The month since our last issue brought a great bullish advance, and many of our recommended stocks participated. But based on our measurement of fair value, we believe the market as a whole still has room to climb further, so we continue to recommend that you invest for capital appreciation, taking care as always to buy only when stocks are below their Maximum Buy Price. This month’s special feature is Undervalued Foreign Companies, presenting six strong international stocks (including three Canadian) ranging from retail to technology to resources. Lastly, please note on page 8 that three of our Model stocks, Ingersol-Rand, Deckers Outdoor and Rockwell-Collins have hit their Minimum Sell Prices.
