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January 26, 2006

A sitting duck !

We have three classes of undervalued stocks; moderately UV; substantially UV; excessively UV; and best of all "a sitting duck" A classic example of a sitting duck was Algoma Steel in August of 2004; at that time the stock was $13.00; estimated earnings were $7.00 per share; the est. cash flow was $10.00 per share and the est. book value was $20.00 per share; all of this was in our Report at that time. This was a sitting duck! The stock moved up to $40.00 in less than a year. In our Report last last month we thought Caterpillar was a sitting duck at $58.45; today it moved up to over $65.00. The ducks are doing well.

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