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Quarter 2, 2011
Bringing You the News Before it Happens The Boss Archives
 

 

World NewsThe EconomyStock ReportFirm NewsPeacock Industries

“ESTONIAN CRISIS” THREATENS WORLD PEACE


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World News

“ESTONIAN CRISIS” THREATENS WORLD PEACE

Tallinn, Estonia (geuters)- The world stands poised on the brink of armed conflict between the Russian Federation and the NATO alliance after an anti-Russian riot in Estonia last week, but hope remains that the crisis may yet be resolved short of war.  Both NATO (North Atlantic Treaty Organization) and Russian Federation forces remain on high alert on both sides of the Estonian border in a standoff between major global powers that the world has not experienced in decades, according to experts.  The crisis began one week ago when an anti-Russian protest in Estonia led to the deaths of several ethnic Russians after a small number of the ethnic Estonian protestors broke away from the main protest and attacked a group of ethnic Russians who were staging a counter-protest.  The Estonian government neither sponsored the rally nor sanctioned the attack against the ethnic Russians, and many of the perpetrators were quickly apprehended in the days after the protest by Estonian authorities who say they will be prosecuted to the fullest extent of the law.  While some extremist, nationalist Estonians want those detained freed and believe they are being wrongly prosecuted or sacrificed on the “altar of Russian hegemony,” Russian leaders, on the other hand, have demanded a full and official apology from the Estonian state, the immediate extradition of the alleged rioters to Russia to stand trial, and added security and political protections for ethnic Russians living in Estonia- a quarter of the Estonian population- including allowing them to form their own local militias and “citizen protection societies.”  The last two demands would clearly violate Estonian sovereignty and have been so far resisted by the tiny state of one-and-a-half million people.  This is the first outbreak of ethnic conflict between Russians and Estonians in Estonia since the fall of the Soviet Union in 1991.  Normally the two groups live together quite peacefully in Estonia, and the recent clash between groups and resulting deaths is due more to “hooliganism” and “criminality” than to “ethnic hatred or enmity,” according to Estonian authorities. 
Because it is a member of NATO, the United States, the United Kingdom, France, Germany, Italy, and all of the other members of the political and military alliance have rallied to Estonia’s side, deploying troops to that country and making preparations for war with Russia should events unfold in that direction.  Russia’s national military forces have also been mobilized for war and are massing on Estonia’s border and threatening to invade to secure the protection of ethnic Russians.  Russia has also cut off oil and natural gas transmission to states in the NATO alliance.  While few military experts believe that Russia can successfully mount an invasion of Estonia against the joint military forces of the NATO alliance, the major concern for all participants and the world at large is the escalation of the conflict into a larger, possibly nuclear, confrontation, something which could take the lives of tens if not hundreds of millions of people in Europe, Asia, and North America in a matter of hours.  While the diplomatic rhetoric employed by NATO and Russian leaders is worrisome and although Russian and American nuclear forces have both gone on alert, leaders in both camps maintain that the crisis can be resolved short of all out war and the use of nuclear weapons.  But the situation still remains extremely tense and according to some experts it is not necessarily close to resolution.  “Neither side so far has shown the kind of flexibility which would lead to a resolution of the stalemate and while intentions on both sides may be to avoid war and get the best deal possible for themselves in the negotiating process, with the mobilization of huge war machines and the deployment into a crisis environment of hundreds of thousands of soldiers and tensions running at fever pitch, any small spark could set off the powder keg of war,” said Niko Mincic, Professor of International Relations and US Foreign Policy.

REGIME CRACKDOWN IN IRAN CONTINUES

            Tehran, Iran (geuters)- The Iranian regime continues to struggle militarily with pockets of resistance to its rule throughout the countryside and in major urban areas in the wake of its crackdown against opposition forces and independent sources are unable to corroborate the regime’s claims that the opposition movement has been broken and that “public order in the state will soon be fully restored.”  Barely three months after the Islamic regime began to take action against “openness movement” leaders and groups, the repression of these forces seems but the first stage of continued conflict between the regime and its opposition in civil society.  Many movement leaders have gone underground to continue their struggle against the regime while others have fled the country rather than face imprisonment or even execution by a clerical regime that is behaving as if its very survival is at stake.  Although reliable information is difficult to gather on Iran’s internal civil strife, it seems that both the regime and its opponents have strong resources to draw upon in their conflict and that no early end to the “Iranian civil crisis” can be expected soon.  The regime is bolstered by the Iranian military and security forces, key pillars in its power base.  But the openness movement has the support of many people and diverse groups across Iran- students, urban workers, small entrepreneurs and business owners, members of the moderate clergy, ethnic minority groups and, increasingly, farmers and others living in rural regions of Iran.  The gathering of solid statistical data on the internal conflict is also hindered by the secrecy of the regime and the confusion in many areas in the aftermath of the crackdown.  The numbers of casualties in the conflict is a case in point.  Spokesmen for the Islamic regime, for example, have put the number of dead and injured in the low hundreds, and say that only a few thousand regime opponents or dissidents have been jailed.  “Movement” members who have been able to communicate with foreign journalists, however, put the numbers of dead in the low thousands and the numbers of those jailed, imprisoned, or unlawfully detained in the past three months in the tens of thousands.

 

Economic News

Fear erupted on a global scale as major powers flexed their economic and military muscles over the Iran situation.  Investors pulled funds out of the market sending the stock market into a nose dive.  Consumers pulled back on discretionary spending.  Firms not already seeking liquid positions moved to cut inventories and scale back production.

The EU economy took the brunt of the economic chaos as oil and gas prices spiked to new record highs.  Ordinary citizens were stockpiling food supplies as NATO went on the alert.  Troop movements on the Estonia boarder brought the Iranian conflict close to home and flamed the fears of the already anxious citizens.  The EURO fell sharply as investors moved funds into Dollars, Yen and gold.  Fear is spreading like the plague to all sectors of the EU as citizens and officials ponder what long term closure of the Russian pipelines means to their economy.  While the Russian economy would suffer the loss of petro dollars, that loss would have less immediate impact than the same action would have on the EU.  

NAFTA also felt the economic pain as demand fell in all sectors.  Investors also abandoned the dollar by selling securities and moving into gold.  However, the relative value of the Dollar to the Euro favored the Dollar with the rate ending at 1.11 Euros to the Dollar.

World Central Banks took immediate action, flooding the markets with liquidity.  The T-Bill rate fell 1/2 % and is expected to take a sharp drop next quarter as the large increase in money supplies has its full impact.


Firm and Industry News

Scent markets are in turmoil along with markets in all sectors of the economy.  Demand last quarter dropped as inventories contracted, especially at retail stores.  This quarter, inventories continued to decrease but most of the decrease in demand is due to lack of consumer purchases.

Here is the gruesome data for Q2 and estimates for Q3.  Figures measure decrease in demand from Q4, 2010 levels considering seasonal adjustments:

Q2 (actual)
NAFTA P1 down 20%;  P2 down 29%
EU         P1 down 33%;  P2 down 36%

Q3 (estimated down from Q4-2010 levels)
NAFTA  P1 down 47%;  P2 down 43%
EU          P1 down 51%;  P2 down 57%

The Q3 demand estimates are very grim.  Even if world leaders defuse the situation in Q3, demand for Q4 will fall far short of demand seen in Q4, 2010.  Some economists are suggesting a minimum of two quarters to recover after the uncertainty in the current markets is resolved.

Firms are advised to draw up a whole firm strategy to deal with the crashing markets and potential short term recovery.  Marketing should be continued in some scaled back fashion.  Production needs to be scaled back to “management’s” forecasted sales.  It is time for management not to panic but to step up to the plate for their shareholders and implement a sound short run strategy to match the rapidly changing environment.  Such strategies need to be as flexible as the dynamic political struggle taking place.


****************************
GREEN INITATIVE VOTING RESULTS: 

YES votes = 14

NO   votes = 6

Raw material type 1 prices will increase 20% beginning in quarter 3, 2011.
*****************************
LOBBY:  The US Chamber of Congress is supporting an effort that would allow the FRS to let banks (in periods of great uncertainty) draw funds from the Federal Reserve System in order to lock in low cost emergency loans for firms caught in a global financial disaster.  If passed in Congress, most central banks in developed nations would offer similar emergency financing to firms through their banking systems.  This lobby effort is intended to maintain liquidity in financial and product markets during times of great uncertainty.


Administrative Notes and Reminders to Firms:

1. Firm 86 opened a subsidiary (Firm 158) in Quarter 2, 2011. Firm 123 opened a subsidiary (Firm 107) in Quarter 2, 2011. Firm 157 opened a subsidiary (Firm 98) in Quarter 2, 2011.

2. Firms148, 164, and 168 will be fined in Quarter 3, 2011 for illegal dividends issued in Quarter 2, 2011.

3. Special Reports are available from your simulation administrator. The Special Report contains additional reporting information about ROE, ROI, Engineering Efficiencies gained through Engineering Budget expenditures, as well as average compensation for sales staff for all firms in a market group. If your firm would like to receive a Special Report you must order one from your simulation administrator, Kristi: globalview@earthlink.net Reports are updated after each quarter and historical copies of reports are not archived so if you would like to receive a copy of a Special Report for a given quarter you must order it in advance of the following quarter's deadline. The fee for the report is $2000.

 

 

 

 

Hi,
We look for 6500 P2 in A2,

If you are interested, give us our price as soon as possible.
-- 
BALLARTO GmbH Management Team,
Lebensträume mit Zukunft.

ESTA Belfort.

 

 

 


Peacock Industries (Firm 18)

Advanced Firms No Advanced Firms can buy from Peacock

Intro Firms in Market Groups 2 and 18 can buy from Peacock at the following Prices:
P1 = $85 per unit
P2 = $120 per unit

 

FIRM TO FIRM CONTRACT RECORDS

Industry  2 
          Accepter  Buyer  Seller    Item               Quantity    
              22      22    115   Finished Goods   P2A2     8680    
              28      28    115   Finished Goods   P1A2     1085    
              28      28    115   Finished Goods   P2A2     1890    
              23      23    123   Finished Goods   P1A1     1000    
              23      23    123   Finished Goods   P2A1     1000    
              23      23    161   Finished Goods   P2A1      222    
              23      23    161   Finished Goods   P2A2     6250    
              23      23    161   Finished Goods   P1A1      702    
              23      23    161   Finished Goods   P1A2     1122    
              28      28    147   Finished Goods   P1A1     1625    
              21      21    144   Finished Goods   P2A2     4000       

          Industry  5 
          Accepter  Buyer  Seller    Item               Quantity    
              55     131     55   Finished Goods   P1A1     2000    
              55     131     55   Finished Goods   P1A2     1000    
              55      81     55   Finished Goods   P1A1      800    
              55     124     55   Finished Goods   P1A1     2000    
              55     141     55   Finished Goods   P2A2     5000    
              55     141     55   Finished Goods   P1A2     2000    
              55      91     55   Finished Goods   P2A2     1000    
              55     151     55   Finished Goods   P2A2     7000    
              55      97     55   Finished Goods   P2A2     2000    
              55      97     55   Finished Goods   P2A1     2600    
              55      97     55   Finished Goods   P1A1      622    
              55      97     55   Finished Goods   P1A2      926    
              55     186     55   Finished Goods   P1A1     1700    
              55     186     55   Finished Goods   P1A2     1500    
              51     181     51   Finished Goods   P2A2     5500    
              51     181     51   Finished Goods   P2A2      500    
   

          Industry  6 
          Accepter  Buyer  Seller    Item               Quantity    
              64     131     64   Finished Goods   P2A1     2500    
              64     131     64   Finished Goods   P2A2     4500    
              61      61     51   Finished Goods   P1A2     1700    
              65      65    106   Finished Goods   P1A1     3000    
              65      65    106   Finished Goods   P1A2     1700    
              65      65    106   Finished Goods   P2A2     9800    
              65     148     65   Finished Goods   P1A1     9600    
              65     148     65   Finished Goods   P2A1     6525    
              65     148     65   Finished Goods   P1A1     5000    
              65     148     65   Finished Goods   P1A2     1600    
              65     148     65   Finished Goods   P2A2     5725    
              65     148     65   Finished Goods   P2A1    11000    
              66      21     66   Finished Goods   P2A1     2000    


          Industry  7 
          Accepter  Buyer  Seller    Item               Quantity    
              71      71    153   Finished Goods   P2A2     9800     

          Industry  8 
          Accepter  Buyer  Seller    Item               Quantity    
              86     158     86   Finished Goods   P2A2     9000    

          Industry  9 
          Accepter  Buyer  Seller    Item               Quantity    
              98      98    157   Finished Goods   P1A1    15203    
              96      71     96   Finished Goods   P1A1     2100    
              96      65     96   Finished Goods   P1A1     8500    
              96      91     96   Finished Goods   P2A1     1000    
              96      91     96   Finished Goods   P2A2     1000    
              96      97     96   Finished Goods   P2A2     7500    
              96      97     96   Finished Goods   P2A1      800    
              96     183     96   Finished Goods   P1A1     1000    
              96     183     96   Finished Goods   P2A1     2000    
              96      24     96   Finished Goods   P2A2     3000    


          Industry  10 
          Accepter  Buyer  Seller    Item               Quantity    
             103     133    103   Finished Goods   P2A1     5000    
             103     133    103   Finished Goods   P2A2     5000    

          Industry  11 
          Accepter  Buyer  Seller    Item               Quantity    
             113     113    147   Finished Goods   P2A2     4000    
             111     111     51   Finished Goods   P2A2     5000    
             111     111     96   Finished Goods   P1A1     3000  
             113      24    113   Finished Goods   P1A2     2300    
             113      24    113   Finished Goods   P1A2     1700    
             113      22    113   Finished Goods   P1A2     1462    
             113      22    113   Finished Goods   P1A2     1255    
             113     185    113   Finished Goods   P1A2     2000    
             113     185    113   Finished Goods   P1A2     3000    
             113      24    113   Finished Goods   P1A2      500    
             113      24    113   Finished Goods   P1A2     1000    
             113     184    113   Finished Goods   P1A2     2000    
             113      26    113   Finished Goods   P1A2     1923    
             113      26    113   Finished Goods   P1A2     1571    
             111      24    111   Finished Goods   P2A2     6000    
             111     183    111   Finished Goods   P1A1      500    
             111     187    111   Finished Goods   P2A2     2000      

          Industry  12 
          Accepter  Buyer  Seller    Item               Quantity    
             123     113    123   Finished Goods   P2A2     3000    
             128     128     55   Finished Goods   P2A1     2500    
             128     128     55   Finished Goods   P2A2     6000    
             125     125     64   Finished Goods   P2A2     3000    
             123     107    123   Finished Goods   P1A1      500    
             123     107    123   Finished Goods   P1A2     1000    
             123     107    123   Finished Goods   P2A2     1500    

          Industry  13 
          Accepter  Buyer  Seller    Item               Quantity    
             137     113    137   Finished Goods   P2A2     5000    
             131     131    113   Finished Goods   P2A2     2000    
             135     107    135   Finished Goods   P2A1     2500    
             135     107    135   Finished Goods   P2A1     6000  
             133     183    133   Finished Goods   P1A2      500    
  

          Industry  14 
          Accepter  Buyer  Seller    Item               Quantity    
             147     111    147   Finished Goods   P2A2     4000    
             147     124    147   Finished Goods   P2A1     1000    
             147      67    147   Finished Goods   P1A1     1285    
             147      67    147   Finished Goods   P2A1     2000    
             147      67    147   Finished Goods   P1A2      786    
             147      67    147   Finished Goods   P2A2     2100    
             147      67    147   Finished Goods   P2A1     3000    
             147     128    147   Finished Goods   P1A1      775    
             147     107    147   Finished Goods   P1A1      900    
             143     143    103   Finished Goods   P2A2     3000   
             147      24    147   Finished Goods   P2A1     2400    
             144     187    144   Finished Goods   P2A2     1500    
             147      27    147   Finished Goods   P1A1     2273    
             144     188    144   Finished Goods   P2A1     7100    
             147      21    147   Finished Goods   P1A1      500    
             147      21    147   Finished Goods   P2A1     3000    
             146     182    146   Finished Goods   P1A1     3500    
             146     182    146   Finished Goods   P1A2     1000    
             146     188    146   Finished Goods   P1A1     1950    
             146     188    146   Finished Goods   P1A2     1680    
             144     187    144   Finished Goods   P2A1     7500    
 

          Industry  15 
          Accepter  Buyer  Seller    Item               Quantity    
             153     124    153   Finished Goods   P2A2     5000    
             153     124    153   Finished Goods   P2A1     1000    
             153     168    153   Finished Goods   P2A1     2000    

          Industry  16 
          Accepter  Buyer  Seller    Item               Quantity    
             161      71    161   Finished Goods   P1A1     4000 
             161     185    161   Finished Goods   P2A2     2000    
             161      21    161   Finished Goods   P1A2     1000    
             161     182    161   Finished Goods   P2A1     6000    
             161     182    161   Finished Goods   P2A2     6300    
             161     186    161   Finished Goods   P2A2     1500    

          Industry  17 
          Accepter  Buyer  Seller    Item               Quantity    
             171     111    171   Finished Goods   P1A1     2100    

          Industry  18 
          Accepter  Buyer  Seller    Item               Quantity    
             187     187    113   Finished Goods   P1A2     2200    
             187     187    113   Finished Goods   P1A2     2400    
             184     184    144   Finished Goods   P2A1     2000    
             184     184    144   Finished Goods   P2A2    10000    
             187      61    187   Finished Goods   P2A2     6050    
             187     187    144   Finished Goods   P2A1      500    
             187      61    187   Finished Goods   P2A2     3950    
             183     183    176   Finished Goods   P2A1      500    
             188     107    188   Finished Goods   P1A1     1500    
             188     107    188   Finished Goods   P1A2     1600    
             187     187    133   Finished Goods   P2A2     2000    
             187     187     66   Finished Goods   P2A2     6000    
             188     188    144   Finished Goods   P1A1     1950    
             188     188    144   Finished Goods   P1A2     1680    
             188     188    144   Finished Goods   P2A1     1750    

 


The Stock Report

Advanced Firm NPV Rankings
Intro Firm NPV Rankings

Advanced Firm NPV Rankings

List of firms in order of net present value 

             Stock No.    NPV    Index  
               147        8.69      1   
                65        7.93      2   
                55        7.52      3   
               154        5.10      4   
               128        4.69      5   
                71        4.58      6   
                97        4.19      7   
               115        4.04      8   
               131        4.00      9   
               104        3.78     10   
                66        3.72     11   
               132        3.49     12   
               123        3.49     13   
               145        3.36     14   
                56        3.21     15   
                67        3.14     16   
               157        3.14     17   
               111        3.02     18   
               113        2.50     19   
               106        2.44     20   
                64        2.29     21   
               172        2.28     22   
               122        2.25     23   
               143        2.22     24   
                54        2.20     25   
               101        2.02     26   
                91        1.89     27   
               103        1.79     28   
               135        1.76     29   
               155        1.75     30   
               173        1.66     31   
               116        1.66     32   
               174        1.57     33   
               114        1.34     34   
                86        1.30     35   
               162        1.16     36   
               153        1.08     37   
               163        1.07     38   
               112        0.88     39   
               127        0.88     40   
               171        0.83     41   
                62        0.81     42   
               177        0.80     43   
                61        0.79     44   
                94        0.79     45   
               141        0.67     46   
                51        0.64     47   
               168        0.45     48   
               134        0.45     49   
               151        0.42     50  
               105        0.42     51   
                87        0.35     52   
               102        0.32     53   
                57        0.31     54   
               126        0.24     55   
                82        0.22     56   
                83        0.11     57   
               125        0.00     58   
                95       -0.01     59   
               176       -0.02     60   
               133       -0.03     61   
               156       -0.09     62   
               121       -0.11     63   
                93       -0.13     64   
               167       -0.14     65   
                81       -0.22     66   
               144       -0.24     67   
               158       -0.28     68   
               175       -0.30     69   
                72       -0.30     70   
                73       -0.35     71   
               166       -0.46     72   
               146       -0.63     73   
                53       -0.64     74   
                92       -0.71     75   
               137       -0.77     76   
                75       -0.92     77   
                74       -0.94     78   
               161       -1.03     79   
                96       -1.04     80   
               124       -1.10     81   
                88       -1.14     82   
               107       -1.24     83   
                76       -1.26     84   
               164       -1.31     85   
               152       -1.61     86   
                98       -1.71     87   
               142       -1.83     88   
                84       -1.92     89   
                52       -1.93     90   
               136       -1.96     91   
               148       -2.03     92   
               165       -2.03     93   
                85       -2.19     94   
                63       -2.24     95   

Stock  
Number                  D  a  t  e  s
        20094  20101  20102  20103  20104  20111  20112 
=====  =====  =====  =====  =====  =====  =====  =====  
   51    3.17   3.36   3.66   3.93   4.40   4.48   4.29 
   52    2.93   2.33   1.16   0.83   1.15   1.52   1.54 
   53    2.96   3.36   2.44   2.06   2.81   3.28   3.49 
   54    3.20   3.62   4.10   4.49   5.92   6.89   6.53 
   55    3.39   4.51   5.73   7.07   8.96   9.74   9.18 
   56    4.16   5.80   7.21   6.96   8.60   9.13   8.28 
   57    0.00   0.00   0.00   0.00   3.64   3.84   4.36 
   61    3.95   4.44   4.69   5.01   6.02   6.44   6.23 
   62    2.97   2.76   2.79   3.13   4.93   5.31   5.63 
   63    2.98   1.45   0.88   0.38   1.11   1.27   0.96 
   64    2.81   3.43   3.89   4.36   5.26   5.97   6.16 
   65    4.46   5.97   7.59   9.25   9.25  11.14  12.56 
   66    3.84   5.63   6.92   8.01   8.19   8.83   8.49 
   67    0.00   0.00   0.00   0.00   4.18   6.43   6.55 
   71    3.44   4.05   5.01   6.27  11.49  11.34  11.15 
   72    2.80   3.00   2.40   2.32   3.14   3.45   3.61 
   73    3.03   3.13   2.33   2.86   3.25   3.71   3.56 
   74    3.23   2.69   2.65   2.23   2.66   3.41   3.17 
   75    3.45   3.23   3.29   3.72   2.36   3.03   3.47 
   76    3.76   2.70   2.75   2.88   3.10   3.28   3.19 
   81    3.67   3.41   3.83   4.05   4.31   4.42   4.41 
   82    3.18   3.68   3.48   2.94   4.32   5.11   4.71 
   83    3.28   3.61   4.07   3.86   3.87   4.50   4.71 
   84    2.99   2.40   2.01   1.60   1.37   1.36   0.92 
   85    0.00   0.00   3.71   1.50   0.35   0.23   1.27 
   86    2.78   2.94   3.30   3.59   4.41   4.36   4.06 
   87    0.00   0.00   0.00   3.75   3.63   4.54   4.75 
   88    0.00   0.00   0.00   0.00   3.53   2.56   2.64 
   91    4.11   4.60   5.07   5.39   6.95   7.96   7.87 
   92    2.83   2.51   1.78   2.02   2.88   3.12   2.57 
   93    0.00   0.00   0.00   3.00   3.10   3.18   3.32 
   94    2.70   2.37   2.66   2.87   3.60   4.64   4.56 
   95    3.08   3.15   2.96   3.07   4.34   3.70   3.59 
   96    0.00   3.09   3.03   1.91   2.01   2.54   2.90 
   97    0.00   0.00   0.00   0.00   4.42   6.36   7.97 
   98    0.00   0.00   0.00   0.00   0.00   3.46   1.84 
  101    2.71   4.52   5.09   5.26   5.65   6.24   5.88 
  102    3.93   4.02   3.14   3.52   4.73   6.20   5.97 
  103    2.87   2.92   2.83   3.04   3.79   5.05   4.59 
  104    3.03   2.37   2.22   3.50   6.53   9.18   9.93 
  105    2.83   2.31   3.05   3.38   4.96   3.39   2.83 
  106    3.18   3.86   4.37   4.53   4.89   5.22   4.39 
  107    0.00   0.00   0.00   0.00   0.00   3.39   2.26 
  111    3.63   4.71   5.24   5.70   9.02   9.29   8.53 
  112    2.99   2.21   3.01   3.32   4.83   6.12   5.17 
  113    3.95   5.68   5.20   5.19   4.99   5.79   5.92 
  114    2.98   3.21   3.72   2.91   3.20   7.15   7.71 
  115    3.40   4.03   4.67   4.72   6.11   8.18   8.10 
  116    3.16   3.62   3.96   4.31   5.85   5.62   6.39 
  121    3.00   2.96   2.93   2.45   3.44   4.31   4.32 
  122    2.55   2.61   2.98   3.03   3.89   4.52   4.55 
  123    3.57   5.93   3.93   4.41   6.67   8.35   8.27 
  124    4.36   1.69   0.87   0.74   4.34   5.68   5.88 
  125    3.11   2.79   3.00   3.09   3.64   4.63   4.23 
  126    2.79   2.68   2.78   2.95   3.67   4.17   4.39 
  127    0.00   0.00   0.00   2.57   2.86   3.90   3.99 
  128    0.00   0.00   0.00   0.00   4.15   6.80   8.22 
  131    3.50   6.83   7.85   8.91   9.22   9.61   9.64 
  132    2.91   3.06   3.73   4.42   6.45   8.26   8.67 
  133    3.52   3.50   4.19   3.83   5.61   3.86   4.05 
  134    2.87   3.66   4.10   3.70   4.03   4.19   4.25 
  135    2.93   2.73   3.26   3.52   5.33   6.24   6.29 
  136    0.00   0.00   0.00   0.00   3.02   1.28   0.64 
  137    3.14   2.99   3.02   2.29   2.74   3.47   3.40 
  141    2.63   3.25   3.00   2.87   3.89   4.41   3.94 
  142    2.83   2.44   1.41   1.25   1.24   1.31   1.19 
  143    3.16   3.25   3.80   4.56   6.24   8.16   8.13 
  144    2.69   3.03   2.21   2.29   3.15   2.34   2.45 
  145    3.03   3.68   4.35   4.63   6.23   7.67   7.66 
  146    0.00   0.00   0.00   0.00   3.86   3.49   3.56 
  147    3.31   4.99   5.38   6.30   8.52  11.52  12.07 
  148    0.00   0.00   0.00   0.00   3.75   3.43   1.40 
  151    3.05   2.80   2.85   3.10   4.08   4.96   5.32 
  152    2.80   2.38   1.29   1.17   1.46   1.36   1.16 
  153    3.84   4.52   3.46   3.80   4.33   4.73   4.49 
  154    4.10   3.85   3.87   4.74   9.22  10.71  10.01 
  155    4.30   4.70   4.18   4.46   7.75   9.95   8.28 
  156    0.00   0.00   0.00   0.00   2.98   2.84   3.19 
  157    2.49   2.56   2.99   3.39   5.01   6.20   6.39 
  158    0.00   0.00   0.00   0.00   0.00   3.23   3.10 
  161    3.42   3.28   3.38   2.39   2.61   3.28   3.73 
  162    3.07   3.23   3.88   4.48   5.46   5.67   5.54 
  163    3.03   2.53   2.80   2.62   3.52   4.78   5.31 
  164    3.01   2.64   2.21   1.58   1.67   2.13   2.01 
  165    3.67   2.22   1.65   2.18   1.67   1.77   1.69 
  166    0.00   0.00   0.00   0.00   2.70   2.56   2.47 
  167    2.49   2.07   2.27   2.31   2.73   3.11   3.23 
  168    0.00   0.00   0.00   4.02   3.71   4.25   4.31 
  171    2.85   2.62   2.92   2.59   3.85   5.04   5.18 
  172    3.04   6.11   4.34   5.07   6.01   6.59   6.62 
  173    2.84   2.72   2.04   2.43   3.88   5.41   5.27 
  174    4.22   1.96   1.34   0.99   8.77  10.25   9.46 
  175    3.49   2.78   2.18   3.08   3.95   4.40   4.57 
  176    0.00   0.00   0.00   0.00   3.42   3.84   3.75 
  177    0.00   0.00   0.00   0.00   3.20   4.16   4.41 


  Mkt    3.24   3.38   3.41   3.59   4.52   5.14   5.08 

TBill  0.0200 0.0175 0.0175 0.0175 0.0175 0.0175 0.0162 


          Stock        Shares        Closing                 
         Number        Traded         Price           Change 
         ======      ========        =======         ========
            51              0          4.29           -0.19  
            52              0          1.54            0.02  
            53              0          3.49            0.21  
            54              0          6.53           -0.36  
            55              0          9.18           -0.56  
            56              0          8.28           -0.85  
            57              0          4.36            0.52  
            61              0          6.23           -0.21  
            62              0          5.63            0.32  
            63              0          0.96           -0.31  
            64              0          6.16            0.19  
            65              0         12.56            1.42  
            66              0          8.49           -0.34  
            67              0          6.55            0.12  
            71              0         11.15           -0.19  
            72              0          3.61            0.16  
            73              0          3.56           -0.15  
            74              0          3.17           -0.24  
            75              0          3.47            0.44  
            76              0          3.19           -0.09  
            81              0          4.41           -0.01  
            82              0          4.71           -0.40  
            83              0          4.71            0.21  
            84              0          0.92           -0.44  
            85              0          1.27            1.04  
            86              0          4.06           -0.30  
            87              0          4.75            0.21  
            88              0          2.64            0.08  
            91              0          7.87           -0.09  
            92              0          2.57           -0.55  
            93              0          3.32            0.14  
            94              0          4.56           -0.08  
            95              0          3.59           -0.11  
            96              0          2.90            0.36  
            97              0          7.97            1.61  
            98              0          1.84           -1.62  
           101              0          5.88           -0.36  
           102              0          5.97           -0.23  
           103              0          4.59           -0.46  
           104              0          9.93            0.75  
           105              0          2.83           -0.56  
           106              0          4.39           -0.83  
           107              0          2.26           -1.13  
           111              0          8.53           -0.76  
           112              0          5.17           -0.95  
           113              0          5.92            0.13  
           114              0          7.71            0.56  
           115              0          8.10           -0.08  
           116              0          6.39            0.77  
           121              0          4.32            0.01  
           122              0          4.55            0.03  
           123              0          8.27           -0.08  
           124              0          5.88            0.20  
           125              0          4.23           -0.40  
           126              0          4.39            0.22  
           127              0          3.99            0.09  
           128              0          8.22            1.42  
           131              0          9.64            0.03  
           132              0          8.67            0.41  
           133              0          4.05            0.19  
           134              0          4.25            0.06  
           135              0          6.29            0.05  
           136              0          0.64           -0.64  
           137              0          3.40           -0.07  
           141              0          3.94           -0.47  
           142              0          1.19           -0.12  
           143              0          8.13           -0.03  
           144              0          2.45            0.11  
           145              0          7.66           -0.01  
           146              0          3.56            0.07  
           147              0         12.07            0.55  
           148              0          1.40           -2.03  
           151              0          5.32            0.36  
           152              0          1.16           -0.20  
           153              0          4.49           -0.24  
           154              0         10.01           -0.70  
           155              0          8.28           -1.67  
           156              0          3.19            0.35  
           157              0          6.39            0.19  
           158              0          3.10           -0.13  
           161              0          3.73            0.45  
           162              0          5.54           -0.13  
           163              0          5.31            0.53  
           164              0          2.01           -0.12  
           165              0          1.69           -0.08  
           166              0          2.47           -0.09  
           167              0          3.23            0.12  
           168              0          4.31            0.06  
           171              0          5.18            0.14  
           172              0          6.62            0.03  
           173              0          5.27           -0.14  
           174              0          9.46           -0.79  
           175              0          4.57            0.17  
           176              0          3.75           -0.09  
           177              0          4.41            0.25  


           Mkt              0          5.08           -0.06  
 
Intro Firm NPV Rankings
List of firms in order of net present value 

             Stock No.    NPV    Index  
               187       10.69      1   
               185        6.48      2   
               188        5.86      3   
                24        4.50      4   
                28        4.32      5   
                26        4.09      6   
               184        3.91      7   
                25        3.91      8   
               182        3.73      9   
                27        3.66     10   
                22        3.52     11   
                23        3.09     12   
               181        2.72     13   
                21        2.68     14   
               183        2.02     15   
               186        1.73     16   

Stock  
Number                  D  a  t  e  s
        20101  20102  20103  20104  20111  20112 
=====  =====  =====  =====  =====  =====  =====  
   21    3.65   3.90   3.58   5.78   8.40   9.34 
   22    3.32   3.47   4.71   6.84   9.66   8.54 
   23    3.32   3.52   4.32   5.74   8.15   9.19 
   24    3.45   4.03   4.57   7.78  10.47  11.22 
   25    3.31   3.51   4.54   8.39   8.04   9.79 
   26    3.45   3.60   4.39   9.43  10.26  10.22 
   27    3.74   4.19   3.45   7.08   9.83   8.31 
   28    3.09   3.27   3.90   7.90   9.57   8.45 
  181    4.22   4.64   5.55   8.99   9.91   8.71 
  182    2.93   3.12   4.14   7.29   8.60   8.44 
  183    3.35   3.48   4.04   5.12   6.05   6.64 
  184    3.65   4.05   4.91   8.34   9.84   9.31 
  185    3.42   3.69   4.51   9.11  10.87  11.45 
  186    2.89   3.10   2.86   4.68   6.12   6.70 
  187    3.92   4.28   6.19  13.05  19.84  19.78 
  188    3.94   5.05   5.11   9.89  13.94  15.32 


  Mkt    3.48   3.81   4.42   7.84   9.97  10.09 
TBill  0.0200 0.0175 0.0175 0.0175 0.0175 0.0162 


          Stock        Shares        Closing                 
         Number        Traded         Price           Change 
         ======      ========        =======         ========
            21              0          9.34            0.94  
            22              0          8.54           -1.12  
            23              0          9.19            1.04  
            24              0         11.22            0.75  
            25              0          9.79            1.75  
            26              0         10.22           -0.04  
            27              0          8.31           -1.52  
            28              0          8.45           -1.12  
           181              0          8.71           -1.20  
           182              0          8.44           -0.16  
           183              0          6.64            0.59  
           184              0          9.31           -0.53  
           185              0         11.45            0.58  
           186              0          6.70            0.58  
           187              0         19.78           -0.06  
           188              0         15.32            1.38