How to Read a Value Line Report

1 How to Read a Value Line Report Value L i n e I n v est m e n t E ducat i on Smart research. Smarter investing.. 2015 Value Line, Inc. All Rights Reserved. Value Line, the Value Line logo, The Value Line Investment Survey, The Most Trusted Name in Investment Research, Smart research. Smarter investing. ,Timeliness, and Safety are trademarks or registered trademarks of Value Line, Inc. and/or its affiliates in the United States and other countries. All other trademarks are the property of their respective owners. Factual material is obtained from sources believed to be reliable and any information contained herein is provided without warranties of any kind. Value . LINE IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN OR ANY DAMAGES OR LOSSES ARISING FROM ANY USE OF.

2 THIS Report . This Report is strictly for each subscriber's own, non-commercial, internal use. No part of this Report may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. Nothing herein should be construed as an offer to buy or sell securities or funds or to give individual investment advice. Value Line Arithmetic and Geometric indices calculated by Thomson Reuters. Information supplied by Thomson Reuters. 1503516. How to Read a Value Line Report In order to get the greatest use out of our products, you'll Part 1. need to be able to understand our research reports and put ALUE LINE.

3 File at the front of the Summary THE &. Ratings & Reports binder. Last week's Summary & Index Investment Survey Index them in context. This guide was designed to help you do . should be removed. March 13, 2015. TABLE OF SUMMARY & INDEX CONTENTS Summary & Index just that. Referring to this guide will assist you in using our Industries, in alphabetical order .. 1. Stocks, in alphabetical order .. 2-23. Page Number Noteworthy Rank Changes .. 24-25. services as forecasters of relative stock price performance Industries, in order of Timeliness Rank .. 24. Timely Stocks in Timely Industries .. 25-26. SCREENS. Stocks with Lowest P/Es .. Stocks with Highest P/Es .. 35. 35. as well as a source of interpretive analysis and historical Timely Stocks (1 & 2 for Performance).

4 27-29 Stocks with Highest Annual Total Returns .. 36. Conservative Stocks (1 & 2 for Safety) .. 30-31 Stocks with Highest 3- to 5-year Dividend Yield .. 36. Highest Dividend Yielding Stocks .. 32 High Returns Earned on Total Capital .. 37. Stocks with High 3- to 5-year Price Potential .. 32 Bargain Basement Stocks .. 37. Biggest Free Flow Cash Generators .. 33 Untimely Stocks (5 for Performance) .. 38. information that will assist you in spotting trends. Best Performing Stocks last 13 Weeks .. 33 Highest Dividend Yielding Non-utility Stocks .. 38. Worst Performing Stocks last 13 Weeks .. 33 Highest Growth Stocks .. 39. Widest Discounts from Book Value .. 34. The Median of Estimated The Median of Estimated The Estimated Median Price PRICE-EARNINGS RATIOS DIVIDEND YIELDS APPRECIATION POTENTIAL.

5 Of all stocks with earnings (next 12 months) of all dividend of all 1700 stocks in the hypothesized paying stocks under review economic environment 3 to 5 years hence A C. I: Getting Started Ago 3-9-09. 26 Weeks Market Low Market High 2-24-15 Ago 3-9-09. 26 Weeks Market Low Market High 2-24-15. Ago 3-9-09. 185%. 35%. 26 Weeks Market Low Market High 2-24-15. 30%. 35%. B. As a subscriber, you will receive three parts of The Value ANALYSES OF INDUSTRIES IN ALPHABETICAL ORDER WITH PAGE NUMBER. Numeral in parenthesis after the industry is rank for probable performance (next 12 months). PAGE. Advertising (82) .. 2384. PAGE. Electric Utility (West) (10) .. 2228. PAGE. Machinery (15).

6 1701. PAGE. (93) .. 1513. Line Investment Survey each week. Part 1 is the Summary *Aerospace/Defense (27) .. 701 Electronics (14) .. 1317 Maritime (21) .. 330 Recreation (55) .. 2301. Air Transport (3) .. 301 Engineering & Const (37) .. 1233 *Medical Services (20) .. 799 Reinsurance (18) .. 2019. Apparel (12) .. 2101 Entertainment (30) .. 2327 Med Supp Invasive (85) .. 170 Restaurant (56) .. 351. Automotive (25) .. 101 Entertainment Tech (95) .. 2003 Med Supp Non-Invasive (79) .. 198 Retail Automotive (7) .. 2118. Auto Parts (4) .. 977 Environmental (19) .. 413 *Metal Fabricating (58) .. 731 Retail Building Supply (52) .. 1137. & Index, Part 2 is Selection & Opinion and Part 3 is Ratings Bank (69).

7 2501 Financial Svcs. (Div.) (29) .. 2531 Metals & Mining (Div.) (48) . 2028, 1578 Retail (Hardlines) (34) .. 2162. *Bank (Midwest) (86) .. 780 Food Processing (41) .. 1901 Natural Gas Utility (70) .. 541 Retail (Softlines) (67) .. 2201. Beverage (68) .. 1962 Foreign Electronics (61) .. 1978 Natural Gas (Div.) (31) .. 520 Retail Store (51) .. 2131. *Biotechnology (94) .. 1428, 833 Funeral Services (46) .. 1822 Newspaper (49) .. 2376 Retail/Wholesale Food (32) .. 1942. Building Materials (40) .. 1101 Furn/Home Furnishings (45) .. 1146 Office Equip/Supplies (83) .. 1418 Securities Brokerage (38) .. 1789. & Reports. Below we will describe each section and discuss Cable TV (6) .. 1020 *Healthcare Information (87).

8 825 Oil/Gas Distribution (77) .. 610 Semiconductor (73) .. 1348. Chemical (Basic) (23) .. 1589 Heavy Truck & Equip (24) .. 154 Oilfield Svcs/Equip. (11) .. 2407 Semiconductor Equip (53) .. 1388. Chemical (Diversified) (5) .. 2435 Homebuilding (81) .. 1122 Packaging & Container (17) .. 1173 Shoe (26) .. 2153. Chemical (Specialty) (8) .. 553 Hotel/Gaming (39) .. 2347 Paper/Forest Products (36) .. 1162 *Steel (33) .. 742. Coal (71) .. 602 Household Products (84) .. 1188 Petroleum (Integrated) (16) .. 501 Telecom. Equipment (80) .. 940. some of the ways to use them. Computers/Peripherals (35) .. 1398 Human Resources (91) .. 1636 Petroleum (Producing) (28) . 1828, 2393 Telecom. Services (9).

9 921. Computer Software (90) .. 2577 Industrial Services (42) .. 380 Pharmacy Services (43) .. 966 Telecom. Utility (62) .. 1030. Diversified Co. (13) .. 1737 Information Services (54) .. 438 Pipeline MLPs (72) .. 620 Thrift (96) .. 1501. Drug (74) .. 1601 IT Services (57) .. 2597 Power (78) .. 1216 Tobacco (64) .. 1987. E-Commerce (89) .. 1805 Insurance (Life) (47) .. 1551 Precious Metals (88) .. 1564 Toiletries/Cosmetics (92) .. 1009. Educational Services (97) .. 1995 *Insurance (Prop/Cas.) (66) .. 758 Precision Instrument (63) .. 111 Trucking (2) .. 318. Electrical Equipment (44) .. 1301 Internet (76) .. 2617 Public/Private Equity (22) .. 2646 Water Utility (59) .. 1779. Electric Util.

10 (Central) (60) .. 901 Investment Co. (--) .. 1203 Publishing (50) .. 2368 Wireless Networking (75) .. 584. Electric Utility (East) (65) .. 139 Investment Co.(Foreign) (--) .. 423 Railroad (1) .. 339 *Reviewed in this week's issue. Part 1 Summary & Index In three parts: This is Part 1, the Summary & Index. Part 2 is Selection & Opinion. Part 3 is Ratings & Reports. Volume LXX, No. 30. Published weekly by Value LINE PUBLISHING LLC, 485 Lexington Avenue, New York, 10017-2630. 2015 Value Line Publishing LLC. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. THE PUBLISHER. IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN.