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Small
Cap and Micro Cap Investing
JRP Capital Corp. seeks
to identify solid, long-term growth opportunities that have
not been recognized by the investment community. This takes
place through an evaluation process that includes several
quantitative and qualitative steps. The list of potential
investments is narrowed as specific information is analyzed
and, to a lesser extent, as a result of changes in market
conditions. Liquidity considerations are balanced against
potential appreciation opportunities for stocks that are purchased.
Publicly available industry reports as well as SEC filings,
news releases, and related industry information is considered
in conjunction with direct contact with management. This combined
approach enables JRP Capital Corp. to make an informed initial
investment decision, as well as judgements, in periods following
purchase of a stock for a client's account. Investments generally
are held over a full market cycle, which can be up to 5 years,
in order to allow time to achieve the stated investment objectives.
Active monitoring of all stocks purchased takes place on a
regular basis. Historically, the most significant gains generally
occur in approximately one-half of the holding period.
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Large
Cap Investing
A select portion of JRP Capital Corp.'s investments are in
Blue Chip, large cap stocks. The approach is similar to Small
Cap and Micro Cap investing, and therefore is limited to a
few issues. These frequently represent "fallen angels",
that have been neglected or ignored by the market. American
Stock Exchange listed depositary receipts (SPDR's, pronounced
"spiders") also are used to achieve the desired
returns. These receipts are designed to track their underlying
averages or specific sector groups. There are 9 Select Sector
SPDR Funds traded on the AMEX; (i) Basic Industries, (ii)
Consumer Services, (iii) Consumer Staples, (iv) Transportation
Sector, (v) Energy, (vi) Financial, (vii) Industrial, (viii)
Technology and (ix) Utilities. There are 4 widely watched
averages offered; (i) S&P 500, (ii) S&P Midcap, (iii)
Dow Jones Industrial and (iv) Trust Company. The administrator
and custodian for the SPDR Funds is State Street Bank and
Trust Company. The investment advisor is State Street Global
Advisors.
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Fixed
Income Management
JRP Capital Corp. recognizes the importance of fixed income
securities to meet the needs of a portion of certain client
accounts. Particular emphasis is placed on purchase of high-quality
municipal securities based on over 60 years of JRP Capital
Corp.'s combined experience and knowledge of local markets.
Municipal securities, especially for Ohio-based issues, are
analyzed in response to specific client requirements.
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