has applied its parent Compugen's technology to agricultural predictive genetics in silico.)
Evogene's manifest success portends well, someday, for Compugen (CGEN), since it uses CGEN's model of the
genetic cascade, and this puts CGEN in my noggin despite the lack of significant news.
Broadcom (BRCM) has plighted its troth to Israel in wireless backhaul and put its program under the sway of
Provigent (in which I invested before the merger). Broadcom is taking over the wireless backhaul market with a
billion dollar business as of now, expanding rapidly. Wireless backhaul is slated to be huge, with the predicted 16-fold
increase in wireless data predicted by 2015. With nine Israeli acquisitions, BRCM is in the process of becoming
an Israeli company.
Intel (INTC) is already a product of Israel's genius and it is rumored to be contemplating its Israeli VP D. Perl-
mutter as the successor to Ottelini as CEO. Its P/E is 10 and if necessary it can have a successful career as the leading
U.S. and Israeli foundry.
The leading independent Israeli foundry is TowerJazz (TSEM) and it is depressed by a financial imbroglio and con-
vertible overhang. But under CEO Russell Ellwanger it has been executing well an ingenious analog strategy that
makes it a good way to play the analog paradigm. (The more digital traffic the greater the need for analog interfaces,
which gain the bulk of the profits.)

AudioCodes (AUDC) is an overlooked player in the ascendant session (layer five) paradigm, behind Acme Packet
(APKT). Both have Session Border Controllers and AUDC also commands important intellectual property in high
definition voice.
And finally, there is my own Wave Systems (WAVX) (I'm on the board), which has bought the Israeli security firm
Safend and is now partly Israeli, and handily makes the list.
GURU: JANET BROWN, NOLOAD FUNDX
RECOMMENDATIONS: POWERSHARES QQQ, WISDOMTREE
DIVIDEND EX-FINANCIAL
I am cautiously optimistic based on valuations, sentiment, monetary conditions and recent

market action, but my primary strategy is to be flexible and actively adjust through what may be a continued envi-
ronment punctuated by uncertainty.
Large-cap growth funds led in 2011 and one of the easiest and lowest cost ways to participate in this area is through PowerShares
QQQ (QQQ), an exchange-traded fund that tracks the Nasdaq 100 index. The Nasdaq is often considered to be a technology index,
but although technology is a big part of the index, its more diversified than many people think, covering 100 large domestic and
international companies. QQQ has 66% in information technology, 16% in consumer discretionary and 11% in health care.
The Nasdaq also tends to avoid financial firms and this has helped performance lately as financials were one of the
worst performing areas in 2011. While
there are many Nasdaq index funds,
QQQ is very liquid and one of the most
actively traded ETFs available.
Dividend-focused funds and ETFs like
WisdomTree Dividend ex-Financial
(DTN) were among 2010s best performing
diversified funds. With so much uncer-
tainty and volatility in the market, divi-
dends offer investors a buffer against poten-
tial declines as well as a decent yield. Some
large, good dividend-paying stocks have
yields higher than Treasuries.
DTN is made up of the 10 highest divi-
dend-yielding companies in each sector, but
it avoids financial stocksa good move in
2011 when financial stocks lagged. The
ETFs portfolio is concentrated (35%) in two
leading areas of the market: utilities and
consumer staples, both defensive areas that
held up well in 2011s volatile markets.
While some ETFs are small and thinly
traded, DTN has a solid trading history
and good liquidity. Weve held the fund
since June 2011 and will continue to hold
it as long as it keeps outperforming its
peers. DTN gained 9.1% for the 12-
months ending December 15, 2011.
GURU: RICHARD SUTTMEIER, VALUTRADER PORTFOLIO
RECOMMENDATIONS: AMAZON.COM, SCHLUMBERGER
My buy and trade strategy is based upon having good until cancelled (GTC) limit
orders to buy weakness to value levels and to sell strength to risky levels on stocks rated
BUY according to ValuEngine.
Amazon.com (AMZN) is currently a member of the ValuTrader model portfolio returning on December 14 at
$177.25. The prior buy and trade strategy was a buy at $183.52 the day after Thanksgiving on weakness following
tepid holiday sales estimates. The stock rallied to a risky level at $198.86 on December 5 for a gain of 8.4%. Ama-
zon.com is the preferred retailer for online sales all year long, plus its a tech stock with its hot holiday productthe
Kindle Fire. There will be buy and trade levels between $163.75 and $230.00 in 2012.
Schlumberger (SLB) is currently a member of the ValuTrader model portfolio returning on November 23, 2011
at $66.85. This stock tracks the ups and downs of crude oil making it a great buy and trade stock. The prior buy and
trade strategy for this stock was an exit at a risky level at $74.68 on October 27 for a gain of 6.3%.
GURU: KEN KAM, SWAN ADVISORY
RECOMMENDATIONS: MASTERCARD, CHINA MOBILE
MasterCard (MA) and Visa are the only two companies that can economically process credit
and debit card transactions on a global scale. Visa is the larger company today, but MasterCard is
gaining market share largely because it has won virtually all of the major co-branding deals announced in China
in 2011. The volume of transactions that these Chinese consumers can generate is the reason to prefer Master-
Card over Visa.
China Mobile ADR (CHL) has just below 640 million mobile telephone customers in China. The significant cost
of upgrading its network from 2G to 3G has made it look unattractive in the past. However, now that the upgrade is
finished, we are about to see the benefits. The new network was a good investment because it enables CHL to offer its
640 million customers a wide variety of additional services for which it can change an additional $2 to $5 per month.
GURU: JIM LOWELL, FIDELITY INVESTOR; FORBES ETF ADVISOR
RECOMMENDATIONS: DIA, HYG, VWO, EMB, FGRTX, SPHIX,
FTEMX
If 2011 was a slim pickings picnic, many are saying 2012 will be nothing more than the ants.
Not me. I know the macro issues well have to invest through; ongoing euro zone crisis, escalating U.S. class warfare
rhetoric, another Arab Spring. But dont forget that 2011 also taught us that even though one major piece of the
global economy was broken, our own economy was able to maintain a remarkable slow growth, not no growth mend-
ing. And emerging market economies continued to grow even as their markets were thrown out with the euro zone
bathwater. I see the same themes in 2012with a bit more risk of missing upside economic and market surprises.
For battleship balance sheets, battened down, recession tested management, and dividend yields giving bonds of
most types a run for their money, I like the mega-cap apex of the U.S. marketplace best. To invest in it, Id recommend
the SPDR Dow Jones Industrial Average (DIA). The behemoths herein have a global reach with a defensive base:
IBM (11%), Chevron (7%), McDonalds (6%), Caterpillar (6%), Exxon Mobil (5%) are the top five holdings amount-
ing to 35% of DIAs assets. To counterbalance the risk of a stock misstep, I also like a chicken hearted way to play my
stock market and the recovery themes: junk bonds.
Compared to stocks, theres a risk advantage to them. Compared to bond yields, ditto. I like the iShares Corporate
High Yield (HYG) exchange-traded fund offering. The key in reducing the nascent risk in junk bonds is diversifica-
tion; HYG has been delivering just that since its inception back in April, 2007. For a safety-mined contrarian, global
growth play, I like Vanguard MSCI Emerging Markets (VWO) paired with the iShares Emerging Market Bond
(EMB) as a way to barbell risk and returns in the ever volatile but also ever growing emerging markets. My Forbes ETF
Advisor 2012 portfolio picks: DIA (50%), HYG (30%), VWO (10%) and EMB (10%).
My preference in the mega cap stock active management space is Fidelity Mega Cap Stock (FGRTX), run by a
savvy large-cap stock selector, Matt Fruhan, who is relatively new to this fund (he took it over in April, 2009) has a long
and good track record running Fidelity Large Cap Stock (FLCSX) since May, 2005). Top holdings: Apple, Wells Fargo,
Exxon, JP Morgan Chase, Chevron, GE, Google, Procter & Gamble, Cisco and Microsoft.
My actively managed fund pick: Fidelity High Income (SPHIX). For a safety-mined contrarian, global growth
play, I like Fidelitys newest offering: Total Emerging Market (FTEMX), the first truly balanced emerging market fund
run by one of the most experienced and expert managers of both, John Carlson, is way to barbell risk and returns in
the ever volatile but also ever growing emerging markets. My Fidelity Investor 2012 picks: FGRTX (50%), SPHIX
(30%), FTEMX (20%).
Don't go into the market alone. Forbes offers

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INDEX
RECOMMENDATION PAGE RECOMMENDATION PAGE
Acacia Research (ACTG) 5 Kellogg Company (K) 13
Acme Packet (APKT) 27 MasterCard (MA) 30
Amazon.com (AMZN) 29 Mellanox Technologies (MLNX) 25
AudioCodes (AUDC) 27 MercadoLibre (MELI) 19
Avis Budget Group (CAR) 16 OfficeMax (OMX) 20
Broadcom (BRCM) 25 PowerShares QQQ (QQQ) 28
Brookfield Renewable Energy (BEP-UN.TO) 15 Red Hat (RHT) 11
Cemex (CX) 19 Research In Motion (RIMM) 24
China Mobile (CHL) 30 Ross Stores (ROST) 20
Compugen (CGEN) 25 Royal Dutch Shell (RDS-B) 14
Comstock Homebuilding (CHCI) 18 Schlumberger (SLB) 29
ConocoPhillips (COP) 4 Seaspan Series-C (SSW-PC) 13
CVS Caremark (CVS) 3 Ship Finance International (SFL) 6
Enbridge (ENB) 15 Smithfield Foods 7.75% Bonds 23
Evogene (EVGN.TA) 25 Southern Company (SO) 22
EZChip (EZCH) 25 SPDR Dow Jones Industrial Average ETF (DIA) 32
Fidelity High Income (SPHIX) 33 StoneMor Partners (STON) 7
Fidelity Mega Cap Stock (FGRTX) 33 SuperValu (SVU) 16, 24
Fidelity Total Emerging Market (FTEMX) 33 Tesoro 6.50% Bonds 23
Foot Locker (FL) 8 Toll Brothers (TOL) 21
GSE Systems (GVP) 18 TowerJazz (TSEM) 26
Iamgold Corp. (IAG) 8 Twin Disc 5
Intel (INTC) 9, 26 UBS E-Tracs 2x Wells Fargo Bus. Dev. (BDCL) 12
iShares Corporate High Yield (HYG) 32 Vanguard MSCI Emerging Markets (VWO) 32
iShares Emerging Market Bond (EMB) 32 Walgreen (WAG) 10
Just Energy (JSTEF) 7 Wave Systems (WAVX) 27
WisdomTree Dividend Ex-Financial (DTN) 28

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50BEST

gained 10% during calendar year 2011.

would have produced nearly 30% in total return.

We hope you enjoy this years Special Investment Report.

Heres to a Happy And Prosperous 2012!

Source: Yahoo Finance

Source: Yahoo Finance

Acacia Research (ACTG) acquires, develops, licenses and enforces patented

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GURU: CHARLES CARLSON, DRIP INVESTOR

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GURU: JACK ADAMO, INSIDERS PLUS

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GURU: JOHN REESE, VALIDEA HOT LIST

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GURU: BERNIE SCHAEFFER, OPTION ADVISOR

Source: Yahoo Finance

Source: Yahoo Finance

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GURU: GEORGE GILDER, GILDER TELECOSM FORUM

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

which gain the bulk of the profits.)

I am cautiously optimistic based on valuations, sentiment, monetary conditions and recent

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

Source: Yahoo Finance

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