BERWYN, Pa., March 18, 2008 – In seeking promising value stocks, smart investors do well to analyze a company’s financial statements. In particular, the often-disregarded balance sheet holds many clues to a company’s worth. That’s the conclusion of a new commentary, Taking Stock, by members of the Core/Value Investing Team at Turner Investment Partners.

Turner, an investment firm headquartered in Berwyn, Pennsylvania, will publish the Taking Stock commentaries quarterly, communicating the perspectives of their Core/Value and Quantitative Investing Teams on various market issues.

The first commentary, entitled How the balance sheet holds untold stories for the value investor, notes that many Wall Street analysts forego the balance sheet for the income statement. The commentary’s authors -- Bob Clark, security analyst, and Tom DiBella, chief investment officer, core/value strategies -- observe: "In our view, the income statement is the health of a company, but the balance sheet is the wealth of a company. The balance sheet shows if the company has the resources to weather tough times, when earnings are depressed."

The analysts assert that three components of the balance sheet -- cash and cash equivalents, real estate, and long-term debt -- deserve particular attention. They explain how to view cash on a balance sheet in determining what the investor is really paying for a share of a company. They also analyze how to ascertain current market value for properties. Finally, the authors characterize a business’s long-term debt in this way: "Like a prospective spouse, a company with a lot of debt isn’t quite as attractive as a company with no debt."

The commentary concludes that in our judgment, "by digging deeper and looking in places that others don’t" -- places like the balance sheet -- "we can gain more insight into a company’s return potential."

To read the first quarter 2008 Taking Stock commentary in its entirety, see the Turner Investment Partners Web site, http://www.turnerinvestments.com/takingstock. Or call 484-329-2439 for a free copy of the piece.

The views expressed represent the opinions of Turner Investment Partners as of the date indicated and may change. They are not intended as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell any securities. Opinions about individual securities mentioned may change, and there can be no guarantee that Turner will select and hold any particular security for its client portfolios. Earnings growth may not result in an increase in share price. Past performance is no guarantee of future results.

Turner Investment Partners is an investment-management firm founded in 1990 and based in Berwyn, Pennsylvania. As of December 31, 2007, we managed more than $29 billion in stocks in separately managed accounts and mutual funds for institutions and individuals.