INVESTMENT SELECTION PROCESS

Screen Potential Candidates
  Price-to-Book
  Price-to-Earnings
  Price- to-Cash Flows

Assess Management and its Corporate Plan
  On-site Visit
  Shareholder-Oriented

Analyze the Industry
  Prospects for Growth Real and Attainable?
  Barriers to Entry?
  Competitive Climate?

Evaluate the Candidate's Financial Strength
  Balance Sheet
  Return on Equity

Determine an Attractive Entry Point for Purchasing the Security   Fundamental Analysis
  Technical Analysis