Letters from the President

Letters from the President

2021 Annual Report Letter

March, 2022 Letter to Shareholders

(2021 Annual Report)

Oct 2021 Letter

October, 2021 Letter to Shareholders

2020 Annual Report Letter

March, 2021 Letter to Shareholders

(2020 Annual Report)

Oct 2020 Letter

October, 2020 Letter to Shareholders

2019 Annual Report Letter

March, 2020 Letter to Shareholders

(2019 Annual Report)

Oct 2019 Letter

October, 2019 Letter to Shareholders

2018 Annual Report Letter

March, 2019 Letter to Shareholders

(2018 Annual Report)

2017 Annual Report Letter

March, 2018 Letter to Shareholders

(2017 Annual Report)

2016 Annual Report Letter

March, 2017 Letter to Shareholders

(2016 Annual Report)

2015 Annual Report Letter

March, 2016 Letter to Shareholders

(2015 Annual Report)

New Years Letter

January 1, 2016 New Year's Letter With Overview Of Products

2014 Annual Report Letter

March, 2015 Letter to Shareholders

(2014 Annual Report)

October, 2014 Letter to Shareholders

October, 2014 Letter to Shareholders

2013 Annual Report Letter

March, 2014 Letter to Shareholders

(2013 Annual Report)

2012 Annual Report Letter

March, 2013 Letter to Shareholders

(2012 Annual Report)

2012 Dividend Letter

October 5, 2012 Letter to Shareholders

(second semi-annual dividend letter)

2011 Annual Report

March 1, 2012 Letter to Shareholders

(2011 Annual Report)

September 2011 Letter

August 31, 2011 Letter to Shareholders

2010 Annual Report

March 1, 2011 Letter to Shareholders

(2010 Annual Report)

2010-08-18 Shareholder Letter

August 18, 2010 Letter to Shareholders

2009 Annual Report

March 5, 2010 Letter to Shareholders

(2009 Annual Report)

2008 Annual Report

March 10, 2009 Letter to Shareholders

(2008 Annual Report)

2008-10-07 Shareholder Letter

October 7, 2008 Letter to Shareholders