| TABLE 1. Stock Strategy Performance: Winners and Losers in 2002 | |||||||||||
| Strategy Value |
Total Gain (%) | Monthly Variability (%) | Monthly Holdings | ||||||||
| 2002* | 2001 | 2000 | 1999 | 1998 | Cumulative | Std. Dev. | High | Low | Avg. | % Holdover | |
| Cash Rich Firms | -10.2 | 20.1 | 40.5 | 37.1 | -3.8 | 99.9 | 7.8 | 17.6 | -20.7 | 34 | 73.6 |
| David Dreman | 6.0 | 26.4 | 38.0 | -3.0 | -1.5 | 76.6 | 5.3 | 12.6 | -15.4 | 21 | 68.4 |
| David Dreman With Est Revisions | 17.0 | -29.9 | 38.7 | 6.7 | 10.7 | 34.3 | 7.4 | 11.4 | -25.8 | 7 | 19.4 |
| Dividend Screen—DRPs | -1.9 | 38.9 | 27.7 | -1.1 | -4.1 | 65.1 | 5.5 | 15.6 | -14.2 | 29 | 73.2 |
| Dividend Screen—Non-DRPs | 27.2 | 54.7 | 16.5 | -3.6 | 0.6 | 122.3 | 4.4 | 10.5 | -13.6 | 30 | 73.3 |
| High Relative Dividend Yield | 0.6 | 24.1 | 23.3 | -2.1 | 6.3 | 60.3 | 5.1 | 12.5 | -12.0 | 36 | 77.9 |
| Dogs of the Dow | -9.3 | -1.2 | 4.1 | 5.7 | 9.8 | 8.2 | 6.2 | 16.1 | -15.5 | 10 | 92.0 |
| Dogs of the Dow—Low Priced 5 | -6.1 | 7.2 | 3.2 | -2.0 | 24.6 | 26.8 | 7.3 | 19.4 | -15.8 | 5 | 82.4 |
| Low Price-to-Free-Cash-Flow | 13.4 | 63.8 | 17.8 | 10.0 | 2.6 | 146.9 | 6.7 | 25.1 | -14.4 | 30 | 75.1 |
| Fundamental Rule of Thumb | 1.3 | 42.3 | 28.7 | 11.7 | -9.4 | 87.8 | 8.4 | 33.8 | -19.2 | 50 | 75.5 |
| Graham—Defensive Investor (Non-Utility) | 2.9 | 61.5 | 12.0 | 3.6 | 9.6 | 111.3 | 6.4 | 15.7 | -14.6 | 20 | 78.5 |
| Graham—Enterprising Investor | 48.1 | 55.3 | 24.2 | -5.0 | -7.3 | 151.5 | 7.1 | 23.4 | -18.7 | 7 | 68.3 |
| Josef Lakonishok | -1.9 | -3.5 | 36.7 | 14.8 | 7.3 | 59.4 | 6.2 | 16.6 | -13.7 | 18 | 9.2 |
| John Neff | 14.8 | 65.2 | 37.3 | 17.4 | 9.3 | 234.0 | 7.9 | 26.8 | -20.2 | 18 | 63.5 |
| O'Shaughnessy—Value | -12.2 | 10.6 | 22.3 | -3.9 | 7.2 | 22.4 | 6.3 | 15.5 | -14.0 | 49 | 78.4 |
| Joseph Piotroski | -19.1 | 100.2 | -0.9 | 27.1 | 17.9 | 140.4 | 8.8 | 25.7 | -17.2 | 7 | 79.1 |
| Low Price to Book | -4.0 | 50.2 | -22.7 | 31.1 | -9.8 | 31.7 | 10.1 | 50.2 | -18.4 | 0 | 0.0 |
| P/E Relative | 10.9 | 16.1 | 20.3 | -6.0 | 26.5 | 84.1 | 5.3 | 14.9 | -12.4 | 29 | 19.8 |
| Weiss Blue Chip Div. Yield | -10.0 | 25.6 | 18.8 | 3.9 | 3.3 | 44.2 | 6.9 | 14.3 | -14.8 | 10 | 70.3 |
| Growth & Value | |||||||||||
| Buffett—Hagstrom | -8.6 | 13.9 | 11.4 | 31.4 | 27.5 | 94.3 | 6.2 | 13.2 | -15.5 | 30 | 77.3 |
| Buffettology—EPS Growth | -11.3 | 25.7 | 5.9 | 17.7 | 4.0 | 44.6 | 6.7 | 15.0 | -20.4 | 40 | 87.6 |
| Buffettology—Sustainable Growth | -12.8 | 29.7 | 3.3 | 14.6 | 7.4 | 43.8 | 7.3 | 16.5 | -18.0 | 27 | 84.4 |
| Philip Fisher | -11.0 | 70.7 | -16.7 | 5.4 | 2.6 | 36.8 | 10.8 | 25.6 | -26.7 | 37 | 68.9 |
| Peter Lynch | -6.6 | 39.3 | 3.2 | 8.9 | 1.3 | 48.0 | 5.0 | 16.4 | -17.4 | 27 | 77.3 |
| Oberweis Octagon | -17.1 | 20.2 | 18.4 | 33.4 | 15.6 | 82.0 | 9.4 | 23.3 | -23.2 | 20 | 58.7 |
| O'Shaughnessy—Growth | 11.8 | 19.2 | 11.5 | 19.5 | 19.4 | 112.1 | 6.7 | 13.9 | -17.9 | 49 | 61.2 |
| Low Price-to-Sales | 1.3 | 43.3 | 23.3 | 21.1 | 13.2 | 145.4 | 6.5 | 14.8 | -17.8 | 28 | 57.0 |
| Stock Market Winners | 29.2 | 41.6 | 27.6 | 21.7 | -12.0 | 150.0 | 6.2 | 17.5 | -16.7 | 20 | 37.8 |
| T. Rowe Price | -13.1 | 8.4 | 35.2 | -4.5 | 1.8 | 23.9 | 7.4 | 17.0 | -18.0 | 17 | 67.4 |
| John Templeton | -32.8 | 22.0 | 20.3 | 8.1 | 16.2 | 23.9 | 7.1 | 14.3 | -18.2 | 27 | 73.4 |
| Value on the Move—PEG With Est Growth | 9.1 | 34.8 | 22.9 | 11.0 | 2.1 | 104.9 | 6.6 | 15.7 | -23.1 | 57 | 52.0 |
| Value on the Move—PEG With Hist Growth | 11.0 | 22.4 | 19.4 | 18.0 | 1.5 | 94.2 | 5.1 | 12.7 | -19.1 | 123 | 63.5 |
| Ralph Wanger | -10.3 | 21.1 | -2.8 | 3.2 | -2.4 | 6.4 | 7.7 | 22.8 | -19.8 | 27 | 70.9 |
| Martin Zweig | 18.1 | 57.9 | 46.2 | 17.1 | 54.5 | 392.9 | 9.4 | 32.7 | -24.2 | 13 | 54.4 |
| Growth | |||||||||||
| Richard Driehaus | -36.8 | -27.4 | -8.3 | 107.4 | nmf | -12.8 | 14.5 | 51.3 | -25.7 | 10 | 31.2 |
| Foolish Small Cap 8 | -21.3 | -8.6 | 24.2 | 80.9 | 17.7 | 90.1 | 10.7 | 38.8 | -22.5 | 29 | 65.2 |
| Inve$tWare Quality Growth | -25.3 | 8.0 | 18.5 | -3.0 | 14.5 | 6.3 | 6.5 | 18.2 | -22.0 | 31 | 89.3 |
| Return on Equity | -2.3 | 18.1 | 31.4 | 1.0 | 18.8 | 81.9 | 6.5 | 13.0 | -22.2 | 34 | 81.4 |
| William O'Neil's CANSLIM | 20.7 | 54.4 | 38.0 | 36.6 | 28.2 | 350.3 | 7.7 | 23.6 | -23.1 | 12 | 48.0 |
| Sector/Specialty | |||||||||||
| ADRs | -3.5 | -5.3 | 9.9 | 4.0 | 2.3 | 6.8 | 7.1 | 31.1 | -17.7 | 16 | 57.6 |
| Dual Cash Flow | -11.9 | 24.6 | 5.7 | 114.3 | 0.9 | 150.9 | 8.5 | 34.7 | -16.2 | 49 | 68.2 |
| Est Rev Down | -43.5 | 26.7 | -7.1 | 21.9 | -15.0 | -31.1 | 8.7 | 17.6 | -23.3 | 215 | 22.4 |
| Est Rev Down 5% | -60.9 | 28.3 | -4.2 | 27.8 | -3.9 | -40.9 | 10.7 | 23.6 | -23.2 | 74 | 11.0 |
| Est Rev Up | 1.5 | -3.5 | 2.2 | 38.2 | 29.9 | 79.6 | 7.1 | 12.2 | -18.6 | 154 | 18.2 |
| Est Rev Up 5% | 15.0 | -8.1 | 3.6 | 107.1 | 43.3 | 225.0 | 11.1 | 30.8 | -21.7 | 38 | 7.4 |
| Graham—Defensive Investor (Utility) | -17.3 | 5.2 | 51.4 | -8.4 | 14.6 | 38.2 | 5.3 | 12.0 | -11.0 | 19 | 83.6 |
| Insider Net Purchases | -18.0 | 21.8 | -38.3 | 7.5 | nmf | -33.7 | 10.3 | 26.7 | -19.0 | 27 | 67.4 |
| Michael Murphy Technology | -78.2 | 26.7 | -52.1 | 139.7 | 29.7 | -58.9 | 15.9 | 44.7 | -29.2 | 16 | 76.2 |
| Short % Outstanding | -34.4 | 8.3 | -31.7 | -26.9 | nmf | -64.5 | 13.6 | 33.3 | -26.2 | 25 | 82.6 |
| Short Interest Change | -34.8 | 11.6 | -51.8 | 111.1 | nmf | -26.0 | 13.4 | 34.1 | -27.4 | 25 | 23.3 |
| Short Ratio | -27.7 | 18.3 | -40.9 | 2.2 | nmf | -48.3 | 10.8 | 37.8 | -24.5 | 25 | 52.6 |
| Shadow Stocks | 2.4 | 29.2 | -10.5 | 16.8 | -4.3 | 32.3 | 6.3 | 22.2 | -17.4 | 0 | 0.0 |
| Shadow Stocks—Growth Screen | -25.5 | 65.5 | -6.2 | 0.7 | -8.8 | 6.2 | 8.0 | 20.8 | -18.5 | 8 | 53.5 |
| Shadow Stocks—Value Screen | 8.1 | 57.9 | 17.0 | 3.6 | 13.4 | 134.4 | 6.7 | 20.8 | -11.3 | 7 | 82.9 |
| Indexes | |||||||||||
| All Exchange-Listed Stocks | -12.4 | 21.2 | -14.2 | 35.1 | 5.9 | 30.3 | 7.5 | 23.9 | -20.2 | ||
| S&P 500 | -22.5 | -13.0 | -10.1 | 19.5 | 26.7 | -8.3 | 5.4 | 9.7 | -14.6 | ||
| S&P/Barra 500 Growth (incl. dividends) | -22.3 | -12.7 | -22.1 | 28.3 | 42.1 | -3.6 | 6.1 | 9.2 | -13.0 | ||
| S&P/Barra 500 Value (incl. dividends) | -20.8 | -11.7 | 6.1 | 12.7 | 14.7 | -4.1 | 5.4 | 10.4 | -16.1 | ||
| S&P MidCap 400 | -15.2 | -1.6 | 16.2 | 13.3 | 17.7 | 29.3 | 6.4 | 12.0 | -18.7 | ||
| S&P SmallCap 600 | -14.5 | 5.7 | 11.0 | 11.5 | -2.1 | 9.6 | 6.6 | 13.3 | -19.4 | ||
| Unless otherwise stated, figures do not include dividends or transactions costs. *Through 12/15/2002 | |||||||||||