Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] KMart vs Enron
Date: Tue, 22 Jan 2002 11:27:45 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0015_01C1A337.D033A9A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Today's bankruptcy filing by KMart opens a lot of questions, starting = with which will be the bigger story, KM or ENE? Both are huge bankruptcies, ENE likely to remain the biggest, but KM is = the largest by a retailer. And with over 2,100 brick and mortar stores, = many of which will likely be closed, going to have a significant impact = on employment. ENE died because of financial shenanigans and corrupt insider deals, = lots of lies and plenty of places to put the blame, including on the = auditors. KM will likely survive, but take a year or more, and emerge as much = smaller and less competitive. Since it already proved it cannot stand = against Walmart and Target, questionable in my mind what it can do = differently as a smaller retail chain. Was this only stiff competition = in a recession, or poor management as well? With KM down 54% just for today, and 94% since its last high on 8/8/01, = who can you trust anymore in the executive level of corporations. Today = makes me glad I stick to my small caps, where a rumored buyout finally = official gave me a 10% gain on one stock, and a new contract gave me 13% = on another. Big caps are just too big and complicated for the likes of = me. At least I make money for the day. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0015_01C1A337.D033A9A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2712.300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Today's bankruptcy filing by KMart opens a lot = of=20 questions, starting with which will be the bigger story, KM or = ENE?</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Both are huge bankruptcies, ENE likely to remain = the=20 biggest, but KM is the largest by a retailer. And with over 2,100 brick = and=20 mortar stores, many of which will likely be closed, going to have a = significant=20 impact on employment.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>ENE died because of financial shenanigans and = corrupt=20 insider deals, lots of lies and plenty of places to put the blame, = including on=20 the auditors.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>KM will likely survive, but take a year or more, = and=20 emerge as much smaller and less competitive. Since it already proved it = cannot=20 stand against Walmart and Target, questionable in my mind what it can do = differently as a smaller retail chain. Was this only stiff competition = in a=20 recession, or poor management as well?</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>With KM down 54% just for today, and 94% since = its last=20 high on 8/8/01, who can you trust anymore in the executive level of=20 corporations. Today makes me glad I stick to my small caps, where a = rumored=20 buyout finally official gave me a 10% gain on one stock, and a new = contract gave=20 me 13% on another. Big caps are just too big and complicated for the = likes of=20 me. At least I make money for the day.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Tom Worley<BR><A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20 TexWorley</FONT></DIV></BODY></HTML> - ------=_NextPart_000_0015_01C1A337.D033A9A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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