The Daily Workshop Report
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (February 7)

Scroll to the bottom for year-to-date Growth and Value Screen results.

This weekend marks the end of the first "month" for the Foolish Workshop. (Remember that our months extend from first Friday to first Friday.) So here's a preview of what will happen this weekend.

With today's closing prices, the books draw to a close for January's growth screen results. These prices will also determine February's opening prices.

Each of the growth screens will now start tracking two portfolios. One is the simple February monthly portfolio, which assumes that all of the stocks in the new rankings start the month with perfectly even dollar amounts. The second portfolio is really three portfolios in one at this stage. The January results will be continued in the form of the Quarterly, Bi-Annual, and Annual portfolios (which for now we'll just label as Quarterly).

To keep these distinctions straight when you're looking at the new rankings, please consult the headings and dates for each section. The dates covered by each model will be clearly labeled so you'll know precisely which set of rankings you're examining.

Please remember that once a portfolio starts (a monthly portfolio, for instance), its holdings remain fixed for the entire duration of that period, even though the current rankings get updated and are subject to change weekly. We simply post the new rankings each week for any readers who are using a different cycle than our models on the first Friday of each month.

So when you see a model portfolio holding different stocks from those in the "Current" rankings, it's just a difference in dates and holding periods. By the time we get late in the year, you probably won't even recognize the stocks being held in the Annual models because they'll be so different from the current rankings. But the only way we can get useful data to examine over different periods is to watch how the rankings and portfolios take shape over varying periods. I'll do my best to keep confusion to a minimum, however.

One final note: because of popular demand and the fact that it has a ten-year track record, I'll be adding the Formula90 screen to the Workshop as well. If you're unfamiliar with it, the introductory essay for it will explain all the details. Stay tuned.

Have a Foolish weekend!

Monthly Growth Screens
     (Jan. 3 to present)
 27.00%  Relative Strength  
 22.13%  YPEG Potential  
  9.60%  Low Price/Sales  
  5.55%  S&P 500 Index  
  4.69%  Investing for Growth  
 -8.21%  EPS Plus RS  
 -8.55%  Unemotional Growth  

Annual Value Screens
     (Jan. 1 to present)
  6.35%  Dow Jones Ind Avg  
  5.22%  Beating the S&P  
  4.84%  Dogs of the Dow  
  1.27%  Dow Combo  
  0.16%  Unemotional Value  
  0.16%  Beating the Dow  
 -2.25%  Foolish Four