Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] EPS
Date: Tue, 29 Jan 2002 00:10:22 -0500
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all depends on what they do with the purchased shares. In some cases, =
they are retired, and thereby may improve EPS (assuming they could make =
no better use of the cash). In other cases, they are added to Treasury =
stock, and can later be sold, used for employees exercising options, =
acquisition with stock, etc.
If they are put into Treasury, then they are still outstanding, and must =
be counted in the number of shares.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Scott Gettis=20
To: canslim@lists.xmission.com=20
Sent: Monday, January 28, 2002 11:58 PM
Subject: [CANSLIM] EPS
when a company buys back shares, does the number of outstanding shares =
decrease? If so, then it is possible for a company to show earnings =
growth due to the fact that there are less shares outstanding. Thus the =
companys earnings are not really growing.
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Monday, January 28, 2002 8:52 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] docc
Hi Scott,
The rest of the 41% not owned by management is owned by SFE, an =
"incubator" that has a portfolio of companies in which it maintains a =
substantial portion of the outstanding shares. See =
http://www.safeguard.com/investorfs.html for a list. You see this kind =
of discrepancy in the numbers quite often when a stock is spun off from =
a parent or from an incubator and not all shares are distributed to the =
public in the spin off.
Katherine
----- Original Message -----=20
From: Scott Gettis=20
To: canslim@lists.xmission.com=20
Sent: Monday, January 28, 2002 10:30 PM
Subject: [CANSLIM] docc
dgo list the management ownership as 18%.
however the (1 - float/total share outstanding)* 100 =3D 41% ?=20
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<DIV><FONT face=3DArial>all depends on what they do with the purchased =
shares. In=20
some cases, they are retired, and thereby may improve EPS (assuming they =
could=20
make no better use of the cash). In other cases, they are added to =
Treasury=20
stock, and can later be sold, used for employees exercising options, =
acquisition=20
with stock, etc.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>If they are put into Treasury, then they are =
still=20
outstanding, and must be counted in the number of 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=3Dsgettis@ucla.edu href=3D"mailto:sgettis@ucla.edu">Scott =
Gettis</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 28, 2002 =
11:58=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] EPS</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D764045604-29012002><FONT face=3DArial =
color=3D#0000ff size=3D2>when=20
a company buys back shares, does the number of outstanding shares=20
decrease? If so, then it is possible for a company to show =
earnings=20
growth due to the fact that there are less shares outstanding. =
Thus the=20
companys earnings are not really growing.</FONT></SPAN></DIV><SPAN=20
class=3D764045604-29012002></SPAN><FONT face=3DTahoma>
<DIV><BR><FONT size=3D2><SPAN=20
class=3D764045604-29012002></SPAN></FONT> </DIV>
<DIV><FONT size=3D2><SPAN =
class=3D764045604-29012002> </SPAN>-----Original=20
Message-----<BR><B>From:</B> <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Monday, January 28, 2002 8:52 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]=20
docc<BR><BR></DIV></FONT></FONT>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV>Hi Scott,</DIV>
<DIV> </DIV>
<DIV>The rest of the 41% not owned by management is owned =
by SFE,=20
an "incubator" that has a portfolio of companies in which it =
maintains=20
a substantial portion of the outstanding shares. See <A=20
=
href=3D"http://www.safeguard.com/investorfs.html">http://www.safeguard.co=
m/investorfs.html</A> for=20
a list. You see this kind of discrepancy in the numbers quite often =
when a=20
stock is spun off from a parent or from an incubator and not all =
shares are=20
distributed to the public in the spin off.</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dsgettis@ucla.edu href=3D"mailto:sgettis@ucla.edu">Scott =
Gettis</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, January 28, =
2002 10:30=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
docc</DIV>
<DIV><BR></DIV><BR>dgo list the management ownership as =
18%.<BR>however=20
the (1 - float/total share outstanding)* 100 =3D 41% ? =
<BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): Re: [CANSLIM] EPS "Katherine Malm"
Previous Article (by Date): Re: [CANSLIM] Another Andersen client "Tom Worley"
Top of Thread: [CANSLIM] EPS "Scott Gettis"
Next in Thread: Re: [CANSLIM] EPS "Katherine Malm"
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