\u00a9 2005, Value Line Publishing, Inc. All rights reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. THE PUBLISHER IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN. This publication is strictly for subscriber's own, non-commercial, internal use. No part of it may be reproduced, resold, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product.
As you read the following pages, please refer to the sample report on Johnson & Johnson that appears on page 21 of this workbook. The report is dated March 4, 2005. You can find the date in the lower right hand corner next to the analyst\u2019s name. You will be asked to answer questions or complete statements. Whenever you see a blank line, please fill it in. Each blank line has a notation that corresponds to the correct responses shown at the end, on page 22. To analyze your performance, go to page 23. You may need a calculator to find some of the answers.
This workbook has been designed primarily to help novice and
intermediate investors understand the Value Line approach
to evaluating companies. It contains information that
Value Line thinks is most important for learning
the investment process.
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