Monthly Index January 2016

Released Date January January
Research (Price dt is  6-12 Mth Dec-15 Jan-15 Return Russell 2000
Company Ticker Call one day before) Target Price Price Performance Performance
Aceto Corp. ACET Buy 11/22/11 $ 34.00 $ 26.98 $ 22.85 -15.31% -8.85%
Acme United Corp. ACU Buy 09/29/04 $ 20.00 $ 17.40 $ 13.85 -20.40% -8.85%
A-Mark Precious Metals AMRK Buy 12/28/15 $ 23.00 $ 18.85 $ 16.93 -10.19% -8.85%
Astro-Med ALOT Buy 06/08/15 $ 23.00 $ 14.45 $ 15.69 8.58% -8.85%
Atlas Financial AFH Buy 10/24/13 $ 24.00 $ 19.90 $ 17.42 -12.46% -8.85%
Avid Technology AVID Buy 12/23/15 $ 8.50 $ 7.29 $ 7.10 -2.61% -8.85%
Balchem BCPC Buy 04/01/15 $ 72.00 $ 60.80 $ 56.14 -7.66% -8.85%
Cambrex CBM Buy 05/29/15 $ 63.00 $ 47.09 $ 34.64 -26.44% -8.85%
Century Casinos CNTY Buy 11/24/15 $ 9.25 $ 7.78 $ 6.76 -13.11% -8.85%
Cooper-Standard CPS Buy 07/13/15 $ 91.00 $ 77.59 $ 69.26 -10.74% -8.85%
Core Molding Technologies CMT Buy 12/08/14 $ 20.00 $ 12.83 $ 10.83 -15.59% -8.85%
Flexsteel FLXS Buy 01/17/14 $ 50.00 $ 44.18 $ 43.62 -1.27% -8.85%
Global Ship Lease GSL Buy 08/30/13 $ 7.00 $ 3.17 $ 1.75 -44.79% -10.70%
Gray Television GTN Buy 12/07/15 $ 22.00 $ 16.30 $ 13.15 -19.33% -8.85%
Harte-Hanks HHS Buy 12/08/15 $ 5.00 $ 3.24 $ 3.42 5.56% -8.85%
Haynes International HAYN Buy 09/29/15 $ 48.00 $ 36.69 $ 32.00 -12.78% -8.85%
Innospec IOSP Buy 04/30/15 $ 60.00 $ 54.31 $ 49.85 -8.21% -8.85%
IntelGenx IGXT Buy 04/15/15 $ 1.40 $ 0.52 $ 0.48 -7.69% -8.85%
INTL FCStone INTL Buy 05/27/11 $ 39.00 $ 33.46 $ 28.19 -15.75% -8.85%
IRIDEX Corp. IRIX Buy 01/26/16 $ 11.50 $ 9.00 $ 9.63 7.00% 3.81%
JMP Group JMP Buy 12/08/14 $ 9.00 $ 5.46 $ 5.51 0.92% -8.85%
Kulicke & Soffa KLIC Buy 07/09/15 $ 16.50 $ 11.67 $ 10.12 -13.28% -8.85%
Magic Software MGIC Buy 04/28/15 $ 13.50 $ 5.53 $ 5.68 2.71% -8.85%
Newtek Business Services NEWT Buy 03/27/13 $ 22.00 $ 14.32 $ 10.66 -25.56% -8.85%
Nova Measuring Instruments NVMI Buy 05/09/12 $ 16.00 $ 9.80 $ 9.24 -5.71% -8.85%
Reed’s REED Buy 10/23/13 $ 9.50 $ 5.38 $ 4.75 -11.71% -8.85%
REX American Resources REX Buy 12/04/14 $ 67.50 $ 54.07 $ 53.43 -1.18% -8.85%
Salem Communications SALM Buy 02/24/14 $ 8.00 $ 4.98 $ 3.89 -21.89% -8.85%
Seabridge Gold SA Buy 07/21/09 $ 14.00 $ 8.29 $ 6.45 -22.20% -8.85%
Sparton Corp SPA Buy 07/16/13 $ 30.00 $ 19.99 $ 17.14 -14.26% -8.85%
Stamps.com STMP Buy 10/19/15 $  116.00 $ 109.61 $ 93.82 -14.41% -8.85%
Trecora TREC Buy 09/01/11 $ 19.00 $ 12.39 $ 10.52 -15.09% -8.85%
VASCO Data VDSI Buy 05/28/15 $ 36.00 $ 16.73 $ 15.50 -7.35% -8.85%
Total (Average) -11.28% -8.52%
January Performance -11.28% -8.85%
February Performance
March Performance
April Performance
May Performance
June Performance
July Performance
August Performance
September Performance
October Performance
November Performance
December Performance
Year to Date Performance -11.28% -8.85%
(1) Adjusted for dividends

Monthly Index April 2015

Company Ticker Research
Call
Released Date
(Price dt is one day before)
6-12 Mth
Target
Mar-15
Price
Apr-15
Price
April Return
Performance
April Russell 2000
Performance
Aceto Corp. ACET Buy 11/22/11 $ 27.00 $ 21.98 $ 19.38 -11.83% -1.07%
Acme United Corp. ACU Buy 09/29/04 $ 21.00 $ 18.27 $ 18.46 1.04% -1.07%
American Electric Technologies AETI Buy 08/27/14 $ 7.50 $ 4.20 $ 5.39 28.33% -1.07%
Argan, Inc AGX BUY 10/21/14 $ 41.00 $ 36.17 $ 32.31 -10.67% -1.07%
Atlas Financial AFH Buy 10/24/13 $ 19.00 $ 17.69 $ 18.45 4.30% -1.07%
Aviat Networks AVNW Buy – V 04/29/14 $ 2.10 $ 1.18 $ 1.14 -3.39% -1.07%
Balchem BCPC Buy 04/01/15 $ 80.00 $ 55.38 $ 52.42 -5.34% -1.07%
Black Box BBOX Buy 08/08/14 $ 29.00 $ 20.84 $ 19.90 -4.51% -1.07%
Checkpoint Systems CKP Buy 09/22/14 $ 18.00 $ 10.82 $ 10.36 -4.25% -1.07%
Comstock Mining LODE Buy 04/22/14 $ 2.25 $ 0.61 $ 0.76 24.75% -1.07%
Core Molding Technologies CMT Buy 12/08/14 $ 17.00 $ 17.17 $ 21.88 27.43% -1.07%
Edgewater EDGW Buy 09/18/14 $ 9.00 $ 6.81 $ 7.05 3.52% -1.07%
Female Health Company FHCO Buy 12/10/14 $ 7.50 $ 2.77 $ 2.92 5.42% -1.07%
Flexsteel FLXS Buy 01/17/14 $ 42.50 $ 31.15 $ 36.01 15.60% -1.07%
Global Ship Lease GSL Buy 08/30/13 $ 6.30 $ 5.42 $ 5.34 -1.48% -1.07%
GSI Group GSIG Buy 01/09/12 $ 16.00 $ 13.37 $ 13.28 -0.67% -1.07%
IntelGenx IGXT Buy 04/15/15 $ 1.50 $ 0.72 $ 0.69 -3.50% -3.57%
INTL FCStone INTL Buy 05/27/11 $ 29.00 $ 29.75 $ 32.10 7.90% -1.07%
JMP Group JMP Buy 12/08/14 $ 11.00 $ 8.36 $ 7.70 -7.89% -1.07%
KMG Chemicals KMG Buy 12/27/15 $ 34.00 $ 26.73 $ 29.28 9.54% -1.07%
LSB Industries LXU Buy 09/28/12 $ 45.00 $ 41.33 $ 42.41 2.61% -1.07%
Magic Software MGIC Buy 04/28/15 $ 13.50 $ 6.47 $ 6.42 -0.77% -2.60%
Newtek Business Services NEWT Buy 03/27/13 $ 20.00 $ 16.53 $ 17.04 3.09% -1.07%
NN, Inc. NNBR Buy 07/20/12 $ 37.00 $ 25.10 $ 25.16 0.24% -1.07%
Nova Measuring Instruments NVMI Buy 05/09/12 $ 14.00 $ 11.44 $ 11.03 -3.58% -1.07%
Reed’s REED Buy 10/23/13 $ 9.50 $ 5.61 $ 5.12 -8.82% -1.07%
REX American Resources REX Buy 12/04/14 $  105.00 $ 60.81 $ 63.22 3.96% -1.07%
Salem Communications SALM Buy 02/24/14 $ 12.00 $ 6.18 $ 4.88 -21.04% -1.07%
Seabridge Gold SA Buy 07/21/09 $ 14.00 $ 5.49 $ 6.34 15.48% -1.07%
Sparton Corp SPA Buy 07/16/13 $ 33.00 $ 24.50 $ 25.77 5.18% -1.07%
Supercom SPCB Buy 03/31/15 $ 13.25 $ 8.43 $ 12.16 44.25% -1.07%
TESSCO Technologies TESS Buy 12/31/12 $ 35.00 $ 24.72 $ 25.27 2.22% -1.07%
Trecora TREC Buy 09/01/11 $ 19.00 $ 12.20 $ 12.00 -1.64% -1.07%
Vertex Energy VTNR Buy 07/22/13 $ 5.00 $ 3.70 $ 2.16 -41.62% -1.07%
Viad Corp. VVI Buy 08/01/13 $ 33.00 $ 27.82 $ 26.57 -4.49% -1.07%
Vulcan Materials VMC Sell 06/12/13 $ 40.00 $ 84.30 $ 85.52 -1.45% -1.07%
Total (Average) 1.89% -1.19%
January Performance -5.52% -3.21%
February Performance 2.94% 5.67%
March Performance -1.70% 1.39%
April Performance 1.89% -1.19%
May Performance 2.41% 2.38%
June Performance
July Performance
August Performance
September Performance
October Performance
November Performance
December Performance
Year to Date Performance -1.45% 2.47%
(1) Adjusted for dividends