Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] My Market Guide CANSLIM screen
Date: Tue, 22 Jan 2002 02:41:36 -0500
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Hi Mike,
I would say you are very much in the boat. I would suggest some minor =
changes: drop the 5 year earnings growth criteria (since you already =
also have a 3 year criteria), and increase max shares to 50 million. I =
would also use only a 20% earnings increase, or maybe even a little =
less, like 18 or 16%.
I would not screen on 5 year earnings growth because you may miss many =
nice companies that have only done well on a shorter time frame. You can =
always examine the five year history, and make a human decision. I would =
use a lower earnings growth rate (than 25%) because we are in a =
recession, and business is tough for many. The higher the criteria, the =
more likely you are to get ones with very weak earnings a year or two =
ago, and the more likely you are to miss the ones still growing well, =
but slowed by the recession.
These changes may open up your results to some larger companies, hence =
the suggestion to go to 50 million shares.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Mike Hofmann=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, January 22, 2002 1:37 AM
Subject: [CANSLIM] My Market Guide CANSLIM screen
All,
I've been playing around with Market Guide quite a bit the past few =
weeks. I built a screen that I thought would yield a list of CANSLIM =
candidates for further research. Here are my screening criteria and the =
number of stocks left after each (Market Guide has 9385 companies in its =
database):
Criteria Results=20
1 {EPS%ChgPYQ}>=3D25 1103=20
2 {Sales%ChgPYQ}>=3D25 310=20
3 {EPS%ChgPYQ}>{EPS%ChgTTM}.AND.{EPS%ChgTTM}>0 103=20
4 {EPS5YCGr%}>=3D25 33=20
5 {EPS3YCGr%}>=3D25 16=20
6 {ShsOutMR}<=3D25 6=20
7 {Price}>=3D10 4=20
I was disappointed that my screen only left me with 4 stocks, one of =
which is in deep doo-doo with the SEC (CHEZ). I think the shorthand =
should be decipherable, but just in case it's not:
EPS%ChgPYQ =3D Quarter over Quarter % Change in EPS
Sales%ChgPYQ =3D Quarter over Quarter % Change in Sales
EPS%ChgTTM =3D Trailing twelve months % Change in EPS from previous =
TTM
EPS5YCGr% =3D EPS 5-year growth rate (%)
EPS3YCGr% =3D EPS 3-year growth rate (%)
ShsOutMR =3D Shares outstanding (mill.)
The 3rd criterion was my attempt to seek companies with recently =
increasing earnings.
I think these criteria are true to CANSLIM as taught by WON/IBD, no? =
In fact, I think WON recommends a share price cut-off of 15 instead of =
the 10 I'm using. If I relax all of the % Change criteria from 25 to 20, =
I get 5 more companies. Assuming my criteria are truly CANSLIMish, I =
suppose it means that CANSLIMmers should be on the sidelines at least =
until this round of earnings reports comes in.
btw, the other 3 stocks (besides CHEZ) that meet the 25% criteria are =
ACRT, MGAM & TARO. The additional 5 that meet the 20% growth criteria =
are DKWD, ICUI, MINI, PENN & SCOR.
Please tell me if/where I'm missing the boat here.
Thanks,
Mike
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<DIV><FONT face=3DArial>Hi Mike,</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I would say you are very much in the boat. I =
would=20
suggest some minor changes: drop the 5 year earnings growth =
criteria=20
(since you already also have a 3 year criteria), and increase max shares =
to 50=20
million. I would also use only a 20% earnings increase, or maybe even a =
little=20
less, like 18 or 16%.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I would not screen on 5 year earnings growth =
because you=20
may miss many nice companies that have only done well on a shorter time =
frame.=20
You can always examine the five year history, and make a human decision. =
I would=20
use a lower earnings growth rate (than 25%) because we are in a =
recession, and=20
business is tough for many. The higher the criteria, the more likely you =
are to=20
get ones with very weak earnings a year or two ago, and the more likely =
you are=20
to miss the ones still growing well, but slowed by the =
recession.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>These changes may open up your results to some =
larger=20
companies, hence the suggestion to go to 50 million shares.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dsfmcanslim@hotmail.com =
href=3D"mailto:sfmcanslim@hotmail.com">Mike=20
Hofmann</A> </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> Tuesday, January 22, 2002 =
1:37=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] My Market =
Guide=20
CANSLIM screen</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>
<DIV><FONT face=3DArial size=3D2>All,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I've been playing around with Market =
Guide quite=20
a bit the past few weeks. I built a screen that I thought would yield =
a list=20
of CANSLIM candidates for further research. Here are my screening =
criteria and=20
the number of stocks left after each (Market Guide has 9385 companies =
in its=20
database):</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV>
<TABLE width=3D640 bgColor=3Dwhite border=3D1>
<TBODY>
<TR>
<TD align=3Dleft bgColor=3D#c0c0c0><FONT face=3DArial,Helvetica=20
size=3D2><B> </B></FONT></TD>
<TD align=3Dleft width=3D570 bgColor=3D#c0c0c0><FONT =
face=3DArial,Helvetica=20
size=3D2><B>Criteria</B></FONT></TD>
<TD align=3Dmiddle width=3D70 bgColor=3D#c0c0c0><FONT =
face=3DArial,Helvetica=20
size=3D2><B>Results</B></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 1</B></FONT></TD>
<TD id=3DExprLine0 onclick=3DSetActiveExpression(0); align=3Dleft=20
bgColor=3D#ccccff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{EPS%ChgPYQ}>=3D25</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(1);">1103</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 2</B></FONT></TD>
<TD id=3DExprLine1 onclick=3DSetActiveExpression(1); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{Sales%ChgPYQ}>=3D25</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(2);">310</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 3</B></FONT></TD>
<TD id=3DExprLine2 onclick=3DSetActiveExpression(2); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
=
size=3D-1>{EPS%ChgPYQ}>{EPS%ChgTTM}.AND.{EPS%ChgTTM}>0</FONT>=20
</NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(3);">103</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 4</B></FONT></TD>
<TD id=3DExprLine3 onclick=3DSetActiveExpression(3); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{EPS5YCGr%}>=3D25</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(4);">33</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 5</B></FONT></TD>
<TD id=3DExprLine4 onclick=3DSetActiveExpression(4); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{EPS3YCGr%}>=3D25</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(5);">16</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 6</B></FONT></TD>
<TD id=3DExprLine5 onclick=3DSetActiveExpression(5); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{ShsOutMR}<=3D25</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
href=3D"javascript:doResults(6);">6</A></FONT></TD></TR>
<TR>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica=20
size=3D2><B> 7</B></FONT></TD>
<TD id=3DExprLine6 onclick=3DSetActiveExpression(6); align=3Dleft=20
bgColor=3D#ffffff><FONT face=3DCourier><NOBR> <FONT =
face=3Dcourier=20
size=3D-1>{Price}>=3D10</FONT> </NOBR></FONT></TD>
<TD align=3Dmiddle><FONT face=3DArial,Helvetica size=3D2> <A=20
=
href=3D"javascript:doResults(7);">4</A></FONT></TD></TR></TBODY></TABLE><=
/DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I was disappointed that my screen =
only left me=20
with 4 stocks, one of which is in deep doo-doo with the SEC (CHEZ). I =
think=20
the shorthand should be decipherable, but just in case it's =
not:</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DCourier size=3D2>EPS%ChgPYQ =3D Quarter over Quarter =
% Change in=20
EPS</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2>Sales%ChgPYQ =3D Quarter over =
Quarter % Change in=20
Sales</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2>EPS%ChgTTM =3D Trailing twelve =
months % Change in=20
EPS from previous TTM</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2>EPS5YCGr% =3D EPS 5-year growth =
rate=20
(%)</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2>EPS3YCGr% =3D EPS 3-year growth =
rate=20
(%)</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2>ShsOutMR =3D Shares outstanding=20
(mill.)</FONT></DIV>
<DIV><FONT face=3DCourier size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>The 3rd criterion was my attempt to =
seek=20
companies with recently increasing earnings.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I think these criteria are true to =
CANSLIM as=20
taught by WON/IBD, no? In fact, I think WON recommends a share price =
cut-off=20
of 15 instead of the 10 I'm using. If I relax all of the % Change =
criteria=20
from 25 to 20, I get 5 more companies. Assuming my criteria are truly=20
CANSLIMish, I suppose it means that CANSLIMmers should be on the =
sidelines at=20
least until this round of earnings reports comes in.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>btw, the other 3 stocks (besides =
CHEZ) that meet=20
the 25% criteria are ACRT, MGAM & TARO. The additional 5 that meet =
the 20%=20
growth criteria are DKWD, ICUI, MINI, PENN & SCOR.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Please tell me if/where I'm missing =
the boat=20
here.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks,</FONT></DIV>
<DIV><FONT face=3DArial=20
size=3D2>Mike</FONT></DIV></FONT></DIV></BLOCKQUOTE></BODY></HTML>
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