Release Notes for Toolkit 6

The most current version of Toolkit is 6.4.5.
You may check what version you are on from within the program:

• Select the HELP pull down menu.
• Click ABOUT TOOLKIT 6.... Your version will be listed.

• Note that the program checks for the latest version when verifying your Internet connection upon startup.
• If you were not online when the software opened, select the HELP pull down menu.
• Select Check for Updates.
• Follow the prompts to download and install the update.

Features & Changes:

• Adjusted behavior when manually editing the Projected High Price. The program now remembers your preference for using a manually-entered high price or the calculated high price after the first time you update the company's data for each stock study completed. To trigger the preference, update a company's data, and then select either the calculated high price or the manually-entered high price, and the program will use that choice going forward.
• Improved the behavior when setting the "Data Date" in the database by considering the most recent of the last quarter date and the last fiscal year date.
• Now allows price updates via Yahoo! Finance for non-US companies using the 2-character exchange extension in the ticker symbol (such as .TO for the Toronto Stock Exchange, .MX for Mexico, .PA for Paris, etc.).
• Resolved issue where program locked up when editing or adding information (particularly the stock exchange) using the Enter key on the Basic Data tab.

Features & Changes:

• Fixed rounding in future high price selections.
• Enlarged font size on printed Notes.
• Fixed corrupted import/export of *.ITK files.
• Corrected popup text for Manual on toolbar.

Features & Changes:
View Archived Webinar "What's New in Toolkit Version 6.4.3"

Portfolio/Library
• Offense and Defense screens include subtitles to describe function of those screens.

Portfolio Reports
• Added function to sort by % Yield on Portfolio Review Report.

Program
• Removed option to print forms in color which did not work for many printers.
• Corrected display of stock split notification dialog box.
• Corrected determination used to set fiscal year end month from data.
• Exported *.SSG filenames include preparer name and current date.
• Exporting a Toolkit Stock Library now works properly.
• Ticker/company name database updated.
• Prices can now be retrieved for multiple share class stocks (such as Moog and Berkshire Hathaway) without changing ticker symbol in data screen.
• Prices can now be retrieved from ICLUBcentral as well as from Yahoo! Finance.
• ADR flag added to identify stocks which are American Depositary Receipts.

Stock Study
• First Impression: Now displays with Ctrl-Alt-I hotkey combination if automatic display is disabled in Preferences.
• "Cash Flow" is renamed "Free Cash Flow" to reflect changes in datafile specification.
• Notes indicator now turns off if notes are deleted and field is blank.
• Improved logic used to display date of current price date based on price and/or data update functions.
• Alt-Q now toggles future low EPS values using most recent fiscal year, trailing twelve months, forward twelve months, average of FTM & TTM, and user-set values.
• 52-week high and low Price/Earnings Ratios are displayed with 52-week high and low prices in Section 3.
• Future high price can be manually edited.

Analysts Estimates
• User-entered analyst estimate data can now be locked to prevent being overridden during data update.

Features Added:

Portfolio Report Card
• Homepage grid is no longer cut off if more than three portfolios exist.

Portfolio/Library
• Selected portfolio is sticky (Roster of Quality is not always first on the list).

Portfolio Reports
• Sorting fixed on new Portfolio Rreports.
• Focus on portfolio reports is now on report itself, not sort dropdown.
• Security length name lengthened on Sectory/Industry Diversification Portfolio Report.
• Can now print new Portfolio Reports.
• Breakdown text added to Company Size labels on associated Portfolio Report.
• Header labels fixed in Company Size Diversisifcaiton Report ("% OF PORT" and "SIZE BY REVENUES").
• Projected RV on Portfolio Report Card & Portfolio Review now match Portfolio Summary Report.
• PERT "Edit EPS" help button now works.

Program
• Preferences now always open defaulted to datafeed tab.
• add "Posted to StockCentral.com by Toolkit 6" to messages for studies posted to StockCentral.
• Selecting "don't show again" for download alert now changes setting in preferences.
• When opening Notes, stock study is no longer unmaximized.
• High price column in Update Prices always says "NONE".
• RTE 13 fixed (crash when inputting letters into Analysts Estimate).
• RTE 11 fixed (crash for some portfolio with average PE=0).
• SSG file format now writes out/reads in Analysts estimates for EPS & Sales.

Stock Study
• Section 2: ROE Graph now plots correctly.
• Section 3: Blank table cell now populated with avg ttm + ftm eps.
• Section 3: displays original Average PE, RV & Proj RV as well as adjusted when high and low PE ratios are removed as outliers.
• Section 5: displays components of calculations for average yield used in CAR & PAR.

Analysts Estimates
• Revenue based EPS estimate windows cosmetic cleanup.
• Analysts' Estimates now displayed with two decimal places.
• Fixed allowable length of "Source" of analysts estimates (previously caused crash).

Features Added:

Stock Study:

• A Buy/Sell/Hold indicator appears next to the Current Price on the Stock Study graph.
• View the values of the fiscal year sales and EPS estimates when you move the mouse over the points on the graph.
• R2 values on front of Stock Study and in Historical Growth screen are now re-calculated when outliers are removed. At the bottom of the graph, the original R2 values are crossed out if outliers are removed and the resulting R2 value is different.
• Users can turn off the growth rate reference lines (10%, 15%, 20%, etc.) from the graph display in Preferences.
• Analysts' future fiscal year sale estimates can now be added to the Stock Study graph.
• The Analysts' estimates dialog box has been reformatted, and now allows you to review, edit, or enter Sales estimates and analysts' consensus estimate growth rate. A link to your Web Links allows you to go to the Internet for retrieval of estimates information and data.
• The graphing functions have been improved, with easier dragging and dropping, better auto-scaling of items, and saving of custom-set graph positions to the database. Companies that previously initially displayed with historical data "off the graph" are now handled better.
• New graphs of Return on Equity and Debt-to-Equity are provided in Section 2.
  
  Portfolios:
  
• Two new reports have been added to show the Diversification by Company Size and by Sector/Industry.
• From the Portfolio Alerts page, the "Check Trends" button goes to the Quarterly Trend Graph, instead of to the Quarterly Trend Report.
• On the Portfolio Review Report, the "5 Yr Ave P/E Ratio" column displays the user-selected future High and Low P/E Ratios in Section 4 (and the resulting average). However, the "Projected RV" on the Portfolio Review Report was using the "Average P/E Ratio" from Section 3 of the Stock Study, so the Projected Relative Value figure displayed on the Report would not be the same as the value a user could manually calculate from the P/E Ratios on the Report. As such, the "5 Yr Ave P/E Ratio" column has been renamed "Proj 5 Yr P/E Ratios" (since these are the user-selected future High and Low P/E Ratios in Section 4 are are forward-looking figure). The Projected Relative Value figure is now calculated by dividing the Current P/E Ratio by the Projected Average P/E Ratio (both as shown on the Portfolio Review Report).
  
  Preferences:
  
• The preference options have been standardized to make it easier to understand and set desired behavior. Some preferences have been reorganized and now appear on different tabs.
• A new preference allows you to turn off the Smart Data Updater when starting up the program.
  
  Data:
  
• The function to use a data source on a hard drive or local media (such as the AAII datafiles or Value Line CD) has been restored.
• BetterInvesting data subscribers now can view the First Impression screen when loading a company for the first time.
• The alert message when switching away from the StockCentral datafeed has been removed. The text now appears on the Preferences > Data Feed tab.
• Links have been added in Preferences > Data Feed to help users reset or recover their data subscription passwords.
• StockCentral functions have been enabled for any user with a current user name and password even if StockCentral is not the currently active data subscription.

Bugs Fixed:
• Error messages revised for failed data requests
• Printing errors revised for 64-bit users
• Revenue EPS Est overrides no longer behave inconsistently
• Duplicate open files warning no longer occurs
• Ticker retrieval option moved to Data Feed section of Preferences
• Graphing of extra items scaling / display problem
• Custom low price editing on Section 4B fixed
• SSG: click between "Data" text and "Adjust Graph" icon no longer opens link
• Symbol & Exchange no longer overlap if NASDAQ
• Low price default judgment always works now
• Sec3 %Payout now always changes Sec5B
• Compare Stocks header behavior is now consistent
• Debt/Equity sometimes now shows zero for first year (instead of NMF)
• Buy Price text adjusted for First Impression
• Help button fixed on EPS Estimates screen
• Avg Low P/E changed to Selected Low P/E
• File menu: Compares Stocks never says New Comparison
• First Impression uses SSG value when possible
• "% to Tot. Cap." in header is reworded
• Zacks links fixed in Internet section
• New company now saved properly to a new library
• Analyst estimates no longer writes zero to .SSG and ,ITK file
• Printing Summary report no longer results in header columns misaligned
• Proxy settings no longer won't disable after you enable them
• Certain companies no longer show no graph lines w/BI datafeed
• Comparison Guide: Line 8 is no longer mislabelled
• Visual Analysis graphh lines no longer behave inconsistently
• Links added to reset datafeed passwords
• Reimporting .CSV exported from TK6 no longer crashes
• Numerous "Complete Roster" labels changed to "Roster of Quality"
• Wording options in preferences made consitent
• Importing an .ITK will no longer result in blank "EPS Estimates" line
• Visual Analysis long term debt line can now be moved around
• Company locator database and sample comapnies updated
• REC column in Portfolio Summary adjusted
• Historical Growth no longer crashes if there are less than six years of sales data
• Footer copyright year and phone updated
• Exporting SSG now correctly writes out line 271
• Line 21 of Compare form changed to "Reward/Risk Ratio"
• Comparison no longer crashes if you open a company when maximized
• New graph items in visual analysis now save plot positions
• StockCentral features enabled if user has both datafeeds
• Options added to enable/disable automatic data and roster updates
• 2B Graph no longer crashes for ticker CMG
• Ctrl-click and drag for LTDT for co. with no debt no longer crashes

Features Added:
• A brand new header on page 1 of the Stock Study now displays the company's Sector, Quality, and the Date of the last Price Update.
• The Data Entry screen now allows for entering the company's Sector, Quality, and Target Return.
• At the bottom of Stock Study, the R-squared values for historical EPS and Sales are displayed.
• The graph colors of additional items can be edited.
• The EPS Growth estimates dialog box displays the Implied EPS Growth Rate, as well as the Take Stock Projected EPS Growth Rate (for StockCentral subscribers).
• A new preference is available to use Average Equity in addition to Beginning of Year and End of Year Equity in Section 2B.
• Debt/Equity is no longer affected by the Start of Year/End of Year Equity preference, and is now always properly calculated using Year-End Equity.
• Relative Value and Projected Relative Value have been moved to Section 3.
• The Price Variance Quotient option for Low Price selection is now calculated properly.
• Web links for non-ticker-specific addresses are now properly displayed in the dropdown list of sites.
• Column headers in the Portfolio Review Report have been re-aligned to make them more meaningful.

Bugs Fixed:
• Web links are now imported from Toolkit 5 or from manual .ITB import.
• Portfolio Review report: columns aligned to contents in headers.
• Improved error handling for invalid StockCentral and BetterInvesting logins.
• Various typos fixes.
• Relative values moved to bottom of section 3.
• All reports: yellow rows changed to light grey.
• All reports: grid lines changed from black to grey.
• Low Price Average no longer calculated with 5 years when 10-year option is selected under Preferences.
• Section 4 PEG Ratio now rounds to one decimal place.
• Challenge Alert box now fits all text.
• Labels corrected in program to differentiate between SSG file's Quality and DataFeed Sources.

• Company lookup list updated.
• Program no longer crashes when hitting ESCAPE from Annual Data.
• Database no longer stores zero instead of no data, for blank data in Shares Outstanding & Long-Term Debt.
• "Select Ranges Default" changed in Preferences.
• Portfolio Summary Report now correctly labels Rwd/Rsk column.
• Change EPS Estimates "Source" text changed to "EPS Estimates Source".
• EPS Estimates' "Source" text no longer covered up.
• Company links now save properly.

• Cash flow per share option now added to visual analysis graph.
• Re-arrangement of items to cleanup Stock Study Back.
• "www.iclub.com" is no longer cut off at bottom of forms.
• User can now force an update to the Roster of Quality.
• Visual analyis colors no longer change from black to green when removing outlier years.
• Date Roster of Quality was updated now shown in Library.
• Removed "print forms using black" since all forms black now.
• Trend lines now appear correctly after changing and saving for companies with negative earnings.
• Section 5B yellow box strikeout now displays in correct place.
• Section 5D now correctly only displays when selected under preferences.
• Preference setting for "Use Earlier Year instead of Current Year" text changed to "Use Previous Year Equity instead of Current Year Equity".
• Institutional and insider ownership figures are now updated with data refresh.
• SALES and CHG header labels swapped on Pre-tax Profit column for Portfolio Review.

• Low price no longer incorrectly appears with a strikeout going through it.
• A temporary database location is no longer created when using multiple databases.
• EPS Estimates now save properly after forcing a data refresh.
• Newly selected graph items no longer appear off screen on visual analysis window.

• EPS estimates now properly save after closing a company and reopening.