! "#"$%%&’" !"("%’)*’+,’-"!./0""""+12345"$6742385"92"1"54:923454;"351;4

L$M$L’HL"G&H*’-

@@@A"+12345"$6742385"?9

L$M$L’HL"G&H*’-

DIVIDEND GROWTH IS NOTHING WITHOUT EARNINGS GROWTH, AND

EARNINGS GROWTH IS NOTHING WITHOUT REVENUE GROWTH.

"#"$%%&’" !"("%’)*’+,’-"!./0""""+12345"$6742385"92"1"54:923454;"351;4

L$M$L’HL"G&H*’-

EVEN THE BEST COMPANIES IN

THE WORLD CAN TURN

INTO TERRIBLE INVESTMENTS

IF THEYRE BOUGHT AT THE WRONG PRICE.

@@@A"+12345"$6742385"?9

L$M$L’HL"G&H*’-

P"#"$%%&’" !"("%’)*’+,’-"!./0""""+12345"$6742385"92"1"54:923454;"351;4

L$M$L’HL"G&H*’-

@@@A"+12345"$6742385"?9