All research and analysis is done by ACM staff.  All Special Research Reports are for educational purposes ONLY.  These reports do not take into account specific investment criteria of individual clients.  All opinions expressed are current opinions as of the date indicated on the reports and may be changed without notice.  Information obtained from various sources is believed to be reliable but ACM makes no guarantee of the accuracy or completeness of such information.  No investment recommendations are given or implied.  Past performance is no guarantee of future results.