UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2007
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Value Line Inc
Address: 220 East 42nd Street
New York, NY 10017
13F File Number: 28-00401
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David Henigson
Title: Vice President
Phone: 212-907-1600
Signature, Place, and Date of Signing:
/s/ David Henigson New York, NY January 09, 2008
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form13F Information Table Entry Total: 1021
Form13F Information Table Value Total: $3,264,529 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AAR CORP COM 000361105 2502 65800 SH DEFINED 0 65800 0
AARON RENTS INC COM 002535201 733 38100 SH DEFINED 0 38100 0
ABAXIS INC COM 002567105 818 22800 SH DEFINED 0 22800 0
ABB LTD SPONSORED ADR 000375204 2448 85000 SH DEFINED 0 85000 0
ACACIA RESH CORP ACACIA TCH COM 003881307 207 23000 SH DEFINED 0 23000 0
ACCENTURE LTD BERMUDA CL A G1150G111 3037 84300 SH DEFINED 0 84300 0
ACE LTD ORD G0070K103 2413 39050 SH DEFINED 0 38500 550
ACTUANT CORP SDCV 2.000%11/1 00508XAB0 87 50000 PRN DEFINED 0 50000 0
ACUITY BRANDS INC COM 00508Y102 5427 120600 SH DEFINED 0 120600 0
ADAPTEC INC NOTE 0.750%12/2 00651FAG3 755 800000 PRN DEFINED 0 800000 0
ADVANCED MICRO DEVICES INC COM 007903107 150 20000 SH DEFINED 0 20000 0
ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 107 150000 PRN DEFINED 0 150000 0
ADVENT SOFTWARE INC COM 007974108 2948 54500 SH DEFINED 0 54500 0
AEROPOSTALE COM 007865108 663 25000 SH DEFINED 0 25000 0
AES CORP COM 00130H105 2631 123000 SH DEFINED 0 123000 0
AETNA INC NEW COM 00817Y108 3285 56900 SH DEFINED 0 56000 900
AFFILIATED COMPUTER SERVICES CL A 008190100 902 20000 SH DEFINED 0 20000 0
AFFILIATED MANAGERS GROUP COM 008252108 6390 54400 SH DEFINED 0 54400 0
AFLAC INC COM 001055102 12207 194900 SH DEFINED 0 194900 0
AGCO CORP COM 001084102 4691 69000 SH DEFINED 0 69000 0
AGCO CORP NOTE 1.250%12/1 001084AM4 271 150000 PRN DEFINED 0 150000 0
AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1917 1900000 PRN DEFINED 0 1900000 0
AGILENT TECHNOLOGIES INC COM 00846U101 2756 75000 SH DEFINED 0 75000 0
AGL RES INC COM 001204106 2326 61800 SH DEFINED 0 61800 0
AGRIUM INC COM 008916108 9098 126000 SH DEFINED 0 126000 0
AIR METHODS CORP COM PAR $.06 009128307 700 14100 SH DEFINED 0 14100 0
AIR PRODS & CHEMS INC COM 009158106 4044 41000 SH DEFINED 0 41000 0
AIRGAS INC COM 009363102 7921 152000 SH DEFINED 0 152000 0
AKAMAI TECHNOLOGIES INC COM 00971T101 657 19000 SH DEFINED 0 19000 0
ALABAMA NATL BANCORP DELA COM 010317105 615 7900 SH DEFINED 0 7900 0
ALASKA AIR GROUP INC COM 011659109 1002 40050 SH DEFINED 0 38000 2050
ALASKA COMMUNICATIONS SYS GR COM 01167P101 1998 133200 SH DEFINED 0 133200 0
ALBEMARLE CORP COM 012653101 8506 206200 SH DEFINED 0 206200 0
ALCON INC COM SHS H01301102 5807 40600 SH DEFINED 0 40600 0
ALEXANDER & BALDWIN INC COM 014482103 517 10000 SH DEFINED 0 10000 0
ALEXION PHARMACEUTICALS INC COM 015351109 9364 124800 SH DEFINED 0 124800 0
ALIGN TECHNOLOGY INC COM 016255101 1024 61400 SH DEFINED 0 61400 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 5651 65400 SH DEFINED 0 65400 0
ALLERGAN INC NOTE 1.500% 4/0 018490AL6 293 250000 PRN DEFINED 0 250000 0
ALLERGAN INC COM 018490102 3173 49400 SH DEFINED 0 49400 0
ALLETE INC COM NEW 018522300 1187 30000 SH DEFINED 0 30000 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 6629 88400 SH DEFINED 0 88400 0
ALLIANCE RES PARTNER L P UT LTD PART 01877R108 725 20000 SH DEFINED 0 20000 0
ALLIANT TECHSYSTEMS INC COM 018804104 5927 52100 SH DEFINED 0 52000 100
ALLIANT TECHSYSTEMS INC NOTE 2.750% 2/1 018804AH7 518 350000 PRN DEFINED 0 350000 0
ALLIED WASTE INDS INC SDCV 4.250% 4/1 019589AD2 186 200000 PRN DEFINED 0 200000 0
ALLSCRIPTS HEALTHCARE SOLUTI COM 01988P108 4117 212000 SH DEFINED 0 212000 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 445 15300 SH DEFINED 0 15300 0
ALTRIA GROUP INC COM 02209S103 1303 17240 SH DEFINED 0 17000 240
ALZA CORP SDCV 7/2 02261WAB5 275 300000 PRN DEFINED 0 300000 0
AMAG PHARMACEUTICALS INC COM 00163U106 2580 42900 SH DEFINED 0 42900 0
AMAZON COM INC COM 023135106 8616 93000 SH DEFINED 0 93000 0
AMCOL INTL CORP COM 02341W103 6792 188500 SH DEFINED 0 188500 0
AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 152 150000 PRN DEFINED 0 150000 0
AMEDISYS INC COM 023436108 5944 122500 SH DEFINED 0 121633 867
AMERCO COM 023586100 1931 29400 SH DEFINED 0 29400 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 2087 34000 SH DEFINED 0 34000 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 509 24500 SH DEFINED 0 23000 1500
AMERICAN ELEC PWR INC COM 025537101 1630 35000 SH DEFINED 0 35000 0
AMERICAN EXPRESS CO COM 025816109 943 18125 SH DEFINED 0 17000 1125
AMERICAN FINL GROUP INC OHIO COM 025932104 3567 123500 SH DEFINED 0 123500 0
AMERICAN INTL GROUP INC COM 026874107 945 16210 SH DEFINED 0 15000 1210
AMERICAN PHYSICIANS CAPITAL COM 028884104 524 12650 SH DEFINED 0 12650 0
AMERICAN SCIENCE & ENGR INC COM 029429107 568 10000 SH DEFINED 0 10000 0
AMERICAN STS WTR CO COM 029899101 1782 47300 SH DEFINED 0 47300 0
AMERICAN TOWER CORP CL A 029912201 7420 174167 SH DEFINED 0 174167 0
AMERIGON INC COM 03070L300 474 22400 SH DEFINED 0 22400 0
AMERIPRISE FINL INC COM 03076C106 1653 30000 SH DEFINED 0 30000 0
AMERISTAR CASINOS INC COM 03070Q101 1680 61000 SH DEFINED 0 61000 0
AMERON INTL INC COM 030710107 4810 52200 SH DEFINED 0 52200 0
AMETEK INC NEW COM 031100100 10413 222300 SH DEFINED 0 222300 0
AMGEN INC NOTE 0.375% 2/0 031162AQ3 176 200000 PRN DEFINED 0 200000 0
AMKOR TECHNOLOGY INC COM 031652100 213 25000 SH DEFINED 0 25000 0
AMPCO-PITTSBURGH CORP COM 032037103 591 15500 SH DEFINED 0 15500 0
AMPHENOL CORP NEW CL A 032095101 10702 230800 SH DEFINED 0 230800 0
ANADARKO PETE CORP COM 032511107 1583 24100 SH DEFINED 0 22750 1350
ANADIGICS INC COM 032515108 1169 101000 SH DEFINED 0 101000 0
ANALOG DEVICES INC COM 032654105 951 30000 SH DEFINED 0 30000 0
ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 1070 25000 SH DEFINED 0 25000 0
ANHEUSER BUSCH COS INC COM 035229103 2109 40300 SH DEFINED 0 40000 300
ANIXTER INTL INC NOTE 7/0 035290AG0 95 100000 PRN DEFINED 0 100000 0
ANIXTER INTL INC COM 035290105 8357 134200 SH DEFINED 0 134200 0
ANSOFT CORP COM 036384105 2218 85800 SH DEFINED 0 85800 0
ANSYS INC COM 03662Q105 14370 346600 SH DEFINED 0 346600 0
AON CORP COM 037389103 3195 67000 SH DEFINED 0 67000 0
APACHE CORP COM 037411105 1914 17800 SH DEFINED 0 17200 600
APOLLO GROUP INC CL A 037604105 4349 62000 SH DEFINED 0 62000 0
APPLE INC COM 037833100 8914 45000 SH DEFINED 0 45000 0
APPLERA CORP COM AP BIO GRP 038020103 1469 43300 SH DEFINED 0 43300 0
APPLIED INDL TECHNOLOGIES IN COM 03820C105 2750 94750 SH DEFINED 0 94750 0
APRIA HEALTHCARE GROUP INC NOTE 3.375% 9/0 037933AB4 200 200000 PRN DEFINED 0 200000 0
APTARGROUP INC COM 038336103 5208 127300 SH DEFINED 0 127300 0
ARACRUZ CELULOSE S A SPON ADR PFD B 038496204 1041 14000 SH DEFINED 0 14000 0
ARBITRON INC COM 03875Q108 2644 63600 SH DEFINED 0 63600 0
ARCH CAP GROUP LTD ORD G0450A105 3672 52200 SH DEFINED 0 52200 0
ARCH CHEMICALS INC COM 03937R102 368 10000 SH DEFINED 0 10000 0
ARCHER DANIELS MIDLAND CO COM 039483102 703 15140 SH DEFINED 0 14000 1140
ARENA RESOURCES INC COM 040049108 3062 73400 SH DEFINED 0 73400 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 732 17382 SH DEFINED 0 17382 0
ARTHROCARE CORP COM 043136100 9860 205200 SH DEFINED 0 205200 0
ASSURANT INC COM 04621X108 3920 58600 SH DEFINED 0 58600 0
ASTA FDG INC COM 046220109 431 16300 SH DEFINED 0 16300 0
ASTEC INDS INC COM 046224101 669 18000 SH DEFINED 0 18000 0
AT&T INC COM 00206R102 6941 167000 SH DEFINED 0 167000 0
ATHEROS COMMUNICATIONS INC COM 04743P108 4401 144100 SH DEFINED 0 144100 0
ATLAS AMER INC COM 049167109 1190 20100 SH DEFINED 0 20100 0
ATP OIL & GAS CORP COM 00208J108 505 10000 SH DEFINED 0 10000 0
ATWOOD OCEANICS INC COM 050095108 601 6000 SH DEFINED 0 6000 0
AUDIOCODES LTD ORD M15342104 202 40000 SH DEFINED 0 40000 0
AUTOLIV INC COM 052800109 1476 28000 SH DEFINED 0 28000 0
AUTOMATIC DATA PROCESSING IN COM 053015103 2672 60000 SH DEFINED 0 60000 0
AUTOZONE INC COM 053332102 1271 10600 SH DEFINED 0 10600 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 768 25600 SH DEFINED 0 25600 0
AVALONBAY CMNTYS INC COM 053484101 866 9200 SH DEFINED 0 9200 0
AVI BIOPHARMA INC COM 002346104 28 20000 SH DEFINED 0 20000 0
AVID TECHNOLOGY INC COM 05367P100 283 10000 SH DEFINED 0 10000 0
AVNET INC DBCV 2.000% 3/1 053807AL7 176 150000 PRN DEFINED 0 150000 0
AVX CORP NEW COM 002444107 403 30000 SH DEFINED 0 30000 0
AXSYS TECHNOLOGIES INC COM 054615109 4581 125000 SH DEFINED 0 125000 0
AZZ INC COM 002474104 403 14200 SH DEFINED 0 14200 0
BADGER METER INC COM 056525108 800 17800 SH DEFINED 0 17800 0
BAKER HUGHES INC COM 057224107 2688 33150 SH DEFINED 0 33000 150
BAKER MICHAEL CORP COM 057149106 1496 36400 SH DEFINED 0 36400 0
BALDOR ELEC CO COM 057741100 2962 88000 SH DEFINED 0 88000 0
BALL CORP COM 058498106 945 21000 SH DEFINED 0 21000 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 4026 166000 SH DEFINED 0 166000 0
BANCO ITAU HLDG FINANCIERA S SP ADR 500 PFD 059602201 3388 131000 SH DEFINED 0 131000 0
BANCO SANTANDER CHILE NEW SP ADR REP COM 05965X109 280 5500 SH DEFINED 0 5500 0
BANCO SANTANDER SA ADR 05964H105 1292 60000 SH DEFINED 0 60000 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1191 35000 SH DEFINED 0 35000 0
BANK HAWAII CORP COM 062540109 6623 129500 SH DEFINED 0 129500 0
BANK MONTREAL QUE COM 063671101 753 13300 SH DEFINED 0 13300 0
BANK NOVA SCOTIA HALIFAX COM 064149107 2909 57600 SH DEFINED 0 57600 0
BANK OF AMERICA CORPORATION COM 060505104 998 24200 SH DEFINED 0 23000 1200
BANK OF NEW YORK MELLON CORP COM 064058100 2828 58000 SH DEFINED 0 58000 0
BARCLAYS PLC ADR 06738E204 807 20000 SH DEFINED 0 20000 0
BARD C R INC COM 067383109 5859 61800 SH DEFINED 0 61800 0
BARNES GROUP INC COM 067806109 7129 213500 SH DEFINED 0 213500 0
BARR PHARMACEUTICALS INC COM 068306109 1062 20000 SH DEFINED 0 20000 0
BARRETT BUSINESS SERVICES IN COM 068463108 189 10500 SH DEFINED 0 10500 0
BAXTER INTL INC COM 071813109 4035 69514 SH DEFINED 0 69514 0
BCE INC COM NEW 05534B760 698 17552 SH DEFINED 0 16660 892
BE AEROSPACE INC COM 073302101 12410 234600 SH DEFINED 0 234600 0
BEAR STEARNS COS INC COM 073902108 3654 41400 SH DEFINED 0 41400 0
BECTON DICKINSON & CO COM 075887109 4388 52500 SH DEFINED 0 52500 0
BELDEN INC COM 077454106 3427 77000 SH DEFINED 0 77000 0
BELL MICROPRODUCTS INC NOTE 3.750% 3/0 078137AC0 132 150000 PRN DEFINED 0 150000 0
BERKLEY W R CORP COM 084423102 1321 44325 SH DEFINED 0 44325 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 6797 48 SH DEFINED 0 48 0
BEST BUY INC COM 086516101 8319 158000 SH DEFINED 0 158000 0
BHP BILLITON LTD SPONSORED ADR 088606108 7960 113650 SH DEFINED 0 113000 650
BIO RAD LABS INC CL A 090572207 5875 56700 SH DEFINED 0 56700 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 631 19300 SH DEFINED 0 19300 0
BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 185 100000 PRN DEFINED 0 100000 0
BLACKBAUD INC COM 09227Q100 3449 123000 SH DEFINED 0 123000 0
BLACKBOARD INC COM 091935502 3985 99000 SH DEFINED 0 99000 0
BLACKROCK INC COM 09247X101 8217 37900 SH DEFINED 0 37900 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 650 29350 SH DEFINED 0 28500 850
BLUE COAT SYSTEMS INC COM NEW 09534T508 1062 32300 SH DEFINED 0 32300 0
BLUE NILE INC COM 09578R103 2423 35600 SH DEFINED 0 35600 0
BLUEPHOENIX SOLUTIONS LTD SHS M20157109 475 26200 SH DEFINED 0 26200 0
BMC SOFTWARE INC COM 055921100 5310 149000 SH DEFINED 0 149000 0
BOEING CO COM 097023105 3166 36200 SH DEFINED 0 36200 0
BOK FINL CORP COM NEW 05561Q201 225 4353 SH DEFINED 0 4353 0
BORGWARNER INC COM 099724106 7339 151600 SH DEFINED 0 151600 0
BOSTON BEER INC CL A 100557107 264 7000 SH DEFINED 0 7000 0
BOSTON SCIENTIFIC CORP COM 101137107 652 56100 SH DEFINED 0 55000 1100
BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 2014 27000 SH DEFINED 0 27000 0
BRE PROPERTIES INC CL A 05564E106 648 16000 SH DEFINED 0 16000 0
BRIGGS & STRATTON CORP COM 109043109 906 40000 SH DEFINED 0 40000 0
BRINKS CO COM 109696104 5108 85500 SH DEFINED 0 85500 0
BRISTOL MYERS SQUIBB CO COM 110122108 679 25600 SH DEFINED 0 23500 2100
BRISTOL MYERS SQUIBB CO DBCV 9/1 110122AN8 2556 2550000 PRN DEFINED 0 2550000 0
BRISTOW GROUP INC COM 110394103 2651 46800 SH DEFINED 0 46800 0
BRISTOW GROUP INC PFD CNV 5.50% 110394400 426 6000 SH DEFINED 0 6000 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 3001 38200 SH DEFINED 0 38200 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1244 34875 SH DEFINED 0 34875 0
BROOKFIELD PPTYS CORP COM 112900105 327 17000 SH DEFINED 0 17000 0
BROWN SHOE INC NEW COM 115736100 653 43050 SH DEFINED 0 43050 0
BRUNSWICK CORP COM 117043109 783 45900 SH DEFINED 0 45000 900
BRUSH ENGINEERED MATLS INC COM 117421107 444 12000 SH DEFINED 0 12000 0
BT GROUP PLC ADR 05577E101 2173 40300 SH DEFINED 0 40300 0
BUCKLE INC COM 118440106 3105 94100 SH DEFINED 0 94100 0
BUCYRUS INTL INC NEW CL A 118759109 10207 102700 SH DEFINED 0 102700 0
BUNGE LIMITED COM G16962105 2470 21220 SH DEFINED 0 20600 620
BURLINGTON NORTHN SANTA FE C COM 12189T104 4561 54800 SH DEFINED 0 54800 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 6527 120600 SH DEFINED 0 120600 0
CA INC COM 12673P105 4466 179000 SH DEFINED 0 179000 0
CABELAS INC COM 126804301 466 30900 SH DEFINED 0 30000 900
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 735 30000 SH DEFINED 0 30000 0
CABOT CORP COM 127055101 500 15000 SH DEFINED 0 15000 0
CADBURY SCHWEPPES PLC ADR 127209302 839 17000 SH DEFINED 0 17000 0
CALIFORNIA WTR SVC GROUP COM 130788102 518 14000 SH DEFINED 0 14000 0
CAMECO CORP COM 13321L108 796 20000 SH DEFINED 0 20000 0
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CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 462 300000 PRN DEFINED 0 300000 0
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CASCADE CORP COM 147195101 1292 27800 SH DEFINED 0 27800 0
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CIENA CORP COM NEW 171779309 4093 120000 SH DEFINED 0 120000 0
CIENA CORP NOTE 0.250% 5/0 171779AB7 209 200000 PRN DEFINED 0 200000 0
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COPART INC COM 217204106 8510 200000 SH DEFINED 0 200000 0
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CORNING INC COM 219350105 3239 135000 SH DEFINED 0 135000 0
CORRECTIONS CORP AMER NEW COM NEW 22025Y407 9004 305100 SH DEFINED 0 305100 0
COSTCO WHSL CORP NEW COM 22160K105 3049 43700 SH DEFINED 0 43700 0
COVANCE INC COM 222816100 13565 156600 SH DEFINED 0 156600 0
COVANTA HLDG CORP COM 22282E102 5482 198200 SH DEFINED 0 198200 0
COVANTA HLDG CORP DBCV 1.000% 2/0 22282EAA0 390 350000 PRN DEFINED 0 350000 0
COVENTRY HEALTH CARE INC COM 222862104 2186 36900 SH DEFINED 0 36900 0
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