The Daily Workshop Report
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (July 8, 1997)  Now that we're into the second half of the year, it's about time to look at a comparison of all the different holding periods separately to see which screens have held up best in various cycles.

In our typical daily report, we only list the most aggressive holding period for the Growth screens (monthly updates) and the annual Value screens. With the idea that using Growth screens with longer holding periods would save on trading costs and perhaps benefit some investors regarding taxes, a longer holding period can sometimes work out better than a more aggressive cycle.

Here then are the year-to-date results for all four Growth Screen holding cycles, as well as our usual list for the Value screens.

Mea Culpa on this weekend's updates for the Value screens. I was so worried about making sure I updated all the Growth holding periods correctly, I completely forgot to update the rankings for the Value screens. I updated them today, using closing prices for July 7.

Monthly Growth Screens
(Jan. 3 to present)
38.04%  Relative Strength  
22.82%  S&P 500 Index  
16.17%  Low Price/Sales  
8.24%  Unemotional Growth  
5.23%  Investing for Growth  
-2.76%  EPS Plus RS  
-6.05%  YPEG Potential  
-15.10%  Formula 90  

Quarterly Growth Screens
(Jan. 3 to present)
28.08%  Relative Strength  
22.82%  S&P 500 Index  
15.20%  Low Price/Sales  
9.99%  Unemotional Growth  
2.68%  Investing for Growth  
-4.04%  Formula 90  
-5.65%  EPS Plus RS  
-17.41%  YPEG Potential  

Semi-Annual Growth Screens
(Jan. 3 to present)
23.73%  Relative Strength  
22.82%  S&P 500 Index  
14.58%  Investing for Growth  
13.41%  Low Price/Sales  
11.77%  EPS Plus RS
 9.78%  Unemotional Growth  
9.00%  YPEG Potential  
-0.95%  Formula 90  

Annual Growth Screens
(Jan. 3 to present)
25.90%  Relative Strength  
22.82%  S&P 500 Index  
16.29%  Investing for Growth  
14.62%  Low Price/Sales  
14.35%  YPEG Potential  
12.02%  Unemotional Growth  
 9.38%  EPS Plus RS  
 2.05%  Formula 90  

Annual Value Screens
(Jan. 1 to present)
23.48%  Dow Jones Ind Avg  
19.88%  Dogs of the Dow  
18.51%  Beating the S&P  
14.84%  Unemotional Value  
14.84%  Beating the Dow  
12.55%  Dow Combo  
 4.68%  Foolish Four