aaii presentation 111111 - adrich · 2012. 5. 19. · presentation. the author and/or speaker has...
TRANSCRIPT
Stra
teg
ic I
nve
stin
g
Fre
d R
ich
ard
s
AA
II –
Las
Ve
gas
No
vem
be
r 1
1,
20
11
Dis
cla
ime
r
© S
tra
teg
ic I
nve
stin
g2
The
con
tent
of t
his
pres
enta
tion
is fo
r th
e ed
ifica
tion
of th
e au
dien
ce a
nd
has
not b
een
endo
rsed
, no
r ap
prov
ed o
f, by
any
of t
he p
erso
ns,
com
pani
es,
nor
web
site
s m
entio
ned
here
in,
or d
urin
g th
e co
urse
of t
his
pres
enta
tion.
The
aut
hor
and/
or s
peak
er h
as a
ttem
pted
to
verif
y al
l inf
orm
atio
n bu
t doe
s no
t tak
e an
y re
spon
sibi
lity
for
any
actio
n w
hich
a m
embe
r of
any
aud
ienc
e (b
oth
in p
erso
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sub
sequ
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e) m
akes
of t
he in
form
atio
n w
hich
is
pre
sent
ed h
erei
n.
Res
ults
obt
aine
d in
prio
r ye
ars
are
no g
uara
ntee
of r
esul
ts e
ither
this
yea
r or
in th
e fu
ture
.
You
an
d y
ou
alo
ne
are
resp
on
sib
le f
or
any
dec
isio
ns
you
mak
e b
ased
u
po
n t
he
info
rmat
ion
ob
tain
ed d
uri
ng
th
e co
urs
e o
f th
is p
rese
nta
tio
n.
Fre
d R
icha
rds .
No
vem
be
r 1
1,
20
11
•W
e g
rate
fully
ack
no
wle
dge
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ata
pro
vid
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by
vari
ou
s so
urc
es
in t
his
pre
sen
tati
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an
d
ha
ve id
en
tifi
ed
on
ea
ch c
ha
rt t
he
so
urc
e f
rom
wh
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th
e c
ha
rts
we
re o
bta
ine
d.
•S
pe
cia
l th
an
ks t
o M
ark
et
Ne
ws
Inte
rna
tio
na
l a
nd
Ha
ver
An
aly
tics
.
•C
urr
en
t A
gri
cult
ure
da
ta c
ou
rte
sy o
f P
roFa
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m.
Ack
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vem
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20
11
© S
tra
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Wh
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11
© S
tra
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Are
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11
© S
tra
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OR
are
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11
© S
tra
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ide
6
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11
© S
tra
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Str
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issi
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cre
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pro
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11
© S
tra
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Succ
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ajo
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con
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tha
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11
© S
tra
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Do
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are
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al-
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11
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2
INN
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© S
tra
teg
ic I
nve
stin
g8
0
•A
cc/D
ist
= A
•E
PS
>=
90
•R
S >
=9
0
•E
PS
+ R
S >
= 1
90
•C
om
po
site
Ra
tin
g >
= 9
0
•P
rice
>=
$6
•V
olu
me
> 1
00
,00
0
•To
p 5
0 I
nd
ust
ry G
rou
ps
•A
cc/D
ist
>=
B
•E
PS
>=
85
•R
S >
= 8
5
•E
PS
+ R
S >
= 1
80
•C
om
po
site
Ra
tin
g >
= 8
0
•P
rice
>=
$1
0
•V
olu
me
> 1
,00
0,0
00
•To
p 1
00
In
du
stry
Gro
up
s
No
vem
be
r 1
1,
20
11
No
vem
be
r 1
1,
20
11
© S
tra
teg
ic I
nve
stin
g8
1
Wh
ich
wa
y a
re y
ou
lo
ok
ing
?
No
vem
be
r 1
1,
20
11
© S
tra
teg
ic I
nve
stin
g8
2