Go to Jeff Salisbury LWGate Home Page.From: "Scott Gettis" <sgettis@ucla.edu>
Subject: [CANSLIM] EPS
Date: Mon, 28 Jan 2002 20:58:55 -0800
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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.
-----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 -----
From: Scott Gettis
To: canslim@lists.xmission.com
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 = 41% ?
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<DIV><SPAN class=3D764045604-29012002><FONT face=3DArial color=3D#0000ff =
size=3D2>when a=20
company buys back shares, does the number of outstanding shares =
decrease? =20
If so, then it is possible for a company to show earnings growth due to =
the fact=20
that there are less shares outstanding. Thus the companys earnings =
are not=20
really growing.</FONT></SPAN></DIV><SPAN =
class=3D764045604-29012002></SPAN><FONT=20
face=3DTahoma>
<DIV><BR><FONT size=3D2><SPAN =
class=3D764045604-29012002></SPAN></FONT> </DIV>
<DIV><FONT size=3D2><SPAN =
class=3D764045604-29012002> </SPAN>-----Original=20
Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine=20
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 a=20
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 =
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 the=20
(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=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): Re: [CANSLIM] Another Andersen client "Tom Worley"
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