From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2609 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Monday, July 15 2002 Volume 02 : Number 2609 In this issue: Re: [CANSLIM] Cheap? Re: [CANSLIM] Cheap? [CANSLIM] Distribution Days RE: [CANSLIM] Too Much Building RE: [CANSLIM] Boomer Babies Re: [CANSLIM] Holy Smokes Re: [CANSLIM] Too Much Building RE: [CANSLIM] Cheap? ---------------------------------------------------------------------- Date: Mon, 15 Jul 2002 16:50:57 -0700 From: "zillagirl" Subject: Re: [CANSLIM] Cheap? I emailed Mr. Tom Petruno at the L.A.Times today and asked him if he could clarify the differences in he's figure and the figure on the 2 web sits discussed-will let you know what I find out. - ----- Original Message ----- From: "Fred Richards" To: Sent: Monday, July 15, 2002 3:42 PM Subject: RE: [CANSLIM] Cheap? > the latest www.decisionpoint.com report on the PE ratio for the S&P 500 for > the week ending 6/12/02 stood at a still whopping 39.60 times! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fred Richards > Sent: Sunday, July 14, 2002 7:55 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Cheap? > > > As an neophyte investor, what you are missing is an doubting mind. > > It is the credibility of the estimates that the author is using. > > Does the article state what firm and/or analyst made the estimates and on > what basis they were made and/or the time frame? > > Based upon the most reliable information I have using information prior to > the revamping of the list effective July 19, I believe, the S&P 500 is still > selling way over 19 times forward 12 month earnings. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl > Sent: Sunday, July 14, 2002 7:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Cheap? > > > There is quite an extensive article in the L.A. Times today about the > markets. In there it states that " the average stock in the S & P 500 is > priced at about 19 times this years expected earnings per share, by many > wall street estimates. That is far above the historical average > price -to -earnings ratio of about 14." I think I like these numbers a > little better. What's up-am I missing something here? > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, July 13, 2002 7:06 PM > Subject: Re: [CANSLIM] Cheap? > > > > I make no investment decisions, or even select stocks for watching, on the > > basis of their history. The market, and stock prices, moves on > expectations. > > Those expectations are based on projected earnings, not what they did last > > year, or five years ago. > > > > ----- Original Message ----- > > From: "Rocky Sanghvi" > > To: > > Sent: Saturday, July 13, 2002 9:41 PM > > Subject: RE: [CANSLIM] Cheap? > > > > > > Lois, > > > > This was one of the news items on the nasdaq.com website frontpage. If > you > > wish to see it you need to go to nasdaq.com and scan some of the older > news > > items. > > This was was from the Dow Jones News Wire. > > > > Best Wishes > > Rocky > > > > PS Tom - I am not sure why we shouldnt look at trailing earnings as a part > > of your overall investment outlook. Yes maybe not CANSLIM (which only > looks > > at future earnings) but if we are looking at charts and history we may as > > well consider historical facts such as what the news item was referring > to. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois > > Sent: Saturday, July 13, 2002 9:54 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Cheap? > > > > > > Rocky, > > > > Would you be so kind as to post a link for the info below? > > > > TIA, > > Lois > > > > Rocky Sanghvi wrote: > > > > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65 > > > > > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's > > 500 > > > index at the close of trading Friday, July 12, was 37.31. > > > Thursday, the ratio was 37.65. > > > > > > The lowest price/earnings ratio on the S&P 500 came in the second > quarter > > of > > > 1949, when the reading slipped to 5.9. Over the last decade, the low was > > > 15.77 in the first quarter of 1995. > > > > > > The price/earnings ratio, known as the multiple, is a measure of the > > average > > > stock price divided by the average earnings per share. The earnings data > > is > > > based on the trailing four quarters. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 17:17:33 -0700 From: "zillagirl" Subject: Re: [CANSLIM] Cheap? sorry about the spelling-long day.zilla - ----- Original Message ----- From: "zillagirl" To: Sent: Monday, July 15, 2002 4:50 PM Subject: Re: [CANSLIM] Cheap? > I emailed Mr. Tom Petruno at the L.A.Times today and asked him if he could > clarify the differences in he's figure and the figure on the 2 web sits > discussed-will let you know what I find out. > ----- Original Message ----- > From: "Fred Richards" > To: > Sent: Monday, July 15, 2002 3:42 PM > Subject: RE: [CANSLIM] Cheap? > > > > the latest www.decisionpoint.com report on the PE ratio for the S&P 500 > for > > the week ending 6/12/02 stood at a still whopping 39.60 times! > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fred Richards > > Sent: Sunday, July 14, 2002 7:55 PM > > To: canslim@lists.xmission.com > > Subject: RE: [CANSLIM] Cheap? > > > > > > As an neophyte investor, what you are missing is an doubting mind. > > > > It is the credibility of the estimates that the author is using. > > > > Does the article state what firm and/or analyst made the estimates and on > > what basis they were made and/or the time frame? > > > > Based upon the most reliable information I have using information prior to > > the revamping of the list effective July 19, I believe, the S&P 500 is > still > > selling way over 19 times forward 12 month earnings. > > > > > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl > > Sent: Sunday, July 14, 2002 7:25 PM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Cheap? > > > > > > There is quite an extensive article in the L.A. Times today about the > > markets. In there it states that " the average stock in the S & P 500 is > > priced at about 19 times this years expected earnings per share, by many > > wall street estimates. That is far above the historical average > > price -to -earnings ratio of about 14." I think I like these numbers a > > little better. What's up-am I missing something here? > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Saturday, July 13, 2002 7:06 PM > > Subject: Re: [CANSLIM] Cheap? > > > > > > > I make no investment decisions, or even select stocks for watching, on > the > > > basis of their history. The market, and stock prices, moves on > > expectations. > > > Those expectations are based on projected earnings, not what they did > last > > > year, or five years ago. > > > > > > ----- Original Message ----- > > > From: "Rocky Sanghvi" > > > To: > > > Sent: Saturday, July 13, 2002 9:41 PM > > > Subject: RE: [CANSLIM] Cheap? > > > > > > > > > Lois, > > > > > > This was one of the news items on the nasdaq.com website frontpage. If > > you > > > wish to see it you need to go to nasdaq.com and scan some of the older > > news > > > items. > > > This was was from the Dow Jones News Wire. > > > > > > Best Wishes > > > Rocky > > > > > > PS Tom - I am not sure why we shouldnt look at trailing earnings as a > part > > > of your overall investment outlook. Yes maybe not CANSLIM (which only > > looks > > > at future earnings) but if we are looking at charts and history we may > as > > > well consider historical facts such as what the news item was referring > > to. > > > > > > -----Original Message----- > > > From: owner-canslim@lists.xmission.com > > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois > > > Sent: Saturday, July 13, 2002 9:54 AM > > > To: canslim@lists.xmission.com > > > Subject: Re: [CANSLIM] Cheap? > > > > > > > > > Rocky, > > > > > > Would you be so kind as to post a link for the info below? > > > > > > TIA, > > > Lois > > > > > > Rocky Sanghvi wrote: > > > > > > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65 > > > > > > > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & > Poor's > > > 500 > > > > index at the close of trading Friday, July 12, was 37.31. > > > > Thursday, the ratio was 37.65. > > > > > > > > The lowest price/earnings ratio on the S&P 500 came in the second > > quarter > > > of > > > > 1949, when the reading slipped to 5.9. Over the last decade, the low > was > > > > 15.77 in the first quarter of 1995. > > > > > > > > The price/earnings ratio, known as the multiple, is a measure of the > > > average > > > > stock price divided by the average earnings per share. The earnings > data > > > is > > > > based on the trailing four quarters. > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 18:13:42 -0700 From: "Scott Gettis" Subject: [CANSLIM] Distribution Days In the new edition of HTMMIS on page 62, the book sites 3/10/00 and 3/24/00 as distribution days on the Nasdaq. However, both days closed on lower volume than the day before, so how can these days be considered distribution days? My understanding of a distribution days is A) Index closes lower on higher volume than the day before B) During an uptrend, the index barely closes higher(usually in the lower half of its range) and has higher volume than the day before. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 21:57:25 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Too Much Building This is a multi-part message in MIME format. - ------=_NextPart_000_0031_01C22C4A.9D8709B0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I respectfully disagree: This morning I had my usual coffee with my bride who likes it so strong her best friends refuse to frequent her presence at java time. This time I ground it, to Espresso consistency: very fine. I knew it would blow my head off, and it did. She gasped with delight. The coffee: Starbucks Breakfast Blend. Two pounds for $16.95. Purchased at Sam's Club, Sarasota, FL. The nation's third largest chain, Publix, based here in Florida, has been selling SBUX beans for some time. 10 oz for $8.99. As for the saturation, you can convert all the customers you want. But EVERY store has a trading radius; when you put the same store within another's radius, you can convert all you want, you're stealing from Peter to pay Paul. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mendheart@aol.com Sent: Monday, July 15, 2002 3:43 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Too Much Building In a message dated 7/15/02 8:49:01 AM Mountain Daylight Time, dukemill@tampabay.rr.com writes: As for Starbucks, once they reach saturation, you watch. They'll then put the squeeze on to milk (cream?) earnings out of the cash cow. And so on... Duke I respectfully disagree on SBUX Duke. SBUX learned the saturation game a long time ago. It has the most superlative property acquisition team in the country. We've heard the saturation thing many times but they're amazing at converting new customers in a closely well defined region. Furthermore, they haven't cannibalized their store business by making coffee available in supermarkets. MCD is a different cat! - ------=_NextPart_000_0031_01C22C4A.9D8709B0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
I respectfully=20 disagree:  This morning I had my usual coffee with my bride who = likes it so=20 strong her best friends refuse to frequent her presence at java = time.  This=20 time I ground it, to Espresso consistency: very fine.  I knew it = would blow=20 my head off, and it did.  She gasped with delight.  The=20 coffee:  Starbucks Breakfast Blend.  Two pounds for = $16.95. =20 Purchased at Sam's Club, Sarasota, FL.   The nation's = third=20 largest chain, Publix, based here in Florida, has been selling SBUX = beans for=20 some time.  10 oz for $8.99.
 
As for the = saturation, you=20 can convert all the customers you want.  But EVERY store has a = trading=20 radius; when you put the same store within another's radius, you can = convert all=20 you want, you're stealing from Peter to pay Paul.  =
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mendheart@aol.com
Sent: Monday, July 15, = 2002=20 3:43 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Too Much Building

In a message dated 7/15/02 = 8:49:01 AM=20 Mountain Daylight Time, dukemill@tampabay.rr.com writes:


As for Starbucks, once they reach saturation, you = watch. =20 They'll then
put the squeeze on to milk (cream?) earnings out of = the cash=20 cow.  And
so on...

Duke


I = respectfully=20 disagree on SBUX Duke.  SBUX learned the saturation game a long = time=20 ago.  It has the most superlative property acquisition team in = the=20 country.  We've heard the saturation thing many times but they're = amazing=20 at converting new customers in a closely well defined region. =20 Furthermore, they haven't cannibalized their store business by making = coffee=20 available in supermarkets.  MCD is a different cat!=20 - ------=_NextPart_000_0031_01C22C4A.9D8709B0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 22:05:41 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Boomer Babies Great input guys. Who wants to help me put together a VC group for McShrink's? Twenty-four-hour walk-in; we could get a clown to be our TV spokesman; drive-thru windows; even playgrounds for those really in need! Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Bill Triffet Sent: Friday, July 12, 2002 2:59 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Boomer Babies - ----- Original Message ----- From: To: Sent: Friday, July 12, 2002 11:30 AM Subject: Re: [CANSLIM] Boomer Babies > Winston and Duke: > > IBD's Trend and Innovations (Page 2) of 7/11/02 confirms the > belief that > the baby boom trend is expected to have an impact on individual stocks > in the > market. Here is what it said (the relevant passages): > > "Doctors gave out 146 prescriptions per 100 vistis in '99. > That's up 34% from '85. That trend, spurred largely by an aging > population is likely > to result in a doubling of drug spending in the next 5 years. Psychiatrists > had the biggest increase in prescription rates, 117%." > > To me this is surprising (the psychiatrist part), and doesn't > bode well > for my upcoming goldie-oldie years-although, come to think of it-this > may indicate that more drugs are now available (and are being > prescribed) to ameliorate dementia and Alzheimers. Hans, I'd not be surpized by the psychiatrist part at all. I'm not sure if a 40,50, or 60+ person is any more stressed today than 100 years ago but there are a lot more drugs for the problem. Look at deppression, OCD, and anxiety treatments now. Drugs like Paxil, Prozac, and Buspar (sp) are VERY popular prescriptions EVEN for the HMO's to dish out. I have several friends and family on long term use of these drugs. It's quite the norm now. As physical health improves so does the need for mental health. It will be interesting 20 years from now to see where it all lead us. I'd keep a close eye on these trends. - -Bill - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 22:13:51 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Holy Smokes only filled one limit order, and it's down slightly from my fill. Yes, I would buy more if I had cash left. - ----- Original Message ----- From: "Rocky Sanghvi" To: Sent: Monday, July 15, 2002 2:21 PM Subject: RE: [CANSLIM] Holy Smokes Tom, While I am writing - Dow is down 375 points, Nasdaq 45 and S&P 31. Just out of curiosity, would you add to your positions that you initiated this morning? Rocky - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Sunday, July 14, 2002 9:17 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Too Much Building some of the construction I see around here in the past few years is replacing older stores with newer ones, often in better locations. Publix grocery store tore down and replaced two of their stores near me in the same location, but that meant some loss of business. Walgreens drug store renovated one store, but built a new one, then closed one older one in a shopping center (I believe they own the new, stand alone ones). - ----- Original Message ----- From: "zillagirl" To: Sent: Sunday, July 14, 2002 9:14 PM Subject: Re: [CANSLIM] Too Much Building could it be they need some kind of tax write off , or exspense charge. Its strange that it seems to span all types of business and areas. Its like they found something that is working for them right now and everybody is using it. Dont know much about accounting so maybe I'm wrong. Cant help be suspicious after all thats going on with the auditors and CEO problems. - ----- Original Message ----- From: "Kent Norman" To: Sent: Sunday, July 14, 2002 9:47 AM Subject: Re: [CANSLIM] Too Much Building > Does anyone remember the apartment building boom? I think it was in the > late '80s ? I remember driving past one project after another, Several > friends made the same comment to the effect of "I can't see why they > are still building when the can't fill the ones they already have". > Then I watched as several projects were boarded up and it took about 10 > years for the demand to catch up. > > Now In the Dallas/Fort Worth area, we have a Wallgreens and Eckerd on > opposite corners similar to the way gas stations once were. Home Depot > and Lowes are playing a similar game. I have 3 HDs and 2 Lowes within > about a 6 mile radius. I went to the Lowes last night that is further > from my house just because it has fewer shoppers at the checkouts and I > don't have to wait in line. > > Regards > Kent Norman > > > --- Tom Worley wrote: > > I can comment on Miami (FL). Construction is still vibrant, even with > > unemployment over the national average. Roads continue to be ripped > > up, and already congested traffic further disrupted, as more and more > > fiber optic cable continues to be laid. A Home Depot is being built > > only about 4 miles from my home, will save me the longer trip to one > > about 9 miles or so away. Location seems to me ideal, lots of > > apartment and high value residential properties nearby. > > > > ----- Original Message ----- > > From: Alicia Lensing > > To: canslim@lists.xmission.com > > Sent: Sunday, July 14, 2002 11:04 AM > > Subject: Re: [CANSLIM] Too Much Building > > > > > > Gene: > > > > I, too, notice this in Dallas, and thought perhaps it was in part > > due to the ravages of the telecom corridor in Richardson. However, > > just last evening, we entertained a guest from Miami, as well as one > > from NYC, and the subject of consumer spending arose. I feel like > > the situation you mention is not confined to Dallas. Perhaps all the > > refinane money has been spent, and shoppers are pulling in the reins. > > > > Alicia > > ----- Original Message ----- > > From: Gene Ricci > > To: canslim@lists.xmission.com > > Sent: Saturday, July 13, 2002 9:52 PM > > Subject: [CANSLIM] Too Much Building > > > > > > I've been looking around the Dallas area and all I see is opening > > of new stores and malls. Of course the old ones are empty. An example > > is COSTCO.... they have 2 stores about 7 miles apart and virtually > > brand new... both have more help than customers. Looks like to thirst > > for market share hasn't taken a back seat to profits. This 'glut' > > reminds of the gas station on every corner, not too long ago. Is it > > just Dallas or is this happening all over? > > > > Gene > > > > > ===== > Opportunities always look bigger going than coming. > > __________________________________________________ > Do You Yahoo!? > Yahoo! Autos - Get free new car price quotes > http://autos.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 23:02:17 -0400 From: "J. Lobatto" Subject: Re: [CANSLIM] Too Much Building This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01C22C53.AAB39A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageHere in NYC, I watched as SBUX ran every competitor out of = business. They would open stores directly across the street from rivals = and within a few months SBUX shut the enemy down. Of couse the = population density here allows for the profitable existence of a = Starbucks every few blocks, but their path to dominance was a veritable = coffee neutron bomb. Killed all the competitors but left the stores = standing so they could move in to the choicest locations. Jon ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Monday, July 15, 2002 9:57 PM Subject: RE: [CANSLIM] Too Much Building I respectfully disagree: This morning I had my usual coffee with my = bride who likes it so strong her best friends refuse to frequent her = presence at java time. This time I ground it, to Espresso consistency: = very fine. I knew it would blow my head off, and it did. She gasped = with delight. The coffee: Starbucks Breakfast Blend. Two pounds for = $16.95. Purchased at Sam's Club, Sarasota, FL. The nation's third = largest chain, Publix, based here in Florida, has been selling SBUX = beans for some time. 10 oz for $8.99. As for the saturation, you can convert all the customers you want. = But EVERY store has a trading radius; when you put the same store within = another's radius, you can convert all you want, you're stealing from = Peter to pay Paul. =20 -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Mendheart@aol.com Sent: Monday, July 15, 2002 3:43 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Too Much Building In a message dated 7/15/02 8:49:01 AM Mountain Daylight Time, = dukemill@tampabay.rr.com writes: As for Starbucks, once they reach saturation, you watch. They'll = then put the squeeze on to milk (cream?) earnings out of the cash cow. = And so on... Duke I respectfully disagree on SBUX Duke. SBUX learned the saturation = game a long time ago. It has the most superlative property acquisition = team in the country. We've heard the saturation thing many times but = they're amazing at converting new customers in a closely well defined = region. Furthermore, they haven't cannibalized their store business by = making coffee available in supermarkets. MCD is a different cat!=20 - ------=_NextPart_000_0014_01C22C53.AAB39A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Here in NYC, I watched as SBUX = ran every=20 competitor out of business. They would open stores directly across the = street=20 from rivals and within a few months SBUX shut the enemy down. Of couse = the=20 population density here allows for the profitable existence of a = Starbucks every=20 few blocks, but their path to dominance was a veritable coffee neutron = bomb.=20 Killed all the competitors but left the stores standing so they could = move in to=20 the choicest locations.
 
Jon
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Monday, July 15, 2002 = 9:57 PM
Subject: RE: [CANSLIM] Too Much = Building

I = respectfully=20 disagree:  This morning I had my usual coffee with my bride who = likes it=20 so strong her best friends refuse to frequent her presence at java = time. =20 This time I ground it, to Espresso consistency: very fine.  I = knew it=20 would blow my head off, and it did.  She gasped with = delight.  The=20 coffee:  Starbucks Breakfast Blend.  Two pounds for=20 $16.95.  Purchased at Sam's Club, Sarasota, FL.   = The=20 nation's third largest chain, Publix, based here in Florida, has been = selling=20 SBUX beans for some time.  10 oz for $8.99.
 
As for the = saturation,=20 you can convert all the customers you want.  But EVERY store has = a=20 trading radius; when you put the same store within another's radius, = you can=20 convert all you want, you're stealing from Peter to pay Paul. =20
 
 
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Mendheart@aol.com
Sent: Monday, July = 15, 2002=20 3:43 PM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] Too Much Building

In a message dated 7/15/02 = 8:49:01 AM=20 Mountain Daylight Time, dukemill@tampabay.rr.com writes:


As for Starbucks, once they reach saturation, you = watch. =20 They'll then
put the squeeze on to milk (cream?) earnings out = of the=20 cash cow.  And
so on...

Duke


I=20 respectfully disagree on SBUX Duke.  SBUX learned the = saturation game a=20 long time ago.  It has the most superlative property = acquisition team=20 in the country.  We've heard the saturation thing many times = but=20 they're amazing at converting new customers in a closely well = defined=20 region.  Furthermore, they haven't cannibalized their store = business by=20 making coffee available in supermarkets.  MCD is a different=20 cat!
- ------=_NextPart_000_0014_01C22C53.AAB39A00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 15 Jul 2002 23:36:20 -0400 From: "inderjit" Subject: RE: [CANSLIM] Cheap? You can easily ;-) find out what a stock is worth by visiting http://www.valuepro.net/index.shtml. AOL is worth zero, NVR 1800+ etc. Regards and have a profitable Tuesday. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of zillagirl Sent: Monday, July 15, 2002 7:51 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Cheap? I emailed Mr. Tom Petruno at the L.A.Times today and asked him if he could clarify the differences in he's figure and the figure on the 2 web sits discussed-will let you know what I find out. - ----- Original Message ----- From: "Fred Richards" To: Sent: Monday, July 15, 2002 3:42 PM Subject: RE: [CANSLIM] Cheap? > the latest www.decisionpoint.com report on the PE ratio for the S&P > 500 for > the week ending 6/12/02 stood at a still whopping 39.60 times! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fred Richards > Sent: Sunday, July 14, 2002 7:55 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Cheap? > > > As an neophyte investor, what you are missing is an doubting mind. > > It is the credibility of the estimates that the author is using. > > Does the article state what firm and/or analyst made the estimates and > on what basis they were made and/or the time frame? > > Based upon the most reliable information I have using information > prior to the revamping of the list effective July 19, I believe, the > S&P 500 is still > selling way over 19 times forward 12 month earnings. > > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl > Sent: Sunday, July 14, 2002 7:25 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Cheap? > > > There is quite an extensive article in the L.A. Times today about the > markets. In there it states that " the average stock in the S & P 500 > is priced at about 19 times this years expected earnings per share, by > many wall street estimates. That is far above the historical average > price -to -earnings ratio of about 14." I think I like these numbers a > little better. What's up-am I missing something here? > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Saturday, July 13, 2002 7:06 PM > Subject: Re: [CANSLIM] Cheap? > > > > I make no investment decisions, or even select stocks for watching, > > on the > > basis of their history. The market, and stock prices, moves on > expectations. > > Those expectations are based on projected earnings, not what they > > did last > > year, or five years ago. > > > > ----- Original Message ----- > > From: "Rocky Sanghvi" > > To: > > Sent: Saturday, July 13, 2002 9:41 PM > > Subject: RE: [CANSLIM] Cheap? > > > > > > Lois, > > > > This was one of the news items on the nasdaq.com website frontpage. > > If > you > > wish to see it you need to go to nasdaq.com and scan some of the > > older > news > > items. > > This was was from the Dow Jones News Wire. > > > > Best Wishes > > Rocky > > > > PS Tom - I am not sure why we shouldnt look at trailing earnings as > > a part > > of your overall investment outlook. Yes maybe not CANSLIM (which > > only > looks > > at future earnings) but if we are looking at charts and history we > > may as > > well consider historical facts such as what the news item was > > referring > to. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois > > Sent: Saturday, July 13, 2002 9:54 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Cheap? > > > > > > Rocky, > > > > Would you be so kind as to post a link for the info below? > > > > TIA, > > Lois > > > > Rocky Sanghvi wrote: > > > > > > S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65 > > > > > > NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's > > 500 > > > index at the close of trading Friday, July 12, was 37.31. > > > Thursday, the ratio was 37.65. > > > > > > The lowest price/earnings ratio on the S&P 500 came in the second > quarter > > of > > > 1949, when the reading slipped to 5.9. Over the last decade, the > > > low was > > > 15.77 in the first quarter of 1995. > > > > > > The price/earnings ratio, known as the multiple, is a measure of > > > the > > average > > > stock price divided by the average earnings per share. The > > > earnings data > > is > > > based on the trailing four quarters. > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". > > > Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or -"unsubscribe > canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2609 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.