The Daily Workshop Report
by Robert Sheard (TMF Sheard)

Value Screens
3.04%  Beating the S&P  
2.36%  Dow Jones Ind Avg  
2.25%  Dogs of the Dow  
1.74%  Unemotional Value  
1.74%  Beating the Dow  
1.66%  Dow Combo  

Growth Screens
2.96%  Relative Strength  
2.96%  Unemotional Growth  
2.78%  EPS Plus RS  
0.70%  S&P 500 Index  
-0.33%  Low Price/Sales  
-0.39%  YPEG Potential  
-0.95%  Investing for Growth  

For those of you on our AOL site, I need to make an important announcement concerning the message boards. To reflect the new emphasis on the Foolish Workshop, of which Investing for Growth will be a part instead of the reverse, the main folder where we discuss these topics (DowMan's IFG #15, I think we're up to) will be renamed "Foolish Workshop" tomorrow.

Please don't panic when your favorite folder disappears and help anyone you see roaming the hallway lost to our new location. (Actually, the location's the same. The name's been changed to protect the guilty.)

Several of you have asked about screens we've tracked in the past but that don't show up in exactly the same format in the new Workshop. When I built the area, I had two not always compatible goals in mind. The first was to provide as much useful and easily accessible information as possible in the area. The second was to do it in as streamlined a fashion as possible to keep the nightly and weekly maintenance manageable.

To that end, screens like the YPEG33 and relative strength variations of IFG we followed last year, and the annual take-off from Unemotional Growth, have all disappeared in their previous forms. But the information necessary to follow those combination strategies is still readily available in the current format.

For instance, instead of following a combination screen like the YPEG33 (which often only generates two or three stocks), I've included all the stocks ranked by YPEG potential. If you want to limit it to the stocks from that smaller original Investing for Growth field, those stocks are marked in the main database with asterisks. You can easily scan that file in seconds to see if any have a potential of at least 33%.

The same is true for the IFG with relative strength. Simply scan down the database for stocks with asterisks and eyeball their RS rankings. You'll have the IFG relative strength stocks in seconds.

And finally, perhaps the most confusing is what we've somewhat clumsily been calling the annual Unemotional Growth approach. It's not really an appropriate name, but as it grew out of the UG research, it sort of stuck. That approach is simply to take any stocks with at least a 90 for both EPS and RS and select the ones with the highest RS scores and hold for a year. Over the last decade, the approach has returned roughly 35% a year for both the five- and ten-stock variations.

But even that approach is just one of countless combinations that can eventually be tested. And since we're listing a pure Relative Strength screen and a pure EPS screen (which is the one labeled Unemotional Growth), I omitted the combination. Nevertheless, to identify those stocks is a snap. Just open the Relative Strength screen and start at the top, including any stock with an EPS score of 90 or better. You'll have the top five immediately. (If you want ten, you might have to spend a few minutes with the main database.)

So don't get discouraged if your favorite variation isn't included. It's not a commentary on its value; it just means it's probably a combination rather than a pure screen, and one which can be derived in seconds from the data already posted here. Hope you enjoy it! After we get our feet wet this first year, we can always add the most successful new screens in future years.