From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2611 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 Tuesday, July 16 2002 Volume 02 : Number 2611 In this issue: RE: [CANSLIM] Cheap? RE: [CANSLIM] Too Much Building Re: [CANSLIM] Can Greenspan obfuscate investors again! RE: [CANSLIM] Too Much Building RE: [CANSLIM] LLUR vs. Late Stage Base RE: [CANSLIM] Sentiment fulfills conditions for a rally (forwarded from Dhruv Sheth ) RE: [CANSLIM] Cheap? Re: [CANSLIM] Too Much Building ---------------------------------------------------------------------- Date: Tue, 16 Jul 2002 07:30:00 -0500 From: "Hill, Ernie" Subject: RE: [CANSLIM] Cheap? Here is an interesting perspective on PE ratios the S&P and what is or is not cheap. http://www.decisionpoint.com/ChartSpotliteFiles/020712sppe.html E -----Original Message----- From: inderjit [mailto:inderjit@adelphia.net] Sent: Monday, July 15, 2002 10:36 PM To: canslim@lists.xmission.com 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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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: Tue, 16 Jul 2002 08:52:26 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] Too Much Building This is a multi-part message in MIME format. - ------_=_NextPart_001_01C22CD0.04C5EB9C Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable So- to keep this an investment oriented thread- we have established that = Starbucks indeed over saturates the market in some areas and is guilty = of using the Wal-Mart "kill the little guy" strategy. Still- their = growth overseas seems to be tremendous- more popular in Japan than in = America- is that possible? Yikes! How about this: Starbucks and Krispy = Kreme in the same store! (What- they sell books here?) As for the = recipe, see below: =20 Starbucks Espresso blend - recommended amount, use whole bean and burr = grinder, grind fresh every morning, use tamper to set grind Ghiradelli Fudge - two shots worth (shhh- don't tell SBUX) Good espresso machine (make sure it gets hot enough) Fat free, organic milk steamed to 160 degrees (170 if you like it very = hot, but not more than 170 or the milk starts to burn) Bottled Water - this one is extremely important! Tap doesn't cut it! =20 Enjoy! =20 - -----Original Message----- From: Donald Wallker [mailto:dougald@dmv.com] Sent: Tuesday, July 16, 2002 6:28 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Too Much Building By the way - my Wife and I are also fond of Starbucks Coffee. However = we find the Breakfast Blend to be weak. So - what we do is buy and mix = together Starbucks French Roast and Espresso. I suggest that you try = it. VTY Donald =20 - ----- 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. =20 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 =20 =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 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 - ------_=_NextPart_001_01C22CD0.04C5EB9C Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
So- to=20 keep this an investment oriented thread- we have established that = Starbucks=20 indeed over saturates the market in some areas and is guilty of using = the=20 Wal-Mart "kill the little guy" strategy. Still- their growth overseas = seems to=20 be tremendous- more popular in Japan than in America- is that possible? = Yikes!=20 How about this: Starbucks and Krispy Kreme in the same store! (What- = they sell=20 books here?) As for the recipe, see below:
 
Starbucks Espresso blend - recommended amount, use whole bean = and burr=20 grinder, grind fresh every morning, use tamper to set = grind
Ghiradelli Fudge - two shots worth (shhh- don't tell=20 SBUX)
Good=20 espresso machine (make sure it gets hot enough)
Fat=20 free, organic milk steamed to 160 degrees (170 if you like it very hot, = but not=20 more than 170 or the milk starts to burn)
Bottled Water - this one is extremely important! Tap doesn't = cut=20 it!
 
Enjoy!
 
-----Original Message-----
From: Donald Wallker=20 [mailto:dougald@dmv.com]
Sent: Tuesday, July 16, 2002 6:28=20 AM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Too Much Building

By the way - my Wife and I are also = fond of=20 Starbucks Coffee.  However we find the Breakfast Blend to be = weak. =20 So - what we do is buy and mix together Starbucks French Roast and=20 Espresso.  I suggest that you try it. VTY Donald  =
----- Original Message -----
From:=20 Duke Miller
Sent: Monday, July 15, 2002 = 9:57=20 PM
Subject: RE: [CANSLIM] Too = Much=20 Building

I = respectfully=20 disagree:  This morning I had my usual coffee with my bride who = likes=20 it so strong her best friends refuse to frequent her presence at = java=20 time.  This time I ground it, to Espresso consistency: very = fine. =20 I knew it would blow my head off, and it did.  She gasped with=20 delight.  The coffee:  Starbucks Breakfast = Blend.  Two=20 pounds for $16.95.  Purchased at Sam's Club, Sarasota,=20 FL.   The nation's third largest chain, Publix, based here = in=20 Florida, has been selling SBUX beans for some time.  10 oz for=20 $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,=20 2002 3:43 PM
To: = canslim@lists.xmission.com
Subject:=20 Re: [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=20 watch.  They'll then
put the squeeze on to milk (cream?) = earnings out of the cash cow.  And
so=20 on...

Duke


I respectfully disagree on = SBUX=20 Duke.  SBUX learned the saturation game a long time = ago.  It has=20 the most superlative property acquisition team in the = country.  We've=20 heard the saturation thing many times but they're amazing at = converting=20 new customers in a closely well defined region.  Furthermore, = they=20 haven't cannibalized their store business by making coffee = available in=20 supermarkets.  MCD is a different cat!=20
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

- ------_=_NextPart_001_01C22CD0.04C5EB9C-- - - - -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: Tue, 16 Jul 2002 10:21:54 EDT From: Chazmoore@aol.com Subject: Re: [CANSLIM] Can Greenspan obfuscate investors again! - --part1_10.21d20c72.2a658602_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Fred: Thanks for the update today and thank you for your thoughts on the position of the CEO yesterday. I copied your memo and shared it with several friends. Charley - --part1_10.21d20c72.2a658602_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Fred: Thanks for the update today and thank you for your thoughts on the position of the CEO yesterday. I copied your memo and shared it with several friends.

Charley - --part1_10.21d20c72.2a658602_boundary-- - - - -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: Tue, 16 Jul 2002 11:19:14 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Too Much Building We had a similar situation here in Florida shortly after Disney World opened in Orlando, mid-70's. Hotels up the wazoo. Many went under and took some S&L's with them. The cause of the problem was simple: ALL of them did their pro forma business plans on the SAME day!! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kent Norman Sent: Sunday, July 14, 2002 12:48 PM To: canslim@lists.xmission.com 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. ------------------------------ Date: Tue, 16 Jul 2002 11:26:05 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] LLUR vs. Late Stage Base Tom: Just out of curiosity, is there an existing list of LLUR's somewhere? Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, July 12, 2002 10:55 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] LLUR vs. Late Stage Base my only comment is that I don't consider a LLUR to be quite the same as an ascending base as described by WON. A good LLUR never really corrects, it may flatten out briefly (a week or two or three) but without a perceptible correction. - ----- Original Message ----- From: To: Sent: Friday, July 12, 2002 2:56 PM Subject: [CANSLIM] LLUR vs. Late Stage Base Tom: I often had troubles in identifying LLUR's and distinguishing them from WON's late-stage bases. While LLUR's look bullish and strong (and I've read often that "the trend is your friend"), I wasn't able to understand the difference between them and late stage bases-since they are both ascending bases (with LLURs being bullish and late-stage bases being bearish [according to WON's analysis]). To me, however, both were like an indecipherable Elliot Wave in that invariably: One can always identify the wave AFTER the fact. So I wrote Ask WON (in investors.com) and here is his answer: "My question is: how do you distinguish between an ascending base and a late stage base-they both rise from about 3 bases. Cincinnati, OH (AskWon answered it 7/8/02) WON's Answer: The difference lies in the shape of the bases. In a late-stage base, the stock might have already run up anywhere from as much as 100% to 400%-500% or more. The bases it made along the way had a minimum correction of 20%, assuming they were all cup bases. But in an ascending base, there are three pullbacks from 10% to 20% each, and the low point during each sell-off is higher than the previous. Since the pullbacks were smaller than in a normal cup base, you can count this as one long base structure. These bases occur when a stock has much power but is held back by a sideways-moving market. Always keep in mind that ascending bases are rare. Also remember that if a stock breaks out of a base, but then corrects so far down that it undercuts the bottom of its base, you can then reset the base count." jans - - - -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: Tue, 16 Jul 2002 11:28:46 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Sentiment fulfills conditions for a rally (forwarded from Dhruv Sheth ) There's got to be a name for this pattern. How about "Wide Open Mouth" pattern? - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hermann Ertl Sent: Tuesday, July 16, 2002 3:34 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Sentiment fulfills conditions for a rally (forwarded from Dhruv Sheth ) Attached is "Chart of the Month" by Jeffery deGraaf of Lehman Brothers, published on June 26. Fair use only. Draw your own conclusions. To Post, send to: lwside1@eGroups.com To Unsubscribe, send a blank message to: lwside1-unsubscribe@eGroups.com _._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._ The chart is also available here: - - - -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: Tue, 16 Jul 2002 11:34:09 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] Cheap? VERY interesting, Ernie. Thanks. Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hill, Ernie Sent: Tuesday, July 16, 2002 8:30 AM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Cheap? Here is an interesting perspective on PE ratios the S&P and what is or is not cheap. http://www.decisionpoint.com/ChartSpotliteFiles/020712sppe.html E -----Original Message----- From: inderjit [mailto:inderjit@adelphia.net] Sent: Monday, July 15, 2002 10:36 PM To: canslim@lists.xmission.com 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. ****************************************************************** This email and any files transmitted with it from the ElPaso Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - - - -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: Tue, 16 Jul 2002 11:47:24 -0400 From: "Winston Little" Subject: Re: [CANSLIM] Too Much Building There have been a recent significant increase in the number of HD outlets in Detroit. This occurred right after LOW opened three stores in the area. However, my observations is that fewer stores with more check out CASHIERS in each would have better served HD. It is rare that more than two or three cash registers are in operation. Yet, each line often has about ten customers waiting to pay for goods. Each of the lines has someone in it with enough goods to build a small house, or items without price tag (adding to delay). Result is an unwelcome time to get out of the store, especially if one just has one or two items. My rhetorical question: Was the HD decision to build more stores a reaction to the long lines (instead of adding cashiers) or to try to overwhelm any effect that the arrival of LOW might have in the market? - ----- Original Message ----- From: "Duke Miller" To: Sent: Tuesday, July 16, 2002 11:19 AM Subject: RE: [CANSLIM] Too Much Building > We had a similar situation here in Florida shortly after Disney World > opened in Orlando, mid-70's. Hotels up the wazoo. Many went under and > took some S&L's with them. The cause of the problem was simple: ALL of > them did their pro forma business plans on the SAME day!! > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Kent Norman > Sent: Sunday, July 14, 2002 12:48 PM > To: canslim@lists.xmission.com > 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. ------------------------------ End of canslim-digest V2 #2611 ****************************** 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.