The DMWB stock universe consists primarily of large-cap stocks.  Most are blue-chip companies with market capitalizations over $5 billion.

Quantitative screens are used to determine which companies are industry leaders with strong growth potential.  Generally, stocks with an S&P rating of B or better and a Value Line Safety rating of three or above are included.  We look for high-quality management, consistent sales growth, healthy balance sheets, and conservative accounting practices.

A list is then developed of companies with low relative price valuation; low price/earnings multiple; earnings growth above the S&P 500: and strong dividend growth.  Comparative analysis of overall market statistics on an historical, current and projected basis, as well as projected total return versus fixed-income investments, are also considered.

The final screening process involves qualitative and intuitive determinations.  We look at the credibility and longevity of management, management incentive programs and a company's reputation among its industry peers.

All of DMWB's portfolio managers are active researchers.  The firm gathers information from government data, business and financial publications, economic consulting services, company seminars, conference calls, personal contacts, and Wall Street reports.