Expected Returns, July 2013 -- Manifest Investing

Expected Returns, July 2013

As we monitor companies for signs of economic recovery, Hugh McManus shares specific operating characteristics that can provide warnings or precursors of expanding opportunity.

Inventory Matters by Hugh McManus Jul 01, 2013

Forecasting the future is challenging, but it has to be done. Businesses have to try and predict future sales and, in an effort to support those sales, make staffing, inventory and financial commitments today.

MICROS Systems by Mark Robertson Jul 01, 2013

MCRS is the world’s leading developer of enterprise applications serving the hospitality and specialty retail industries.

Hoard vs. Herds by Mark Robertson Jul 01, 2013

Accumulate BLDRs Emerging Mkts 50 (ADRE)

Disciplined Fishing (Continued) by Mark Robertson Jul 01, 2013

In last month’s cover story, we shared a screening discipline used by Hugh McManus that enforces a routine of identifying stocks hovering near a selected low price.

Tin Cup Model Portfolio by Mark Robertson Jul 01, 2013

Trim Pepsi (PEP), Accumulate CHRW, MELI, COH

The Stocks You Follow: Manifest 40 by Mark Robertson Jul 01, 2013

We’ve always believed that the collective decisions made by our community of long-term investors is worth huddling over … a place where ideas are born.

Quality Legend:
Blue	Excellent with quality greater than 80.
Green	Good with quality between 60 and 80.
Neutral	Average or below average with quality between 20 and 60.
Red	Poor with quality less than 20.
Companies with less than 10 years of history are penalized by 5 points per year.
PAR Legend:
Green	PAR is within the target range of MIPAR +5-10%, currently 5.1%-10.1%
Yellow	PAR is above the target range of MIPAR +10%, currently 10.1%
PAR	Projected Annual Return
MIPAR	The Manifest Investing Median PAR of all stocks in the database.
Company Name Legend:
*	Not covered by Value Line Standard Edition.
b	Uses price-to-book value for valuation purposes.
P/CF	Uses price-to-cash flow for valuation.