Expected Returns, May 2007 -- Manifest Investing

The urban legend may be a myth ... but investment clubs have been coming together to explore long-term investing for decades.

The urban legend may be a myth ... but investment clubs have been coming together to explore long-term investing for decades.

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company.

FGRIX was selected as our second "three-peat" because its expense adjusted portfolio PAR ranks second of all funds meeting our screening criteria.

VIPERs Vanguard Technology tops the list for May.

The highest-rated companies are Staples, Best Buy and Oracle.

Sell Kraft Foods, Accumulate Paychex.

Nurture your curiosity and focus on making better investment decisions.

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.