Table 2. Companies Passing the Muhlenkamp Screen
Company (Exchange: Ticker) Return on Equity P/E Ratio (X) Growth Rates Net Profit Margin Liabilities to Assets Description
Current (%) 5 Yr Avg (%) EPS Est 3-5 Yr (%) Hist 5 Yr Firm (%) Ind (%) Firm (%) Ind (%)
EPS (%) Sales (%)
Amerigon Incorporated (M: ARGN) 197.6 60.6 7.8 30.0 17.9 38.9 47.1 2.5 23.1 67.4 high-tech elec sys for cars
China Energy Savings Technology (M: CESV) 46.1 84.3 6.4 na 75.9 133.3 54.2 1.2 6.2 47.9 energy-saving products in China
VAALCO Energy, Inc. (A: EGY) 43.8 26.5 13.3 na 33.7 130.7 34.4 12.1 20.2 51.2 crude oil & natural gas
Seagate Technology (N: STX) 39.7 26.3 12.5 12.4 0.9 3.2 12.5 3.9 42.7 48.4 hard drives for storage
Meritage Homes Corporation (N: MTH) 35.0 31.0 6.2 11.0 41.6 42.0 8.5 3.1 56.8 60.9 single-family homes
Marine Products Corp. (N: MPX) 29.3 25.0 16.9 10.8 12.5 12.9 9.7 1.8 19.4 62.5 recreational powerboats
Apache Corporation (N: APA) 27.8 20.3 8.4 11.3 25.9 26.9 34.5 12.1 45.3 51.2 crude oil & natural gas
Asset Acceptance Capital Corp. (M: AACC) 21.9 46.6 14.1 13.9 30.1 46.9 20.3 1.2 23.0 53.3 purchases defaulted credit
Headwaters Incorporated (N: HW) 21.2 44.7 13.2 24.0 45.4 107.2 12.1 5.2 57.1 70.8 energy servs & construct mat'ls
RAIT Investment Trust (N: RAS) 17.5 15.2 11.1 14.0 5.1 23.5 91.4 15.6 40.5 65.3 real estate limited partnership
Escalade, Inc. (M: ESCA) 17.1 24.4 12.2 na 9.6 9.8 6.5 1.8 40.5 62.5 sporting goods & office prods
Hanmi Financial Corp. (M: HAFC) 17.1 14.9 15.6 na 15.5 22.4 36.0 20.1 87.5 91.3 bank holding company
TC Pipelines, LP (M: TCLP) 16.2 17.0 12.5 3.5 5.4 6.4 89.3 4.8 4.5 71.6 gas pipelines
Sigmatel, Inc. (M: SGTL) 15.0 34.8 9.2 13.8 16.9 46.9 11.0 -0.1 24.5 27.3 semiconductors
Exchange Key: M= NASDAQ National or NASDAQ Small Cap Market, N= New York Stock Exchange, A= American Stock Exchange.

Source AAII's Stock Investor Pro/Reuters Research, Inc. Data as of 3/31/2006.