Domestic Long/Short Subscription Service
Unit  Economics  currently  offers  select clients  subscriptions  to the
Domestic Long/Short Service.   Our  research efforts for this product
are
 focused  on  initiating and continuing research coverage on 6-8
U.S.-listed  stock  ideas  (either  long  or  short ideas)  per year
.  For
each
 idea,  we publish a  comprehensive  20+ page initiation report.
Our  reports
 include  financial  models  and earnings forecasts (see
sample report),  as   well  as  industry  analysis   and  other  relevant
material.   In  addition,  we  continue  to  publish  periodic updates as
significant events occur.

We also publish 3-4 20+ page,  macro/thematic  reports  each  year.
These  reports  cover  topics that  impact  investment  returns, such  
as  the grain  markets,  natural  gas
 and  global  cooling.  Generally
(but  not  always
), our   macro/thematic reports are married with  our
individual
 stock ideas  to enhance both our informational advantage
and client returns.

In  addition, our analysts are  always available to subscribers and we
frequently   travel   to  meet  our  clients  to  discuss  ideas  and   the
markets in general.


Domestic Short Only Subscription Service
In the near  future,  Unit  Economics  will  offer  a short-only research
service.   Our  short-only   service   will   allow   us   to  leverage  our
extensive  short-selling  experience  and  dedicate  more   resources
toward  uncovering 'investment grade'  short ideas without alienating
our long-only clients.  


Recipients of this research should be  aware  that the publisher may
invest in many of the same ideas it provides to  its  research  clients,
either for its own account or in connection with managing  assets  for
third  parties.   The  publisher  is  not   obligated   to   invest   in   the
companies addressed  in  research  reports and  it may  buy, sell, or
hold such  companies  at  any  time  in its sole discretion and without
any obligation  to  inform  research  clients  of such actions.  In many
cases, the publisher may buy or sell positions  for its own account or
in connection with managing assets  for  third  parties  in advance of
delivery  of  research  reports.   Your  subscription  to   this   service
constitutes your acceptance of this policy.