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Security analysis at Ockham Research is based upon the principle known as Ockham's Razor, named for the 14th-century Franciscan friar, William of Ockham. The principle states that a useful theory should utilize as few elements as possible, because efficiency is valuable. Ockham Research applies this principle to the analysis of individual securities. Through the elimination of superfluous elements, Ockham Research has developed a straightforward investment style to seek superior investment results.Our value investing approach compares current price to sales, earnings, and dividends per share of each stock to its historical high and low share price ranges. Our rating methodology is a simple one: 'Buy' ratings are reserved for securities that are priced below their average annual lows with respect to their normal per share metrics, 'Hold' ratings are applied when a security is valued within its historical high and low range, and 'Sell' ratings are applied when a security is priced above its average annual high with respect to its per share metrics.To learn more, please visit Ockham Research.@