DJIA 2003 4 Most Undervalued


S&P 500 EBI Portfolio - Averaged 19% Since 2003!!

DJIA 2003 4 Most Undervalued Sorted by Return
Company Name	Ticker	Price 1/1/2003	Price 12/31/2003	2003 Return	10 Year Downside Target 1/1/2003	10 Year Upside Target 1/1/2003	Price / Downside Target 1/1/2003	Expected Earnings Growth 1/1/2003	Altman Z Score 1/1/2003	Simple Intrinsic Value 1/1/2003
McDonald's Corp.	MCD	$16.08	$24.83	56.9%	$26.78	$40.28	-40.0%	1.4%	2.05	$18.87
Home Depot	HD	$24.02	$35.49	48.8%	$45.96	$88.02	-47.7%	10.9%	7.27	-
General Electric	GE	$24.35	$30.98	30.4%	$36.90	$59.70	-34.0%	8.8%	5.01	$38.78
SBC Communications Inc.	SBC	$27.11	$26.07	1.2%	$35.27	$53.11	-23.1%	4.4%	-	$76.52
** Total Portfolio Return				34.33%

** Total Portfolio Return assumes equal amounts of cash invested into each company and includes dividends.