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Transaction Details

Company: Innovative Solutions & Support
Yahoo Beta:0.95
Industry:Aerospace & defense

Company Description:  Innovatve Solutions & Support, Inc. manufactures and sells products used in aircraft, including altimeters, flat-panel displays, and airspeed indicators.

Purchase Date:01 Mar 2005 Sale Date:24 May 2005
Purchase Price:$29.67 Sale Price:$36.09
  --Split Adjusted:$29.67  --Split Adjusted:$36.09
Shares Purchased:200 Shares Sold:200
  --Split Adjusted:200  --Split Adjusted:200
Transaction Fee:$137.88 Transaction Fee:$152.80
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$34.60 High$0.00
Date15 Dec 2004 Date01 Mar 1996
Low$20.58 Low$0.00
Date22 Oct 2004 Date01 Mar 1996
S&P (Purchase Date):$1,210.41 S&P (Sale Date):$1,195.03

Timing:  We bought within the middle of the trading range over the last six months.
Reason:  Stocks in the defense industry are likely to perform well during George W. Bush's second term. In addition, recent changes in FAA distance requirements necessitate aircraft installing new, more precise instruments offered by ISSC.

Reason:  The investment was intended as a short term investment. ISSC has strong earnings which we believed were undervalued. However, their largest product will experience a significant drop in sales when current aircraft retrofitting is complete. Therefore, the investment strategy was short term. The stock has met our target.

S&P Gain: -1.27 % Annualized Gain: -5.4%
Stock Gain: 21.63 % Annualized Gain: 134.17%

Net Holding Return ($): $992.72
Net Holding Return (%): 16.35 %