Investors & Friends:

Here's a summary of our investment actions from the past week.

Option Strategies - Naked Puts

1) Apollo Group Inc (Nasdaq: APOL) - We sold Jan '11 $20.00 puts.

Even if we go double dip recession, Apollo (and other non-traditional education companies) should hold up (perhaps even prosper) as they did last time. Biggest cloud hovering over these companies is potential gov't regulation that can penalize schools whose students graduate with large loans and low-paying jobs. The proposed rule is referred to as the "gainful employment" rule. It questions how well schools prepare their students to get jobs that can cover their educational debt. It was recommended that programs whose graduates have a debt-to-income ratio above 8%, or who don't meet certain other criteria, lose access to Title IV federal financial aid - the main revenue source for the for-profit schools. Some say the rule could force schools to lower their prices, if the gov't aid is eliminated or reduced.

Apollo passes our wide moat stock screen, as well as our more restrictive proprietary wide moat screen.

Our wide moat stock screen is based on a term popularized by Warren Buffett (Wide Economic Moat) that refers to a company's ability to maintain a competitive advantage. We define a wide moat as five ratios that average 10% or higher over the most recent 10-year period. The five ratios are Return on Invested Capital (ROIC), Book Value/Share Growth Rate, EPS Growth Rate, Sales Growth Rate, and Free Cash Flow Growth Rate. Our screen selects companies that have all five ratios at 10% or more for 10 years. (See below, Buffett's Top 10 Investing Secrets, for more on the wide moat.)

Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending March 26, 2010.

Click here for the Investrio Stock Selector Fund Watchlist.

Upcoming earnings calendar for our portfolio holdings

3/29 - Apollo Group Inc (Nasdaq: APOL)

Click for upcoming IPOs.

Lead Fund Manager
Investrio

Etcetera

We're in a top 10 mood this week...

1) Ten Reasons Why This Is Not a Bull Market
-- Todd Harrison, Founder and CEO of Minyanville

2) Buffett's Top 10 Investing Secrets
-- The Motley Fool