VectorVest Stock Analysis of Global Resource as of 12/24/2008

This report has five major sections.
  Capital Appreciation Analysis
  Dividend Analysis
  Price-Volume Data
  Sales / Market Capitalization Information
  Summary

The ticker symbol for Global Resource is GBRC.  GBRC is traded on the
Pink Sheets - (P)

Business: Global Resource, (GBRC) Global Resource Corporation, a
development stage company, engages in the research, development, and
marketing of the business of decomposing petroleum-based materials in
the United States. It develops a patent-pending microwave technology
and machinery that extracts oil and petroleum products from shale
deposits, tar sands, capped oil wells, and bituminous coal; processed
materials, such as tires and plastics; and dredged soil from harbors
and river bottoms. The company is based in West Berlin, New Jersey.
Business Sector: GBRC has been assigned to the Pollution Control
Business Sector. VectorVest classifies stocks into over 200 Industry
Groups and 40 Business Sectors.
Industry Group: GBRC has been assigned to the Pollution Control (Svcs)
Industry Group. VectorVest classifies stocks into over 200 Industry
Groups and 40 Business Sectors.

Capital Appreciation Analysis   Back to top

Value: Value is a measure of a stock's current worth.  GBRC has a
current Value of $0.18 per share. Therefore, it is overvalued compared
to its Price of $1.05 per share.  Value is computed from forecasted
earnings per share, forecasted earnings growth, profitability,
interest, and inflation rates. Value increases when earnings, earnings
growth rate and profitability increase, and when interest and
inflation rates decrease. VectorVest advocates the purchase of
undervalued stocks. At some point in time, a stock's Price and Value
always will converge.

RV (Relative Value): RV is an indicator of long-term price
appreciation potential. GBRC has an RV of 0.43, which is very poor on
a scale of 0.00 to 2.00. This indicator is far superior to a simple
comparison of Price and Value because it is computed from an analysis
of projected price appreciation three years out, AAA Corporate Bond
Rates, and risk. RV solves the riddle of whether it is preferable to
buy High growth, High P/E stocks, or Low growth, Low P/E stocks.
VectorVest favors the purchase of stocks with RV ratings above 1.00.

RS (Relative Safety): RS is an indicator of risk. GBRC has an RS
rating of 0.61, which is poor on a scale of 0.00 to 2.00. RS is
computed from an analysis of the consistency and predictability of a
company's financial performance, debt to equity ratio, sales volume,
business longevity, price volatility and other factors. A stock with
an RS rating greater than 1.00 is safer and more predictable than the
average stock in the VectorVest database. VectorVest favors the
purchase of stocks of companies with consistent, predictable financial
performance.

RT (Relative Timing): RT is a fast, smart, accurate indicator of a
stock's price trend. GBRC has a Relative Timing rating of 0.22, which
is very poor on a scale of 0.00 to 2.00.  RT is computed from an
analysis of the direction, magnitude, and dynamics of a stock's price
movements over one day, one week, one quarter and one year time
periods. Once a stock's price has established a strong trend, it is
expected to continue in that trend for the short-term. If a trend
dissipates, RT will gravitate toward 1.00. RT will explode from
bottoms, dive from tops, and reflect changes in price momentum.
VectorVest favors the purchase of stocks with RT ratings above 1.00.

VST (VST-Vector):  VST is the master indicator for ranking every stock
in the VectorVest database. GBRC has a VST rating of 0.44, which is
very poor on a scale of 0.00 to 2.00. VST is computed from the square
root of a weighted sum of the squares of RV, RS, and RT. Stocks with
the highest VST ratings have the best combinations of Value, Safety
and Timing. These are the stocks to own for above average, long-term
capital appreciation. VectorVest advocates the purchase of safe,
undervalued stocks rising in price.

Recommendation (REC): VectorVest gives a Buy, Sell, Hold
recommendation on every stock, every day. GBRC has a Sell
recommendation. REC reflects the cumulative effect of all the
VectorVest parameters working together. These parameters are designed
to help investors buy safe, undervalued stocks rising in price. They
also help investors avoid or sell risky, overvalued stocks falling in
price. VectorVest recommends that investors buy high VST-Vector, Buy-
rated stocks in rising markets.

Stop (Stop-Price): Stop is an indicator of when to sell a long
position or cover a short position.  GBRC has a Stop of $1.23 per
share. This is $0.18 above GBRC's current closing Price. A stock's
Stop is computed from a 13 week moving average of its closing prices,
and is fine-tuned according to the stock's fundamentals. High RV, high
RS stocks have lower Stops, and low RV, low RS stocks have higher
Stops. In the VectorVest system, a stock gets a 'B' or 'H'
recommendation if its Price is above its Stop and an 'S'
recommendation if its Price is below its Stop.

GRT (Earnings Growth Rate): GRT reflects a company's one to three year
forecasted earnings growth rate in percent per year. GBRC has a
forecasted Earnings Growth Rate of 21.00%, which VectorVest considers
to be excellent. GRT is computed from historical, current and
forecasted earnings data. It is updated each week for every stock in
the VectorVest database. GRT often foretells a stock's future price
trend. If a stock's GRT trend is upward, the stock's price will likely
rise. If GRT is trending downward, the stock's Price will probably
fall. VectorVest favors the purchase of stocks whose GRT is rising and
is greater than the sum of current inflation and interest rates, as
shown weekly in our investment climate report.

EPS (Earnings per Share):  EPS stands for leading 12 months Earnings
Per Share.  GBRC has a forecasted EPS of $-0.54 per share. VectorVest
determines this forecast from a combination of recent earnings
performance and traditional fiscal and/or calendar year earnings
forecasts.

P/E (Price to Earnings Ratio): P/E is a popular measure of stock
valuation which shows the dollars required to buy one dollar of
earnings.  GBRC has a P/E of -1.94. This ratio may be deemed to be
high or low depending upon your frame of reference. The average P/E of
all the stocks in the VectorVest database is 30.18. P/E is computed
daily using the formula: P/E = Price/EPS.

EY (Earnings Yield): EY reflects earnings per share as a percent of
Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may
be used in place of P/E as a measure of valuation. EY has the
advantages that it is always determinate and can reflect negative
earnings. GBRC has an EY of -51.43 percent. This is below the current
average of 3.32% for all the stocks in the VectorVest database. EY
equals 100 x (EPS/Price).

GPE (Growth to P/E Ratio): GPE is another popular measure of stock
valuation. It compares earnings growth rate to P/E ratio. GBRC has a
GPE rating of -10.80.  High growth stocks are believed to be able to
justify high P/E ratios. A stock is commonly considered to be
undervalued when GPE is greater than 1.00 and overvalued when GPE is
below 1.00. Unfortunately, this rule of thumb does not take into
account the effect of interest rates on P/E ratios. The operative GPE
ratio of 1.00 is valid when and only when interest rates equal 10%.
With long-term interest rates currently at 7.38%, the operative GPE
ratio is 0.54. Therefore, GBRC may be considered to be overvalued.

Dividend Analysis   Back to top

DIV (Dividend): VectorVest reports annual, regular, cash dividends as
indicated by the most recent payments. Special distributions, one-time
payments, stock dividends, etc., are not generally included in DIV.
GBRC does not pay a dividend.

DY (Dividend Yield): DY reflects dividend per share as a percent of
Price. GBRC does not pay a dividend, so it does not have a Dividend
Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare
DY with EY. If DY is not significantly lower than EY, the dividend
payment may be in jeopardy.

DS (Dividend Safety): DS is an indicator of the assurance that regular
cash dividends will be declared and paid at current or at higher rates
for the foreseeable future. GBRC does not pay a dividend, so it does
not have a Dividend Safety rating . Stocks with DS values above 75
typically have RS values well above 1.00 and EY levels that are much
higher than DY.

DG (Dividend Growth Rate): Dividend Growth is a subtle yet important
indicator of a company's financial performance. It also provides some
insight into the board's outlook on the company's ability to increase
earnings. GBRC does not pay a dividend, so it does not have a Dividend
Growth rating .

YSG (YSG-Vector): YSG is an indicator which combines DS, DY and DG
into a single value, and allows direct comparison of all dividend-
paying stocks in the database. GBRC does not pay a dividend, so it
does not have a YSG rating . Stocks with the highest YSG values have
the best combinations of Dividend Yield, Safety and Growth. These are
the stocks to buy for above average current income and long-term
growth.

Price-Volume Data   Back to top

Price: GBRC closed on 12/24/2008 at $1.05 per share

Open: GBRC opened trading at a price of $1.10 per share on
12/24/2008.

High: GBRC traded at a High price of $1.10 per share on 12/24/2008.

Low: GBRC traded at a Low price of $1.03 per share on 12/24/2008

Close: GBRC closed trading at price $1.05 per share on 12/24/2008.
(Close is also called Price in the VectorVest system)

Range: Range reflects the difference between the High and Low prices
for the day. GBRC traded with a range of $0.07 per share on
12/24/2008.

$Change: GBRC closed up 0.02 from the prior day's closing Price.

%PRC: GBRC's Price changed 1.94% from the prior day's closing price.

Volume: GBRC traded 22,596 shares on 12/24/2008.

AvgVol: AvgVol is the 50 day moving average of daily volume as
computed by VectorVest. GBRC has an AvgVol of 82,600 shares traded per
day.

%Vol: %Vol reflects the percent change in today's trading volume as
compared to the AvgVol. %Vol equals ((Volume - AvgVol) / AvgVol ) *
100.  GBRC had a %Vol of -72.64% on 12/24/2008

CI (Comfort Index): CI is an indicator which reflects a stock's
ability to resist severe and/or lengthy price declines. GBRC has a CI
rating of 0.32, which is very poor on a scale of 0.00 to 2.00. CI is
quite different from RS in that it is based solely upon a stock's long-
term price history. VectorVest advocates the purchase of high CI
stocks.

Sales / Market Capitalization Information   Back to top

Sales: GBRC has annual sales of $0.00

Sales Growth: Sales Growth is the Sales Growth Rate in percent over
the last 12 months. GBRC has a Sales Growth of 0.00% per year. This is
poor. Sales Growth is updated each week for every stock. It is often
useful to compare Sales Growth to Earnings Growth to gain an insight
into a company's operations.

Sales Per Share (SPS): GBRC has annual sales of $0.00 per share. SPS
can be used as a measure of valuation when comparing stocks within an
Industry Group.

Price to Sales Ratio (P/S): GBRC has a P/S of 0.00. This ratio is also
used as a measure of valuation. Here, too, it is useful when comparing
stocks within an Industry Group.

Shares: GBRC has 62,000,000.00 shares of stock outstanding.

Market Capitalization: GBRC has a Market Capitalization of
$65,000,000.00. Market Capitalization is calculated by multiplying
price times shares outstanding.

Summary   Back to top

GBRC is overvalued compared to its Price of $1.05 per share, has below
average safety, and is currently rated a Sell.

The basic strategy of VectorVest is to buy Low risk, High reward
stocks. We suggest that Prudent investors buy enough High Relative
Value, High Relative Safety stocks to keep the overall RV and RS
ratings of their portfolios above 1.00. As you do this, you'll find
that your risk will go down and your investment performance will
improve.