The Value Line Investment Survey

Date: September 22, 2008

Early Warning on Troubled Stocks

Value Line's Timeliness Ranking System has been successfully forecasting stock performance since 1965. Recently, many formerly highflying financial stocks have suffered tremendous declines in prices and some have gone out of business altogether. Subscribers to Value Line's services who follow our Timeliness Ranking System were warned months ago that these companies were unattractive investments - well in advance of the current economic turmoil.

Below is a partial list of some of the most troubled stocks and the dates that Value Line's Timeliness Ranking System lowered their rank to either 4 or 5:

Company	Date Rank Was Lowered	Price When Rank Was Lowered to 4 or 5	Price as of 9/19/08
American International Group	3/10/08	$42.95	$3.85
Bear Stearns	6/18/07	$150.08	No longer traded*
Fannie Mae	12/03/07	$38.51	$0.69
Freddie Mac	11/26/07	$25.81	$0.41
Lehman Brothers	3/31/08	$37.27	$0.22
Washington Mutual	10/23/06	$42.62	$4.25

*Bear Stearns was acquired by JPMorgan Chase on 3/08

Value Line has been serving investors for nearly 80 years. Benefiting from our experience, independence and expertise can make a big difference to investors, especially during turbulent and uncertain times. Subscribers get carefully considered analyst commentary, historical statistics, forecasts for the coming 3 to 5 years and our highly acclaimed Timeliness Ranks. We offer economic commentary, stock highlights and model portfolios that have a record of outperforming the indexes.

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