November 1, 2007
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November 1, 2007

Dear Friend,

Attached you will find updates on FNX Mining rated Overweight and MeadWestvaco rated Neutral.

We completed 25 reports in the prior month October, 23 in September, 8 in August and 8 in July.  We have partly written reports on eight more companies, and continue to work hard to serve you. 

We have signed up two more customers from Massachusetts and Minnesota this week, and the Minnesotan addition brings our "coverage" to nine states.  We have enjoyed customer additions from "word of mouth" and money managers we had not heard in my prior employment, and continue to be encouraged.  We have not used outside sales support yet as we work hard just to keep up with the customers we have.

Faithfully yours,

John C. Tumazos

Copyright © 2008 John Tumazos Very Independent Research, LLC
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