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VALUE CHECK - JUNE 30, 2009

As we approach the summer months common share prices tend to drift due to seasonal influences. In spite of this habitual occurrence, economic data should start to improve when compared to the relatively weak statistics of 2008. With the expectation of a summertime tug-of-war between bullish and bearish market factors we expect common stock prices to remain rather volatile. Accordingly, we believe excellent buying and selling opportunities will occur and that investors should be particularly alert and opportunistic during this period.


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