News

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04/27/12 CNBC - Staples is like a "little Amazon." (Keith Goddard)
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http://video.cnbc.com/gallery/?video=3000086486&play=1

04/24/12 WRKO Boston Financial Radio - Money Shifting from Bonds to Stocks? (Channing Smith)
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http://audio.wrko.com/a/55651101/channing-smith-capital-advisors-growth-fund-on-apple.htm#q=channing+smith

04/24/12 SmartMoney - How the Auto Industry's Tune-Up Can Help Your Portfolio (Channing Smith)
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http://www.smartmoney.com/invest/stocks/how-the-auto-industrys-tunup-can-help-your-portfolio-1335191582178/?zone=intromessage

04/23/12 CNBC - Will Apple's Earnings Worsen the Stock Selloff? (Channing Smith)
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http://www.cnbc.com/id/47144138

04/21/12 Barron's - Even With Apple Bruised, the Week Was Up (Keith Goddard)
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http://online.barrons.com/article/SB50001424053111903835404577347871915101602.html?mod=BOL_hpp_mag

04/20/12 Financial Times - US equities rally runs into the ground (Channing Smith)
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http://www.ft.com/intl/cms/s/0/b763836a-8a5c-11e1-93c9-00144feab49a.html#axzz1sb9AOkyL

04/05/12 CNBC - Market: No Stimulus, No Problem? (Channing Smith)
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http://video.cnbc.com/gallery/?video=3000082648&play=1

04/02/12 SmartMoney - Which High-Flying Stock Will Keep Soaring? (Keith Goddard)
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http://www.smartmoney.com/invest/stocks/which-highflying-stock-will-keep-soaring-1331739779851/

03/15/12 Forbes - Money Shifting from Bonds to Stocks? - (Keith Goddard)
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http://video.cnbc.com/gallery/?video=3000078802

03/08/12 Forbes - "As Investors Move From Bonds To Stocks, AT&T And Nokia Look Like Buys" by Wallace Forbes. (Keith Goddard quoted)
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http://www.forbes.com/sites/wallaceforbes/2012/03/08/as-investors-move-from-bonds-to-stocks-att-and-nokia-look-like-buys/

03/01/12 USA Today - Apple hits $500B in Market Value
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http://www.usatoday.com/money/industries/technology/story/2012-02-29/apple-market-cap-tops-500-billion-dollars/53305986/1

02/29/12 Bloomberg News - "Apple Dividend May Return Part of $98B Cash" by Adam Satariano. (Keith Goddard quoted)
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http://www.bloomberg.com/news/2012-02-29/apple-dividend-may-return-part-of-98b-cash.html

02/23/12 MarketWatch Radio - Smith: "Jury still out" on market trend (Channing Smith)
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http://www.marketwatch.com/story/smith-jury-still-out-on-market-trend-2012-02-24?reflink=MW_news_stmp

02/17/12 theStreet.com - "Can Apple Investors Sue For a Dividend?"
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http://www.thestreet.com/story/11422312/3/can-apple-investors-sue-for-a-dividend.html

02/16/12 Barron's - "Vodafone Answers the Call for Dividend Yield" (Keith Goddard quoted)
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http://online.barrons.com/article/SB50001424052748704625304577227403950704074.html?mod=BOL_da_wt

02/16/12 Tulsa World - "ONEOK Inc. announced Wednesday that it hopes to split its stock for the first time in nearly 11 years, as shares of the Tulsa-based natural gas company hover near record levels." (Keith Goddard quoted)
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http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20120216_49_E1_ONEOKI69279

02/14/12 SmartMoney - Stop Getting Tossed Around (Channing Smith quoted)
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http://www.smartmoney.com/invest/stocks/stop-getting-tossed-around-1329253570523/

02/07/12 Reuters - Yum profit up as China keeps growing (Channing Smith quoted)
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http://www.reuters.com/article/2012/02/06/yum-idUSL2E8D69NC20120206

02/03/12 Barron's - Is Weyerhaeuser Out of the Woods? (Keith Goddard quoted)
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http://online.barrons.com/article/SB50001424052748703729304577201162229661228.html?mod=BOL_da_bt

01/25/12 USA Today - "Consumers in the middle of Google-Facebook battle" by Byron Acohido, Scott Martin and Jon Swartz. (Channing Smith quoted)
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http://www.usatoday.com/tech/news/story/2012-01-25/google-facebook-competition/52796502/1

01/25/12 TheStreet.com - "Apple Investor: 'We Haven't Seen Anything Like This Before'" by Robert Holmes. (Keith Goddard quoted)
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http://www.thestreet.com/story/11384328/1/apple-investor-we-havent-seen-anything-like-this-before.html

01/25/12 Bloomberg News - "Apple Surges on Net Income Doubling" by Adam Satariano. (Keith Goddard quoted)
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http://www.bloomberg.com/news/2012-01-24/apple-posts-record-quarterly-profit-sales.html

01/25/12 Bloomberg News - "Apple Profit More Than Doubles on IPhone" by Adam Satariano. (Keith Goddard quoted)
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http://www.bloomberg.com/news/2012-01-24/apple-posts-record-quarterly-profit-sales.html

01/17/12 TheStreet.com - "Two Most Important Company Earnings This Week" by Robert Holmes. (Channing Smith quoted)
Please cut and paste the following link into your browser.
http://www.thestreet.com/story/11376778/1/2-most-important-company-earnings-this-week.html

01/17/12 The Wall Street Journal - "US Stocks Advance As Economic Data Fuels Investor Sentiment" by Brendan Conway and Christian Berthelsen. (Channing Smith quoted)
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http://online.wsj.com/article/BT-CO-20120117-710356.html

01/06/12 Tulsa World - "Capital Advisors, Southwest Financial set cooperative agreement" by Laurie Winslow. (Keith Goddard quoted)
Please cut and paste the following link into your browser.
http://www.tulsaworld.com/business/article.aspx?subjectid=51&articleid=20120106_46_E1_Mnymng553723

01/05/12 Reuters - "How to Play It: Auto sales revving up in 2012" by David Randall. (Keith Goddard quoted)
Please cut and paste the following link into your browser.
http://www.reuters.com/article/2012/01/05/us-autosales-htpi-idUSTRE80412G20120105

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Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

Return on Equity is a measure of a corporation's profitability. Represents average return on equity on the securities in the portfolio, not the actual return on equity on the portfolio.

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Book value - Is the net asset value of a company, calculated by subtracting total liabilities from total assets.

Basis point - A basis point equals 0.01%.

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Shiller P/E Ratio - The Shiller P/E Ratio refers to a measure of stock market valuation maintained by Yale University economist, Robert J. Shiller at www.econ.yale.edu/~shiller/data.htm. It is calculated by dividing the price of the S&P 500 stock index by the average, inflation adjusted earnings for the stocks in the index over the preceding 10-years.

Shiller Market Index - The Shiller Market Index is maintained by Yale University economist, Robert J. Shiller at www.econ.yale.edu/~shiller/data.htm. Monthly returns for this index are calculated by comparing the average price for the index in each successive month, rather than the month-end value for the index, as is customary for most asset market benchmarks.

Mean-Variance Analysis - Is a primary input for asset allocation models that are based upon the Modern Portfolio Theory framework. Mean-variance analysis utilizes the expected return and the variance of each asset in a portfolio, along with the correlation matrix of the assets, to estimate an optimum diversification among the assets that produces the highest rate of return for each unit of volatility assumed.

Modern Portfolio Theory - Is a mathematical formulation of the concept of diversification in investing, with the aim of selecting a collection of investment assets that has collectively lower risk than any individual asset. This is possible, in theory, because different types of assets often change in value in opposite ways.

The S&P Citigroup Growth Index (formerly known as the S&P Barra Growth Index) is an unmanaged, capitalization-weighted index of S&P 500 stocks exhibiting high price-to-book ratios.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets.

The Brazil Bovespa Index is a total return index weighted by trading volume and is comprised of the most liquid stocks traded on the Sao Paulo stock exchange.

The S&P 600 Small-Cap Index is an unmanaged, capitalization-weighted index of 600 stocks covering the small-cap range of U.S. stocks.

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The S&P 500 Financials Index is an unmanaged, capitalization-weighted index of 500 stocks in the financial industry.

The Russell 2000 Index is an unmanaged index of 2000 of the smallest companies based upon market capitalization.

The Morgan Stanley Cyclical Index is an equal-dollar weighed index designed to measure the performance of economically sensitive industries within the U.S. economy and detect shifts in investor sentiment. It is composed of 30 stocks from 25 industries.

Dow Jones US Select Dividend Index is an Index of one hundred US companies selected by dividend yield subject to screens for dividend-per-share growth rate, dividend payout ratio and average daily dollar trading volume. Components are weighted by indicated annual dividend.

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