Walter Ramsleys Special Situations Letter

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Walter Ramsleys Special Situations Letter
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History of the Special Situations Letter

• The Special Situations Letter (SSL) was first
  published in October, 1999. The SSL portfolio was
  steadily increasing in 2000, when the stock
  market hit its all-time high. In 2001, the market
  began to decline, with many small companies
  stocks taking hard hits.
• In spite of this, the SSL portfolio continued
  to make gains in the market. The NASDAQ composite
  fell 33 in 2001, while the SSL Portfolio rose
  60. The NASDAQ dropped another 16 in 2001. The
  SSL Portfolio continued to rise, climbing another
  52.

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Performance Record
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• In 2002, the SSL Portfolio finally suffered a
  down year as the NASDAQ hit bottom. However, it
  did not drop as much as the overall market. While
  many investors were scrambling to take their
  money out of a falling market, the SSL continued
  to invest, and in 2003 saw a 106 increase in
  earnings. Since forming the portfolio in 1999,
  the SSL has enjoyed a total gain of 617.

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Performance Record
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• Walter Ramsleys Special Situations Letter is a
  monthly publication which details innovative, new
  companies that are primed to quickly grow in the
  stock market.
• An accompanying website complements the Special
  Situations Letter it contains performance graphs
  and charts, quick updates regarding the companies
  in the Blog section, and Models, which are
  small tables that provide an overview of the
  various companies.

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Format of Special Situations Letter

• The letter begins with an editorial summary of
  the months activity

Special Situations Letter
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Here is an excerpt from an Editorial from
February, 2004
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• Next, charts and graphs map out how the companies
  in the Special Situations Letter have performed
  to date

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• Portfolio Performance tracks the Special
  Situations Letters progress by month.
• Special Situations stocks are examined, as well
  as comparisons between SSL against Dow Jones and
  NASDAQ.

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• The Statistical Summary tracks the SSL stocks
  activity in the stock market.
• Stock price, Percent change, and Earnings per
  share are examined.

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• Latest Earnings Reports highlight the revenue and
  earnings changes in the SSL companies

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Performance Record
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Performance Record

• The Performance Record shows the percentage that
  the SSL Portfolio has increased compared to the
  Dow Jones Industrial Average and the NASDAQ
  Composite.
• The stocks in the SSL Portfolio have increased
  617 since 1999, while the Dow has only increased
  3. The NASDAQ Composite remains underwater,
  having decreased by 21 during the last six years.

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e-Mail Updates

• e-Mail updates provide brief reports and analysis
  about the SSL companies.
• The updates are e-Mailed to subscribers of the
  Special Situations Letter, and can be found on
  the SSL website in the Blog section.
• e-Mail updates are also re-printed in the Special
  Situations letter for customers without e-Mail
  access.

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Here is an example of an e-Mail Update from
September, 2003
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New Recommendations

• The New Recommendations Section introduces stocks
  that the SSL has decided to invest in.
• Each report contains a detailed analysis of the
  company including historical statistics and
  financial estimates.

BUY!
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Here is an excerpt of a New Recommendation from
October, 2003
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Close Out Positions

• Close Outs are reports on companies that the SSL
  has decided to take out of its portfolio.
• Companies are not necessarily sold because they
  are failing often times they have either
  reached their target market price or they are not
  growing as rapidly as they once were.

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Here is an excerpt of a Close Out Position from
July, 2005
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Follow-up Reports

• Follow-up Reports are written to update the
  activities and significant news from all New
  Recommendations.
• Follow-up Reports normally are written once every
  three months, and cover what the company did over
  the latest quarter.
• The next four pages present a complete Follow-up
  Report (has been reformatted to fit each page).

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Here is a Complete Follow-up Report from March,
2005
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(No Transcript)
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(No Transcript)
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(No Transcript)
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The Special Situations Letter Website

• The web address is www.walruspartners.com/letter
• Every subscriber to the Special Situations Letter
  is granted access to the SSL Website.
• The Website contains archived files from the SSL,
  as well as the new Blog and Models features.

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This is the front page of the Special Situations
Letter Website
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Blog and Models Sections

• The Blog section contains all of the e-mail
  updates about all of the companies in the
  portfolio. This provides easy access to archived
  files and allows the subscriber to study
  historical information on the company.
• The Models are detailed financial models for
  each company that include categories such as
  sales, profit margin, tax rate, earnings per
  share, and other important statistical
  information. The Models contain past information,
  as well estimated earnings for the next few
  years.

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• Both the Blog and Models sections can easily be
  accessed on the front page of the SSL Website

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• The most recent New Recommendations and Follow-Up
  Reports are immediately posted on the Website for
  quick viewing.
• The reports are Downloadable, allowing them to be
  printed out.

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Subscriptions

• A Subscription to Walter Ramsleys Special
  Situations Letter includes
• The Special Situations Letter
• E-mail Updates
• Access to the SSL Website

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Subscription Rates

• A One Year Subscription is 295
• A Two Year Subscription is 495
• Monthly Subscriptions are 29.95 per month

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Trial Subscription

• A Trial Subscription Rate is available for
  First-Time Subscribers
• Three Month Trial Period for 29.95
• Two Months Free

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Contacts

• To Order the Special Situations Letter
• Phone [phone]
• 508-881-9000
• FAX [phone]
• e-Mail Ramsley_at_aol.com

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Information

• Before ordering, make sure to have this
  information ready
• Mailing Address
• Phone Number
• Credit Card Number and Expiration Date
• e-Mail address

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Ordering Information

• Order Form
• To use the order form, click on the hyperlink
  above, open the file with Microsoft Word, and
  either
• Mail it to e-Mail it
  to
• Walter Ramsley Co. Ramsley_at_aol.com
• 30 Main St.
• Ashland, MA 01721

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• For more information about the Special Situations
  Letter
• Phone [phone]
• 508-881-9000
• FAX [phone]
• e-Mail Ramsley_at_aol.com