[CANSLIM] KMart vs Enron

From: "Tom Worley" <stkguru@netside.net>
Subject: [CANSLIM] KMart vs Enron
Date: Tue, 22 Jan 2002 11:27:45 -0500

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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

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<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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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>

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