Expected Returns, June 2011 -- Manifest Investing

<strong>Signal:</strong> Anything that serves to indicate, warn, direct or command.

What roles do signals play in our decision-making as investors? What are some of the bigger picture indicators that we should explore?

SWI designs, develops. markets, sells and supports enterprise information technology infrastructure management software.

MONTX was recently added to our coverage and has the sixth highest PAR (14.0%), a healthy 6.6 points above current MIPAR.

The screening results this month represent our more traditional approach, seeking the highest ranked MANIFEST stocks.

Sell Some MDT, Accumulate BRLI & SWI

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.