Re: [CANSLIM] JJSF

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] JJSF
Date: Mon, 21 Jan 2002 15:14:39 -0500
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Chris,

DGO shows debt of 19%, which seems high for this kind of business.

I am also having a problem with the earnings. For the past two years, =
the quarters ending June and September show substantial increase in =
sales, with huge increase in earnings (from 4 cents on $76.8 million =
sales to 65 cents on $101 million). I have seen earnings efficiencies on =
higher sales, but the change here exceeds what I would expect. And I can =
see no obvious reason for such seasonal changes.

Looking at cash flow ($5.28) to last full year of earnings ($1.36), this =
also seems too much of an extreme. Combine that with a ROE of only 9%, =
and I would investigate the true earnings more carefully.

Tom Worley
stkguru@netside.net
AIM: TexWorley
  ----- Original Message -----=20
  From: Vanchee1@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, January 21, 2002 1:59 PM
  Subject: [CANSLIM] JJSF


  JJSF 90/82 A, Looking at a small cup in Sept. with about a 14 or 15 =
week handle, appears to me might be ready for a breakout. Very good =
fundies, book value, almost no dept., last qtr earnings of .72 v .41, =
might be worth watching, earning will be released the morning of 1-23.=20

  Chris=20

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<DIV><FONT face=3DArial>Chris,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>DGO shows debt of 19%, which seems high for this =
kind of=20
business.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I am also having a problem with the earnings. =
For the past=20
two years, the quarters ending June and September show substantial =
increase in=20
sales, with huge increase in earnings (from 4 cents on $76.8 million =
sales to 65=20
cents on $101 million). I have seen earnings efficiencies on higher =
sales, but=20
the change here exceeds what I would expect. And I can see no obvious =
reason for=20
such seasonal changes.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Looking at cash flow ($5.28) to last full year =
of earnings=20
($1.36), this also seems too much of an extreme. Combine that with a ROE =
of only=20
9%, and I would investigate the true earnings more =
carefully.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DVanchee1@aol.com =
href=3D"mailto:Vanchee1@aol.com">Vanchee1@aol.com</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, January 21, 2002 =
1:59=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] JJSF</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2><B>JJSF =
90/82 A,=20
  </B>Looking at a small cup in Sept. with about a 14 or 15 week handle, =
appears=20
  to me might be ready for a breakout. Very good fundies, book value, =
almost no=20
  dept., last qtr earnings of .72 v .41, might be worth watching, =
earning will=20
  be released the morning of 1-23. <BR><BR>Chris</FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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