67 WALL STREET, New York - November 5, 2009 - The Wall Street Transcript has just published its TWST Small Cap Value Report offering a timely review of the sector to serious investors and industry executives. This 47 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Small-Cap Value - Capital Preservation - Sovereign Bonds - Precious Metals - Value-Investing - Companies with International Exposure - US-listed Chinese Companies - Risk Limitation - Industry-Diversified Portfolios - Long-Term Value - Micro-Cap Companies - Turnaround Situations - Strategic Buying - Fundamental Analysis

Companies include: Bridgepoint Education (BPI); Compass Minerals (CMP); Flexsteel (FLXS); Hardinge Corp (HDNG); Phillips-Van Heusen (PVH); Adobe (ADB); Affiliated Computer Services (ACS); Alliance Data Systems (ADS); American Water Works (AWK); Atlantic Tele-Network (ATNI); Celanese Chemical (CE); CenturyTel (CTL); Clean Energy Fuels (CLNE); Consolidated Graphics (CGX); Dell (DELL); Dillard's Department Stores (DDS); Drew Industries (DW); Educational Development Corporation (EDUC); First Acceptance Corp (FAC); Forestar Group (FOR); Fresh Del Monte (FDP); Hain Celestial (HAIN); Harbin Electric (HRBN); Huron Consulting (HURN); IMAX (IMAX); IMS Health (RX); Kennametal (KMT); Lamar Advertising (LAMR); NBTY (NTY); Nature's Sunshine Products (NATR); Nobility Homes (NOBH); Omniture, Inc. (OMTR); Perot Systems (PER); Pfizer (PFE); SPDR Barclays Capital International Treasury Bond Fund (BWX); SPDR Gold Trust (GLD); Silver Wheaton (SLW); Tellabs (TLAB); Temple-Inland (TIN); Tempur-Pedic (TPX); Tesoro (TSO); Valero (VLO); Verizon Wireless (VZ); Whole Foods (WFMI); Xerox (XRX).

In the following brief excerpt from just one of the in depth interviews in the 47 page report, top tier money managers discuss their stock picks.

FRED ASTMAN is Chairman and a Portfolio Manager at First Wilshire Securities Management, Inc. Mr. Astman served in the Air Force as navigator of both B-24s and B-26s in World War II and the Korean War. He earned a BA from the University of Connecticut and has been investing in the small cap sector since 1962.

SCOTT HOOD serves as President of First Wilshire Securities Management, Inc., and co-manages the portfolios. He has over 15 years of experience in the securities industry and has worked as an Analyst and Portfolio Manager at First Wilshire for 12 years. Mr. Hood also worked as a Supervisory Analyst with Merrill Lynch in Hong Kong and with a merchant/investment banking firm in New York City. He received his Bachelor of Science degree in Economics from New York University. He is a Chartered Financial Analyst and a member of the CFA Institute.

TWST: What other companies, US or Chinese, have you found of interest this year or over the last few months?

Mr. Astman: One that we're looking at right now and have owned in the past is Nature's Sunshine Products (NATR), which has gone through a major turnaround. They've been on the market for around 30 years, but the turnaround has just taken place with a change of the board to outside board members and also a change of auditor. It's already in about 25 different countries around the world in the Far East and in Europe. They sell natural herb products through a couple hundred thousand distributors throughout the world. 50% of their business is outside the U.S. It's a real international company and it will have earnings of probably $0.10 to $0.15 this year and $0.60 to $0.70 next year. It's a good turnaround situation.

Mr. Hood: Nature's Sunshine Products is trading at less than 10 times our estimated earnings for next year. The turnaround will really start to begin. Actually it's already begun, but we'll get a full year of it next year. You get a company trading at under 10 P/E and it's almost 40-year-old and has almost no debt and has $2.60 per share in cash for a stock that trades a little bit above $5.

Mr. Astman: That's our kind of company. The other one is Educational Development Corporation (EDUC), which we just picked up recently. It has an excellent potential outlook and Scott can brief you on it better.

Mr. Hood: Educational Development is a children's book company and they sell through a multilevel marketing, sales, and distribution system. They have the right to the Usborne books, which is a popular publisher of children's books. They also have picked up another small publisher here in the U.S. that has rights to some very good titles, including a book that a lot of people with young children may know called Everyone Poops. It's trading around 10 times earnings and has a nice yield, and we believe the company has made some recent changes to add sales people and distributors and is probably in the best shape it's been in years. I would say it's a company we've been following for about 10 years now. It just came back and hit all of our criteria again.

TWST: That's one good thing about your investing is that companies come in and out of your view of them?

Mr. Hood: We probably look at companies two or three times over a 10-year period. When we first look at it, it may be ignored and has no analyst coverage, and if everything looks good, we'll end up taking a position then. Maybe a few years later, there are 10 analysts and the company is being written up all over the place, and we may be out of it at that point. Then sometimes they stumble or the analysts abandon it for whatever reason, and it's time to come back and look at it again and we would have already done a lot of work on it. It's easier to get back up to speed and understand it deeper than others because of our experience. Recycled stocks are perhaps 10% to 20% of the portfolio.

The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 47 page special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

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