The Buckingham Report

Click here for a copy of our Special Report - Finding Value in Technology Stocks.

We are now just 14 days away from the launch of our new Prudent Speculator TechValue Report.  On St. Patrick’s Day, charter subscribers will receive the inaugural issue of the new publication along with the announcement of the 25 stocks I will be buying for my new Buckingham TechValue Portfolio. Remember that just as we have always done for the existing Buckingham Portfolio in The Prudent Speculator, I will unveil the buy candidates to TechValue subscribers before I make my purchases. In this case, I will actually place my orders at the opening of trading on March 31, meaning that those who wish to follow the strategy will have two weeks advance notice.

As I said last week, there are few, if any, publications that combine technology and value investing. And just like with the famous chocolate and peanut butter candy bar, we strongly believe that the two great tastes should taste great together. Why do we think this? Well, a study of the Hotline Special recommendations made in The Prudent Speculator Hotlines since the feature debuted in September 1998 shows a 38% annualized rate of return for the 192 tech-related selections through the end of 2004, compared to annualized returns of 4.4% and 2.8% for the Nasdaq Composite and S&P 500 Indexes! Click here for a copy of our Special Report - Finding Value in Technology Stocks - to learn more about the study and our methodology.

Many Buckingham Report readers have already e-mailed regarding their interests in becoming Charter Subscribers, and early next week we will be e-mailing their discount subscription coupons to them. The regular annual subscription rate for Prudent Speculator TechValue Report is $295, but the Charter Subscription rate is $195 and the service will also include a weekly e-mail Hotline update and access to our new TechValue website, which will go live on March 17.

John Buckingham
March 3, 2005

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The information contained herein is believed to be reliable. However, such information has not been verified by us and we do not make any representations as to its accuracy or completeness. Neither the information, nor any opinion expressed, shall be construed to be or constitute an offer to sell or a solicitation of an offer to buy any securities. Opinions expressed are those of John Buckingham, which are subject to change and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Past performance is no guarantee of future results.

Previous Recommendations: Previous, successful recommendations may not be indicative of the results for all past recommendations. Certain previous recommendations have not resulted in profit, and in fact have resulted in losses. Of the 1,224 stocks recommended in The Prudent Speculator since 3/10/77 through 1/31/05, 70.92% were sold or otherwise closed at a profit or are presently in a profit position if not closed out. The average holding period for each of our recommendations has been 6.54 years and they have shown an average annualized rate of return of +20.95%, not including dividend reinvestment, advisory and trading costs or leverage. A complete list of all past recommendations is posted on our website at www.prudentspeculator.com. Each investment decision you make should be determined with reference to the specific information available for such investment, and not based upon the success of past recommendations.

Model Portfolios: The Prudent Speculator, our monthly investment advisory newsletter, reports performance results for four portfolios. All four portfolios adhere to the investment principles and philosophies as put forth by Al Frank Asset Management, Inc. ("AFAMI") and in The Prudent Speculator. There is no difference in the selection methodology among the portfolios, but each portfolio is unique, meaning that different undervalued stocks were selected over time. The portfolios may contain securities that are no longer recommended and therefore would not be part of a prospective client's account. All portfolios were selected in real-time with each purchase and sale announced in the newsletter and/or on our three-times-a-week Hotline messages. The current composition of each portfolio can be found by logging on to the subscription portion of our website at www.prudentspeculator.com. Millennium and PruFolio Portfolios are unleveraged and hypothetical. Buckingham Portfolio and TPS Portfolio are leveraged and real and if a client or subscriber does not use leverage, the client or subscriber's total returns could be materially different.

There are inherent limitations in hypothetical portfolio results as the securities are not actually purchased or sold. They may not reflect the impact, if any, that material economic and market factors might have had on our decision-making if the hypothetical portfolios were real.

While TPS Portfolio has been in existence since 1977 and has been active throughout numerous market environments, Millennium and PruFolio Portfolios have been in existence since 12/31/99 and 12/29/00 respectively. The Buckingham Portfolio is the newest model portfolio and was created in January 2003. Millennium and PruFolio Portfolios performance results calculated by unleveraged total return, not including the effects of dividend reinvestments, advisory and trading costs. PruFolio: Performance results calculated by unleveraged total return, not including the effects of dividend reinvestment, advisory and trading costs. TPS and Buckingham Portfolios performance results calculated by actual total return, including effects of margin leverage, margin interest charges and trading costs but not advisory costs.