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The serious investor with a portfolio will find a thoughtful pal in SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT. Developed by a financial consulting company, SAPM lets you enter your stock transactions quickly and easily. Then it gives you all the reports you need to know what's going on with your portfolio. A highly sophisticated securities analysis system is added, along with a number of tools to help you manage your money and deal with loans. The analysis of individual stocks uses principles developed by the National Association of Investors Corp. Regression analysis is the primary tool to estimate future growth rates. Reports include present value and book price, market value, current gain/loss, percent return, and percent of holdings a security represents. SAPM creates amortization tables, calculates loan payoffs, determines future investment values, calculates current amount required for a desired amount (present value), calculates loan amortizations, and determines future value of regular additions to an investment plan (annuity).
Disk No: 1684 Disk Title: Security Analysis & Portfolio Manager PC-SIG Version: S1 Program Title: Security Analysis & Portfolio Manager Author Version: 2.01 Author Registration: $25.00 Special Requirements: None. The serious investor with a portfolio will find a thoughtful pal in SECURITY ANALYSIS AND PORTFOLIO MANAGEMENT. Developed by a financial consulting company, SAPM lets you enter your stock transactions quickly and easily. Then it gives you all the reports you need to know what's going on with your portfolio. A highly sophisticated securities analysis system is added along with a number of tools to help you manage your money and deal with loans. The analysis of individual stocks uses principles developed by the National Association of Investors Corp. Regression analysis is the primary tool to estimate future growth rates. Reports include present value and book price, market value, current gain/loss, per cent return, and per cent of holdings a security represents. SAPM creates amortization tables, calculates loan payoffs, determines future investment values, calculates current amount required for a desired amount (present value), calculates loan amortizations, and determines future value of regular additions to an investment plan (annuity). PC-SIG 1030D East Duane Avenue Sunnyvale Ca. 94086 (408) 730-9291 (c) Copyright 1989 PC-SIG, Inc.
╔═════════════════════════════════════════════════════════════════════════╗ ║ <<<< Disk #1684 SECURTIY ANALYSIS AND PORTFOLIO MANAGER >>>> ║ ╠═════════════════════════════════════════════════════════════════════════╣ ║ To start program, type: SAPM (press enter) ║ ║ ║ ║ To print documentation, type: COPY MANUAL.DOC PRN ║ ╚═════════════════════════════════════════════════════════════════════════╝
SECURITY ANALYSIS AND PORTFOLIO MANAGER Version 2.01 (ShareWare) SAPM (tm) Greg Morrison and Associates Financial Consulting Services Post Office Box 151 Highwood, Illinois 60040 LICENSE AGREEMENT This manual and program is Copyrighted (c) 1986, 1987 by Greg Morrison and Associates Financial Consulting Services. SAPM is intended for use on one individual personal computer by the original purchaser only. It is expressly forbidden to duplicate this utility or its documentation, or to loan or rent to others. The software may not function properly in every hardware/software environment. THIS SOFTWARE IS SUPPLIED TO YOU "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, WITH RESPECT TO THIS SOFTWARE OR DOCUMENTATION, THEIR QUALITY, PERFORMANCE, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. CONSEQUENTLY, YOU THE LICENSEE, ARE ASSUMING THE ENTIRE RISK AS TO THEIR QUALITY AND PERFORMANCE. Reasonable care has been taken to insure the accuracy and proper operation of this program. However, Greg Morrison and Associates Financial Consulting Services is not responsible for any damage, real or alleged, including but not limited to interruption of services, loss of business, investments, capital gains, dividends, or anticipatory profits, resulting from the use of this product. This Agreement is governed by the laws of the State of Illinois. You may have other rights which vary from state to state. Some states do not allow the exclusion of incidental or consequential damages, so some of the above may not apply to you. If a court finds that the above limitation on warranty or on damages do not apply to your, or that the above warranty fails of its essential purpose, then Greg Morrison and Associates' liability to you shall be limited to the total price you paid for this software. 2 TABLE OF CONTENTS PREFACE . . . . . . . . . . . . . . . . . . . . . . . . . . 4 HOW TO START-UP SAPM . . . . . . . . . . . . . . . . . . . . 4 DATA INPUT . . . . . . . . . . . . . . . . . . . . . . . . . 4 SAPM MAIN MENU . . . . . . . . . . . . . . . . . . . . . . . 5 SECURITY ANALYSIS . . . . . . . . . . . . . . . . . . . . . 5 PORTFOLIO MANAGER . . . . . . . . . . . . . . . . . . . . . 6 PORTFOLIO REPORTS . . . . . . . . . . . . . . . . . . . . . 7 MISC OPTIONS . . . . . . . . . . . . . . . . . . . . . . . . 7 UTILITIES . . . . . . . . . . . . . . . . . . . . . . . . . 8 ARCHIVE/RETRIEVE . . . . . . . . . . . . . . . . . . . . . . 9 UPDATES . . . . . . . . . . . . . . . . . . . . . . . . . . 9 REGISTRATION . . . . . . . . . . . . . . . . . . . . . . . . 10 3 PREFACE Do I really need to read the SAPM manual? No - SAPM is self- contained, self-explanatory, and menu-driven. But to get started correctly, and to obtain an overview of SAPM you should read through this short manual. HOW TO START-UP SAPM SAPM will work on any IBM compatible computer with at least 128K of memory and a DOS system disk. To run the program follow these steps: 1. Turn on your computer. 2. Insert your DOS System disk into Drive A and close the drive door. The disk should then boot-up, displaying the normal starting information. 3. Answer the DATE and TIME prompts. 4. Remove the DOS System disk from Drive A. 5. Insert your SAPM disk into Drive A and close the door. 6. At the DOS prompt, type: SAPM. 7. Press ENTER. DATA INPUT The following data input procedures are adhered to: 1. Data displayed will be kept if the ENTER key is pressed without making changes. 2. The RIGHT ARROW key is used to allow the user to use characters from the current data displayed. 3. The length of the input is highlighted to let the user know how many characters can be entered. 4. The BACK ARROW key deletes an entered character or number. 5. Toggle inputs are selected by using the ARROW keys to highlight a selection then pressing the ENTER key. 4 SAPM MAIN MENU From this menu you can select the option you want to perform. You have the choice of disk and file utilities, money management, exiting, portfolio management, or security analysis. Just press the number of the option you want or use the arrow keys to go to that option and press enter. If you choose to go to the Portfolio Manager section, you will be prompted for the name of the portfolio you plan to use. Type in that name but DO NOT use a filename extension (*.xxx). All portfolio files are stored on the disk with the same filename extension, '<filename>.SPM'. SECURITY ANALYSIS This section performs an analysis of a particular stock using the principals developed by the National Association of Investors Corporation (1515 East 11 Mile Rd, Royal Oak, MI 48067). For help in understanding the analysis output you should obtain a copy of The Investors Manual for $12 from NAIC. The data must be initially entered manually. Several test files are included on the disk to demonstrate typical output. These files have the filename extension '<filename>.DAT' where the filename is the corporation's stock symbol. To start entering data choose option 2. If you are using data previously saved (a file directory option allows you to view the files on the logged drive), you can do 'What If?' analysis by going directly to either the 5 year table or to the earnings growth entry area by entering the appropriate letter at the prompt. Corrections to input errors can be made when you are prompted to change entered values. An entry of 'T' (table) or 'E' (earnings) will keep the entered values and position the cursor at either the 5 year table or the earnings growth entry area. A 'Q' (quit) entry will return you to the Security Analysis Menu. To enter data or make corrections in the 5 year table, first highlight the entry with the arrow key and Press ENTER. Make the appropriate correction or entry. Then press ENTER again to leave that particular cell. You may exit from the table at anytime by pressing either the 'Q' (quit) or 'D' (done) key. Pressing an 'I' in the first cell will insert a new row for imputing the latest year of data. This comes in handy when you wish to update an old analysis with recently published data. The program prompts the user for the following data in the 5 year 5 table: 1. Year 2. Price (high and low) 3. Earning per Share 4. Dividend per Share 5. Book Value per Share 6. Sales 7. % Net Profit Margin (profit divided by sales) 8. Long Term Debt The input data can be obtained from financial reporting companies such as Value Line or Standard & Poors. However, some corpora- tions provide enough historical data in their annual reports to perform the analysis. The Long Term Debt data and % Net Profit Margin data should be used in conjunction with the % Earned on Investment Capital data (calculated) to evaluate management. See The Investor's Manual on how to do this. Although, it is possible to conduct the analysis without this data. You are not restricted to entering Long Term Debt data and % Net Profit Margin data into their respective columns. If you have some other yearly data that you would rather have displayed, enter it in one of those columns. However, you should rename the columns on the output to the appropriate data name. The program uses regression analysis to estimate the future growth rate. To assist the user in determining the usefulness of the estimated rate, the percentage of past earnings data that correlates is provided (known statistically as r-squared). Generally, a 60% correlation is considered good. Anything less should strongly suggest that a different estimator be used. Once you are through entering data, the analysis can be conducted by choosing the first menu option. The output can be either directed to the screen, printer, or a file. You should also save your data for future stock analysis. There is no restriction on the filename or extension which may be used. PORTFOLIO MANAGER To start adding transactions select the first menu option. The first entry will be for the portfolio type. Enter any two letter combination which describes the portfolio type (eg, 'MF'-Mutual Fund, 'SK'-Stock, 'BD'-Bond, etc). The next entry is for the transaction type. One of the following codes must be entered: 1. 'B' - Bought 2. 'S' - Sold 3. 'RD' - Reinvestment Dividend 6 4. 'SD' - Stock Dividend 5. 'IC' - Income Dividend 6. 'SS' - Stock Split 7. 'CG' - Capital Gains Distribution Reinvested 8. 'CI' - Capital Gains Distribution Taken as Income After entry of the appropriate code, you will be prompted for the information necessary for that particular transaction. You will be given an opportunity to make entry changes at the end of the required input. To change or delete a specific transaction select the second menu option. You will be prompted for the symbol and transaction date. Enter them and the first record found matching the entries will be displayed for deletion or changes. To view the portfolio transactions select the third menu option. The records will be individually displayed beginning with the first one. You can stop viewing records and return to the portfolio menu at any time by pressing the ESC key. PORTFOLIO REPORTS From this menu you can perform the portfolio analysis or print several transaction reports. You should first select menu option #6 to change either the output direction (screen, printer, or file) or the start and end dates if necessary. Open positions can be analyzed by selecting option #1. You will be prompted for the current market prices of all open positions. If you make a mistake during price entry you will be given an opportunity to make corrections at the end of the input routine. Pressing the ESC key during any report screen listing will return you to the report menu. The following abbreviations are used: 1. P/V or Shares: Present value or current shares held in the company 2. Book Price: Current shares / Total BUY cost 3. Book Value: Total BUY cost of the current shares 7 4. Market Price: Market value of the security 5. Market Value: Market price * Current shares 6. Current Gain/Loss: Market value - Book value 7. % Rtrn: Percent return = Gain (or Loss) / Book value 8. % Url Gains: Percent unrealized gains (or loss), includes total BUY cost + total REINVESTED cost 9. % of Hlds: Percent the security represents of the total portfolio MISC OPTIONS From this menu you can perform the following money management functions: 1. Create an amortization table 2. Calculate a loan payoff 3. Determine the future value of an investment 4. Calculate the current amount required for a desired amount (Present Value) 5. Calculate and amortize a loan payment 6. Determine the future value of regular additions to an investment plan (annuity) Pressing the ESC key during the amortize screen listing will return you to the misc menu. UTILITIES From this menu you are able to perform the following file and disk procedures: (use the arrow key to make your selection) 1. Delete file - deletes named file. 2. Rename file - renames named file. 8 3. Change file attributes - changes named file attributes from archive (normal file) to read only or hidden file. 4. Change drive - changes current disk drive. 5. Change directory - changes current disk directory. 6. Make a directory - creates named disk directory. 7. Remove a directory - deletes named disk directory. 8. Check disk space - checks disk space of current disk drive. ARCHIVE/RETRIEVE A special utility is included with the program to remove (archive) securities from the transaction file. This may become necessary when a closed position no longer needs to be analyzed with the rest of the portfolio. To access the utility, type ARCHIVE at the DOS prompt. The utility is menu driven and should not present any problems to the user. Additionally, the user may use any filename extension desired when naming the output file (the program will not accept an extension when prompted for the active portfolio filename). To analyze an archived position without first retrieving it, the user must rename the file (under DOS) such that the extension becomes '<filename>.SPM'. UPDATES/DISTRIBUTION We hope that the program meets with your approval. If you have comments or suggestions has how it can be improved, or have requests that you would like to see added to future updates, you may forward them to us at the following address: Greg Morrison and Associates Financial Consulting Services PO Box 151 Highwood, Illinois 60040 Full function versions of SAPM, designated as "ShareWare", are distributed on electronic bullentin boards and by computer clubs. This keeps our marketing costs low, permitting considerable cost savings to users. If this is to continue you must register your copy of the program. 9 INVOICE TO: Greg Morrison & Associates Date: ____________ PO Box 151 Highwood, Illinois 60040 FROM: _____________________ _____________________ _____________________ _____________________ Quantity Description Cost -------- ----------------------- ------- 1 SAPM (postpaid) $25.00 TOTAL: $25.00 COMMENTS/SUGGESTIONS FOR FUTURE UPDATES: ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ 10
Volume in drive A has no label Directory of A:\ ARCHIVE CHN 15017 5-19-88 2:11p ARCHIVE COM 26375 3-01-88 3:27p DJ DAT 866 7-01-84 12:15a FILE1684 TXT 2517 12-11-89 5:31p GO BAT 38 1-01-80 1:37a GO TXT 540 12-12-89 1:39p MAIN 000 9728 6-08-88 4:52p MAIN 001 512 6-08-88 4:52p MAIN 002 3584 6-08-88 4:52p MAIN 003 768 6-07-88 12:32p MAIN CHN 46949 6-08-88 3:40p MANUAL DOC 18983 1-05-89 12:49p MCD DAT 866 1-15-87 3:01a MISC CHN 20638 6-06-88 5:06p READ ME 238 3-28-88 9:55a SAPM COM 12685 2-28-88 12:35p SB DAT 866 11-12-87 12:18a SECURITY CHN 41213 9-21-88 6:10p UTIL CHN 22904 5-19-88 2:15p 19 file(s) 225287 bytes 88064 bytes free