Expected Returns, December 2006 -- Manifest Investing

Chronicles deliver a welcome reinforcement of the methods championed by George Nicholson.

Chronicles deliver a welcome reinforcement of the methods championed by George Nicholson.

Fastenal ranks as one of the more widely-followed stocks in our community.

The fund's characteristics have changed under new management, mostly in ways that MANIFEST advocates think should be a long-term improvement.

Fidelity Growth & Income tops the list this month.

The highest rated companies are Fastenal, Stryker, Wellpoint Health and EBay.

Who doesn't want more Paychex.

Mark explains the relevance of the P/E forecast and pulling the plug on TWCIX.

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.