Decline in Rank

• Start Review When Rank In Middle 30’s
• Additional Alarms – Rank Greater Than 40

Sector Diversification

• Diverge From James' Tolerances

Significant Market News/Activity

Individual Stock Analysis

• Income Statement
• Balance Sheet
  
• Fundamentals
  
• Earnings
  
• Price Chart
  
• Major Developments
  
• Insider Ownership
  
• Shares Available
  
• Trading Volume

Investment Committee Approval

• Presentation
  
• Voting
  
• Most Junior Member Votes First
  
• Majority Vote

Sell

• Work Trade With Current Price Action And Size Of Position

Trim

• Consider Trimming If Position Grows To Over 6% Of Portfolio