Henry Fund Research

The Henry Fund utilizes a top-down approach to research that integrates economic, industry, and company analysis. Analysts employ a variety of valuation techniques including discounted cash flow (DCF), economic value added (EVA), relative multiple (P/E, P/B, PEG ratio), and fundamental multiple analysis. Finally, all models are sensitivity tested against critical assumptions.

Analyst Sector Spring 2013 Fall 2013
Billy Patterson Utilities & Telecom Electric Utilities
Ameren (AEE)
UGI Corporation (UGI)
Verizon Communications (VZ)
Shenandoah Telecommunications Co. (SHEN)
Cincinnati Bell Inc. (CBB)
Bryce Morgan Energy Oil Pipeline Transportation
Chevron (CVX)
Plains All American (PAA)
ULTA Beauty (ULTA)
Schlumberger (SLB)
Kodiak Oil & Gas (KOG)
Jamie Schumacher Materials & Energy Agricultural Chemicals
Apache Corporation (APA)
CF Industries Holdings (CF)
Technip (TKPPY)
DuPont (DD)
Nucor Corporation (NUE)
Kyle Nieman Industrials Aerospace/Defense
Ryder System (R)
MSC Industrial (MSM)
Waste Connections, Inc. (WCN)
Raytheon Co. (RTN)
Deere and Company (DE)
Cheeni Rao Consumer Discretionary Apparel
Lions Gate Entertainment (LGF)
Gildan (GIL)
Cerner (CERN)
Costco (COST)
Eric Anfinson Consumer Staples Grain-based Food
General Mills (GIS)
CVS Caremark (CVS)
Universal Corporation (UVV)
Green Mountain Coffee Roasters, Inc. (GMCR)
Darling International (DAR)
Lawrence Epperly Health Care Generic Pharmaceuticals
Teva Pharmaceutical (TEVA)
Becton Dickinson (BDX)
MGM Resorts International (MGM)
Celgene Corporation (CELG)
Bristol-Myers Squibb (BMY)
Aasim Shaik Financials P&C Insurance
Ace Ltd. (ACE)
Allstate (ALL)
Metlife (MET)
Hartford Financial (HIG)
Citigroup (C)
Tim Conley Financials Mortgage Lending
Fifth Third Bancorp (FITB)
Capital One Financial (COF)
Charles Schwab Corporation (SCHW)
Quanta Services, Inc. (PWR)
JPMorgan Chase & Co. (JPM)
Puneet Narad Technology Application Software
Accenture (ACN)
Corning (GLW)
SanDisk (SNDK)
Paychex Inc. (PAYX)
Google Inc. (GOOG)
Preeti Shrivastav Technology Personal Computers
EMC Corporation (EMC)
Apple (AAPL)
Qualcomm Incorporated (QCOM)
Microsoft Corporation (MSFT)
Cadence Design Systems Inc. (CDNS)
Analyst Sector Spring 2014 Fall 2014
Catherine Carlson Technology & Telecom

Corning (GLW)
Shenandoah Telecommunications (SHEN)

Cincinnati Bell Inc. (CBB)
Adobe Systems Inc. (ADBE)
Verizon Communications Inc. (VZ)
Adam Conzemius Technology Internet Software and Services
Accenture (ACN)
F5 Inc. (FFIV)
Google Inc. (GOOG)
SanDisk Corp. (SNDK)
Activision Blizzard, Inc. (ATVI)
Qi "Alice" Cui Health Care Generic Drugs
TEVA Pharmaceuticals (TEVA)
Celgene (CELG)
CVS Health Corporation (CVS)
Mylan, Inc. (MYL)
Anika Therapeutics Inc. (ANIK)
Jarom Dilworth Materials & Consumer Discretionary Forest Products
Deltic Timber (DEL)
CF Industries (CF)
Costco Wholesale Corporation (COST)
Carriage Services Inc. (CSV)
Perrigo Company Public Limited Company (PRGO)
Michael Emgarten Industrials Waste Collection Services
Waste Connections (WCN)
Borg Warner (BWA)
Quanta Services, Inc. (PWR)
Delta Air Lines, Inc. (DAL)
Celadon Group Inc. (CGI)
Michael Fleagle Consumer Staples Tobacco Industry
Universal Corp. (UVV)
Casey's General Stores (CASY)
United Natural Foods, Inc. (UNFI)
Waddell & Reed Financial, Inc. (WDR)
Winnebago Industries, Inc. (WGO)
Guang "Chris" Jin Financial Services P&C Insurance Industry
Chubb (CB)
Allstate (ALL)
The Hartford (HIG)
Tanger Factory Outlet Centers (SKT)
AvalonBay Communities (AVB)
Jacob Johnson Technology & Health Care Communications Equipment
Cerner (CERN)
Qualcomm (QCOM)
Ansys, Inc. (ANSS)
Baxter International Inc. (BAX)
Apple Inc. (AAPL)
Karen Rubel Energy Pipeline Industry
Plains All-American (PAA)
Chevron (CVX)
Technip (TKPPY)
Cameron International Corporation (CAM)
Kate Spade & Company (KATE)
Nicholas Viner Financial Services Banking
Citigroup (C)
OFG Bancorp (OFG)
JPMorgan Chase (JPM)
C&F Financial (CFFI)
Territorial Bancorp (TBNK)
Adam Walter Energy & Utilities & Consumer Discretionary Gas Utilities Industry
UGI Corp. (UGI)
Lions Gate Entertainment (LGF)
Dick's Sporting Goods Inc. (DKS)
Helmerich & Payne, Inc. (HP)
American Water Works Company, Inc. (AWK)