晨星股票500（2007）

　　Star Rating Indicates if the stock is overvalued， undervalued， or fairly priced Business RiskEach stock's risk is rated as below average， average， above average， or speculative　Management In-depth information about the backgrounds and strategies of top management teams Morningstar Fair Value Our analysts' estimate of the stock's fair value price Moat Size A measure of the company's competitive advantages Stewardship Grade An easy way to tell if management is working for you or itself Morningstar Grades A snapshot of the company's growth， profitability， and financial health Buy/Sell Prices Incorporating a margin of safety， we give our estimate of when you should buy and sell Morningstar Style Box A snapshot of the company's size and value or growth characteristics Five-Year Financial History Key measures for the past five years and trailing 12 months Major Fund Holders Which funds have big percentages of their assets in this stock Major Competitors How the company stacks up against its main rivals Price History Five years of price history and the stock's strength relative to the S&P 500 Valuation Ratios How the stock measures up to its industry and the S&P 500 Thesis Our independent opinion of the company， including detailed analysis of its strengths and weaknesses Let our stock research help you find tomorrow's winners today Morningstar's independent analysis and exclusive tools can help you easily find the best companies at the best prices. The Morningstar Rating for stocks helps you spot companies that are undervalued. Our Consider Buying/Consider Selling prices provide the benchmarks you need in order to make informed buying and selling decisions. And now you'll get this exclusive and valuable guidance updated all year long. Access 50 free stock reports any time in 2007. Choose from 1，800 stocks. This book can help you： Start a new portfolio;Position your portfolio for a big 2007;Find this year's best values You'll also benefit from： Tips for picking great companies;Guidance on the best and worst management;Trends to watch in 2007;For 20 years， Morningstar has helped individuals and financial planners make better investment decisions. Our trusted data and independent analysis provide a level of insight unavailable from other sources. For more information about other Morningstar products and services， visit us online at www.morningstar.com.

　　Pat Dorsey is director of stock analysis and is responsible for a team of more than 90 equity analysts. Before taking his current position， he was a senior equity analyst at Morningstar covering the telecommunication-equipment and computer-hardware indust

The Year in Review
How to Use the Morningstar Stocks 500
Our Approach to Equity Research
Why Popular Stocks Are a Sucker's Bet
Avoid Being Mr. Market
The Predictable Returns of Dividends
Digging an Economic Moat
Six Reasons to Not Take Returns at Face Value
How We Selected This Year's Stocks
Index and Tables
　Morningstar Stocks 500-Company Index
　Morningstar Stocks 500-Industry Index
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　Industry Performance
　Industry Averages
　Top- and Bottom-Performing Stocks
　Most Attractive Stocks
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　Stocks with Below Average Risk Measure
　Largest Market Capitalization and Highest Sales
　Highest Return on Equity and Return on Assets
　Highest Dividend Yield and Cash Return
　Lowest & Highest Price Multiples
　Companies with Wide Economic Moats
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　Companies with No Economic Moat
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Glossary
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