7/27/07

Economics

Politics

Domestic

The ‘John Doe’ provisions survived:

http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20070725/NATION/70725003/1002

International War Against Radical Islam

The Market

Technical

Fundamental

News on Stocks in Our Portfolios

VF Corp (Dividend Growth Portfolio) is acquiring Seven For All Mankind, a premium denim lifestyle brand, for $300 million and lucy, a women’s lifestyle retail brand, for $57 million. They will become part of VFC’s entry into the upscale clothing market.

EPS: 2006 $4.73, 2007 $5.30, 2008 $6.05; DVD: $2.20, YLD 2.6%

http://finance.yahoo.com/q?s=VFC

Medtronic (Aggressive Growth Portfolio) is buying Kyphon, which develops devices for restoring and preserving spinal functions, for $3.9 billion.

EPS: 2006 $2.41, 2007 $2.70, 2008 $3.05; DVD: $.47, YLD .9%

http://finance.yahoo.com/q?s=MDC

Simpson Manufacturing (Aggressive Growth Portfolio) reported second quarter earnings per share of $.58 versus $.64 recorded in the comparable quarter of 2006.

EPS: 2006 $2.10, 2007 $1.75, 2008 $2.14; DVD: $.32, YLD 1.2%

http://finance.yahoo.com/q?s=SSD

Microsoft (Aggressive Growth Portfolio) is acquiring AdECN, an advertising exchange platform, for an undisclosed amount of money.

EPS: 2006 $1.20, 2007 $1.50, 2008 $1.70; DVD: $.45, YLD 1.3%

http://finance.yahoo.com/q?s=MSFT

Market Analysis

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