Fund Manager: Robert Wyckoff

*Low price-to-sales ratio relative to industry peers

*Price has declined significantly from its previous high.

Key Sell Criteria

*Stock price reaches intrinsic value.

*Becomes too large a position in the portfolio.

Biographical Notes

Robert Q. Wyckoff, Jr. is a Managing Director of Tweedy, Browne Company LLC, and has been with the firm since 1991. He previously held positions with Bessemer Trust, C.J. Lawrence, J&W;. Seligman, and Stillrock Management. He received a B.A. from Washington & Lee University, and a J.D. from the University of Florida School of Law.