TABLE 2. The Model Shadow Stock Portfolio
Company (Ticker) Current
Price
($)
52-Week Market-
Cap
Size
($ mil)
Price-
Earnings
Ratio
(X)
Price-to-
Book
Ratio
(X)
Dividend
Yield
(%)
Notes (See Below)
High
($)
Low
($)
BioScrip Inc. (BIOS) $8.92 $8.96 $5.13 330.8 223.0 1.51 0.0  
Bon-Ton Stores, Inc., The (BONT) $18.47 $23.22 $14.13 308.1 25.3 1.19 0.5  
Bonso Electronics Internationa (BNSO)* $4.35 $7.00 $3.40 24.3 7.8 0.71 2.3 currently qualifies
Books-A-Million, Inc. (BAMM) $9.49 $10.70 $7.02 156.8 14.8 1.14 2.1  
Carriage Services, Inc. (CSV) $5.19 $6.75 $4.76 95.8 18.5 1.00 0.0  
Cronos Group, The (CRNS) $12.36 $14.88 $8.12 91.9 7.4 1.15 2.3  
D&E Communications, Inc. (DECC)* $9.07 $13.02 $7.01 130.0 31.3 0.73 5.5 currently qualifies
Dominion Homes, Inc. (DHOM)* $9.95 $27.48 $9.80 82.0 15.3 0.41 0.0 currently qualifies
Duckwall-ALCO Stores, Inc (DUCK) $22.00 $24.50 $16.27 88.4 46.8 0.87 0.0  
ePlus Inc. (PLUS) $14.48 $17.14 $10.26 118.7 5.6 0.92 0.0  
Espey Manufacturing & Electron (ESP) $40.10 $40.90 $24.75 46.2 36.1 1.46 1.7  
Five Star Quality Care, Inc. (FVE) $7.26 $9.19 $5.60 145.2 1.53 0.0 earnings probation (2004q3)
GenTek Inc. (GETI) $16.24 $54.00 $9.51 164.7 39.6 1.81 0.0 approaching value limit
Gottschalks Inc. (GOT) $8.15 $12.45 $7.50 108.4 21.4 0.96 0.0  
Hanger Orthopedic Group (HGR) $6.33 $8.89 $4.45 137.9 18.1 0.87 0.0  
Hardinge Inc. (HDNG) $17.38 $19.00 $10.96 154.0 20.9 1.05 0.7  
IntegraMed America, Inc. (INMD) $10.92 $13.80 $5.01 55.6 34.1 1.47 0.0  
International Shipholding Corp (ISH) $15.84 $17.89 $13.60 96.4 6.7 0.68 0.0  
Lazare Kaplan Intern'l (LKI) $8.12 $12.55 $7.51 67.7 19.3 0.70 0.0 currently qualifies
Marsh Supermarkets, Inc. (MARSB) $10.71 $16.48 $10.32 84.8 26.8 0.68 0.0 currently qualifies
McRae Industries (MRINA)** $12.98 $14.20 $10.20 35.9 22.8 0.97 2.5  
Northwest Pipe Company (NWPX) $24.56 $30.78 $19.00 168.0 12.0 1.07 0.0  
Pomeroy IT Solutions, Inc. (PMRYE) $8.05 $16.37 $7.01 101.3 9.7 0.46 0.0 filing delayed
RCM Technologies, Inc. (RCMT) $5.97 $7.99 $3.96 69.1 28.4 0.93 0.0  
Rex Stores Corporation (RSC) $14.89 $18.63 $12.55 157.3 5.4 0.77 0.0 currently qualifies
Sands Regent, The (SNDS) $10.00 $19.04 $8.30 70.9 17.9 1.17 0.0  
Scheid Vineyards Inc. (SVIN) $6.85 $6.89 $5.10 35.0 22.1 0.96 0.0  
SigmaTron International (SGMA)* $9.34 $14.23 $6.15 35.1 8.9 0.76 0.0 currently qualifies
Stephan Co., The (TSC) $3.14 $5.25 $3.01 13.8 0.52 2.5  
T-3 Energy Services, Inc. (TTES) $10.42 $18.43 $6.26 110.3 16.5 1.04 0.0  
TESSCO Technologies, Inc. (TESS) $16.42 $17.69 $11.50 69.3 11.8 1.09 0.0  
Transport Corporation of Ameri (TCAM) $9.65 $10.02 $5.87 63.4 29.2 1.10 0.0  
Tufco Technologies, Inc. (TFCO) $6.60 $9.10 $5.00 30.0 24.4 0.84 0.0  
Willis Lease Finance Corp (WLFCE) $8.80 $10.84 $6.70 79.9 20.0 0.67 0.0 filing delayed
Zapata Corporation (ZAP) $6.10 $10.22 $5.80 116.7 0.69 0.0  

*company is new to the model portfolio

**Stock has deregistered with the SEC. Stock holders with less than 200 shares will be bought out at $14.25 per share.

Source: AAII's Stock Investor Pro / Reuters. Data as of 11/30/2005

Explanation of Notes

Approaching Size Limit: Stocks are sold if their market capitalization goes above 2½ times the initial maximum criterion. The current market capitalization maximum for initial screening is $200 million. Stocks are marked "approaching size limit" if their current market cap exceeds two times the initial criterion, or $400 million.

Approaching Value Limit: Stocks are sold once their price-to-book-value ratio goes above 2½ times the initial criterion. The current initial price-to-book ceiling is 0.80. Stocks are marked "approaching value limit" if their current price-to-book ratio exceeds two times the initial criterion, or 1.60.

Currently Qualifies: Stock still qualifies as a buy when the screen is run with current data. Stocks that don't currently qualify as a buy are held until they meet one of the sell rules.

Earnings Probation: If last 12 months' earnings from continuing operations are negative, the stock is put on probation; if a subsequent quarter has negative earnings prior to 12-month earnings becoming positive, the stock is sold. The date within the parentheses lists the calendar quarter during which the company first reported negative trailing 12-month earnings.