Monthly Index July 2015

Released Date July July
Research (Price dt is  6-12 Mth Jun-15 Jul-15 Return Russell 2000
Company Ticker Call one day before) Target Price Price Performance Performance
Aceto Corp. ACET Buy 11/22/11  $ 27.00  $ 24.63  $ 23.47 -4.71% -1.31%
Acme United Corp. ACU Buy 09/29/04  $ 21.00  $ 18.24  $ 18.26 0.11% -1.31%
Argan, Inc AGX BUY 10/21/14  $ 43.00  $ 40.21  $ 38.88 -3.31% -1.31%
Astro-Med ALOT BUY 06/08/15  $ 23.00  $ 14.31  $ 13.91 -2.80% -1.31%
Atlas Financial  AFH Buy 10/24/13  $ 24.00  $ 19.83  $ 18.46 -6.91% -1.31%
Aviat Networks AVNW Buy – V 04/29/14  $ 1.50  $ 1.26  $ 1.15 -8.73% -0.81%
Balchem BCPC Buy 04/01/15  $ 80.00  $ 55.72  $ 56.71 1.78% -1.31%
Black Box BBOX Buy 08/08/14  $ 29.00  $ 20.00  $ 20.27 1.35% -0.65%
Cambrex CBM Buy 05/29/15  $ 63.00  $ 43.96  $ 49.25 12.03% -1.31%
Checkpoint Systems CKP Buy 09/22/14  $ 15.00  $ 10.18  $ 8.74 -14.15% -1.31%
Cooper-Standard CPS Buy 07/13/15  $ 83.00  $ 61.18  $ 64.30 5.10% -1.31%
Core Molding Technologies CMT Buy 12/08/14  $ 26.00  $ 22.94  $ 19.09 -16.78% -1.31%
Edgewater EDGW Buy 09/18/14  $ 9.00  $ 7.30  $ 6.71 -8.08% 3.54%
Flexsteel FLXS Buy 01/17/14  $ 42.50  $ 43.09  $ 39.93 -7.33% -1.31%
Global Ship Lease GSL Buy 08/30/13  $ 6.30  $ 5.79  $ 5.60 -3.28% -1.31%
Innospec IOSP BUY 04/30/15  $ 60.00  $ 45.04  $ 43.24 -4.00% -1.31%
IntelGenx IGXT Buy 04/15/15  $ 1.50  $ 0.55  $ 0.58 5.45% -1.31%
INTL FCStone INTL Buy 05/27/11  $ 36.00  $ 33.24  $ 29.18 -12.21% -1.31%
JMP Group JMP Buy 12/08/14  $ 10.50  $ 7.80  $ 7.32 -6.15% -1.31%
Kulicke & Soffa KLIC Buy 07/09/15  $ 16.50  $ 11.53  $ 10.40 -9.80% -1.31%
LSB Industries LXU Buy 09/28/12  $ 51.00  $ 40.84  $ 36.91 -9.62% -1.31%
Magic Software MGIC Buy 04/28/15  $ 13.50  $ 6.66  $ 6.31 -5.26% -1.31%
Newtek Business Services  NEWT Buy 03/27/13  $ 22.00  $ 17.72  $ 19.01 7.28% -1.31%
NN, Inc. NNBR Buy 07/20/12  $ 33.00  $ 25.52  $ 22.94 -10.11% -1.31%
Nova Measuring Instruments NVMI Buy 05/09/12  $ 15.00  $ 12.50  $ 12.54 0.32% -1.31%
Reed’s REED Buy 10/23/13  $ 9.50  $ 6.22  $ 6.15 -1.13% -1.31%
REX American Resources REX Buy 12/04/14  $ 98.00  $ 63.64  $ 51.64 -18.86% -1.31%
Salem Communications SALM Buy 02/24/14  $ 9.00  $ 6.33  $ 6.42 1.42% -1.31%
Seabridge Gold SA Buy 07/21/09  $ 14.00  $ 6.11  $ 4.04 -33.88% -1.31%
Sparton Corp SPA Buy 07/16/13  $ 33.00  $ 27.32  $ 23.86 -12.66% -1.31%
Trecora TREC Buy 09/01/11  $ 19.00  $ 15.10  $ 13.96 -7.55% -1.31%
VASCO Data VDSI Buy 05/28/15  $ 36.00  $ 30.19  $ 20.36 -32.56% -1.31%
Vertex Energy VTNR Buy 07/22/13  $ 5.00  $ 2.37  $ 2.11 -10.97% -0.65%
Viad Corp. VVI Buy 08/01/13  $ 33.00  $ 27.11  $ 28.65 5.68% -1.31%
Vulcan Materials VMC Sell 06/12/13  $ 42.00  $ 83.93  $ 91.02 -8.45% -1.31%
Total (Average)             -6.25% -1.11%
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 3.14% 0.37%
July Performance -6.25% -1.11%
August Performance
September Performance
October Performance
November Performance
December Performance
Year to Date Performance -2.41% 4.12%
(1) Adjusted for dividends