If a lot of stocks in an industry have high Ranks, the Industry is likely to have a high Rank, if a lot have low ranks, the industry is likely to have a low rank. Following the Industry page, you will find company pages. Beginning with the next session, I will begin describing the great variety of information on those pages. That is the Supplementary Reports that you will find at the end of each issue. We publish a Supplementary Report any time that there is important news on a company since the last full-page company report was issued.
Most reports result from earnings announcements or mergers or acquisitions.
If, for example, a company reported earnings that were much better or worse than we had expected, we would probably issue a Supplementary Report. If a company announces that it is making a major acquisition or if a company is itself being acquired, we would also issue a report. There may be many other reasons for a Supplementary Report as well. Supplementary Reports are shown in the Index . If there is a Supplementary Report on a company you are interested in, you should read it.