Dear Brian and Julie, John, Laura, William and Linda,
I commend you for a great job on your research into this company. Your study hall co-ordinated a terrific team effort. We would like to thank you so very much for your participation in first TechniTrader® case study. Sincerely, Adrienne

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BROTHERS GRIMM STUDY HALL - WEEK 5 REVIEW

I agree with your overall assessment of SPW. It is worthy of a watchlist and has future potential once it completes a bottom. With its diversity, it has less impact on the solar market than if that was its primary revenue source. That being said, diversity of product line is critical during global recessions. Not all solar energy companies will survive this.

Excellent work team,
Martha
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BROTHERS GRIMM STUDY HALL - WEEK 5 ASSIGNMENT

#1. Brian and Julie
We would put this stock on our watchlist at this point. Bottom is not yet formed/cannot be determined right now and more downward action could take place. Fundamentals of the company are strong (as Laura summarized for the group), but in this environment with the economy and what is happening/will continue to happen in the market we would not buy at this time. Brian and Julie

#2. John
Still on the road but found an internet hotspot. Thank you all for picking up my slack. My research tells me that SPW is a successful company that will do well as the market turns up generally. They are so diversified that as one division lags, another may be able to carry the load. The company as a whole is doing many things right. As a "solar company", solar is a small part of their overall endeavors. They will probably not take part in or be a major part of 'moving the market' in the area of solar energy. I would put them on a watchlist to follow with the general market, but not on a solar company watchlist. John

#3. Laura
SPX(SPW) as a whole seems to be a very stable company with a good management team willing to make changes when ever needed to continue to grow and stay profitable. SPX major involvement in the solar energy sector at this time is in the assisting of other companies that harness solar energy. I do not think that SPX will be a leader in the solar energy everyday consumer product industry. SPX could be a leader in and possibly will be a leader manufacturing products to assist other companies producing solar energy. SPX(SPW) is definitely one to watch for long term. Linda

Brian and Julie, John, and Laura
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i am so sorry i missed a couple of classes i work two jobs i was leaving at 7:30 a.m. and not getting home until 2:00 a.m. the next morning. i will try to get something in tomorrow or tuesday. again i'm so sorry. but i am enjoying the class i have learned a lot thank you

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BROTHERS GRIMM STUDY HALL - WEEK 4 REVIEW

Very good work on your week 4 summary. I know keeping up with the assignments has been a challenge, but I hope you have learned a great deal and feel that it has been worth the effort.

SPW was a good study for you and you have done a wonderful job with the analysis of the prerequisites.

SPW is an older firm but reinvention can be a new opportunity for the company and it could easily align itself with a smaller firm to partner a global dominance.

SPW has been moving up steadily on its chart with a modest upward angle of ascent out of the low of Nov. Can you see this on the daily chart?

When a company shows such solid strength in a down bear market, it is something to pay attention to. Also I would call the BOP of recent months quiet accumulation. The higher lows of the sideways action indicates strengthening price patterns.
Given the current economic conditions however, a more reasonable entry would be an initial position trade.

SPW has plenty of work to do if it wants to dominate the solar energy industry in its sector.

You chose a different stock that most of the other study halls but this was a good thing. You stepped out of the box and your stock is doing fine in a bear market.

Excellent work!

Martha
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Thank you for your summary, Laura, on the 12 prerequisites for long term holds. Covered very well.

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BROTHERS GRIMM STUDY HALL - WEEK 4 ASSIGNMENT

SUMMARY:

Sorry I was late in posting anything for week 4 had some unexpected things come up but here are some of my findings and thoughts on SPX.

• SPX(SPW) chart is showing a sideways trend and I believe it is down because of the economic conditions.
• SPX(SPW) is in a company that has four operating segments: Flow Technology, Test and Measurement, Thermal Equipment & Services and Industrial Product & Services.
• SPX(SPW) institution ownership is above the 50% range at 76%.
• SPX(SPW) has reduced its total Debt/Equity and has a Current Ratio of 1.6
• SPX(SPW) edge over its competitors is that it has operations in 40 countries and sales in over 150 countries.
• SPX(SPW) has had continued revenue growth in all four segments of the company for the last two years and the EPS has also increased over the past four quarters
• SPX(SPW) is not a young company but continues to make changes such as restructuring and streamlining it companies operations
• SPX(SPW) has 49.6 million outstanding shares
• SXP(SPW) trading at this time in the $40.00 range but has been as high as $140.00 range
• SPX(SPW) Industrial Product crystal growers have increase sales 25%
• SPX(SPW) has an association as a buyer and supplier to a multitude of companies
• SPX(SPW) has a management team striving to reduce debt, improve the company processes and enhance company around the world.

In my opinion even though SPX(SPW) is an older company it is constantly changing to keep up with global needs and would be a good stock to purchase for a long term investment.

Laura
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