Toolkit 6.4 has been released. This is a free update for all owners of version 6 of Toolkit. The next time you start the program, it will let you know that an update is available; follow the prompts to download and install the update.

Among the changes in this version are a revamped Average Future Yield in Section 5 that displays the underlying values used in the calculation of both potential future yield and projected average yield. This should clear up some of the confusion around this section since it was modified in version 6.

Toolkit now offers a User Preference to enable BetterInvesting terminology in key forms and locations throughout the program (the primary analysis form would be labeled "Stock Selection Guide" instead of "Stock Study," for instance).

For those users who don't use the Roster of Quality Companies as a regular source of new stock ideas, the Portfolio section of the Library now retains the most recently accessed portfolio and displays it at the top of the dropdown list.

In Section 3, we now display the actual calculated values for Price/Earnings Ratio, Relative Value, and Projected Relative Value with strikeouts if you remove any high or low P/E Ratios as outliers in the table. This way you can continue to note the actual historical valuation level as well as the values you decide on as more reasonable given the company's current situation.

We also display the average of the Trailing Twelve Months (TTM) and Forward Twelve Months (FTM) EPS in the Section 3 table. This is sometimes used for a projected low EPS figure in Section 4B(a).

The new Portfolio Diversification Reports can now be printed, as well.

For a complete list of the 30 or so changes in version 6.4, please see the Release Notes.