Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: UOPX (was: [CANSLIM] VectorVest fundies)
Date: Tue, 12 Mar 2002 10:15:22 -0600
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Hi Duke,
One thing I always do when looking at a stock is to ascertain the "true" =
competition. Very often, a company's competitors will be scattered in =
other industry groups. That's also the reason that I look for strength =
from both directions--strong stocks-->>true competitors-->>industry as =
well as strong/rising industry-->>stocks-->>competitors.
UOPX is the "online" component of APOL's business and was spun off to =
take advantage of the "e" in "e-commerce." That's why it gets lumped =
together with other ecommerce businesses. The question is, is the =
industry group descriptive? Yes. Is it sufficient for evaluating UOPX's =
"group" strength? No.
Couple of good spots for finding the true competition:
http://www.hoovers.com/co/capsule/7/0,2163,100527,00.html
http://search.freefind.com/find.html?id=3D3422194&pid=3Dr&mode=3DALL&quer=
y=3Duopx&t=3Ds
Katherine
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, March 12, 2002 9:27 AM
Subject: RE: UOPX (was: [CANSLIM] VectorVest fundies)
Patrick & Katherine:
I got stopped out as well.=20
Upon heeding your advice Katherine, a glance at IBD Industry Group =
lists the following:
U of Phnx Onln=20
Ticktmstr CIB=20
Hotel Rsrv Nwk=20
Net Bank Inc.=20
Neoforma Inc=20
Global Sports=20
Getty Images=20
1800Flowers.cm=20
Expedia Inc=20
eBay Inc.=20
Digital River=20
DoubleClick=20
Cryptologic=20
Amazon Comm=20
What in the name of WON do post-secondary education companies like =
UOPX have in common with Ticketmaster?!?! At Multex (you can register =
for free) they have a 54 page Piper-Jaffrey report on the industry and =
feature the following companies in the report:
In This Report: =20
APOL, CECO, COCO, DTHK, EDMC, EDSN, LSPN, LTRE, REVU, RLRN, =
SCHS, SLVN, SMTF, UOPS=20
Certainly worth a look-see. And further testimony that IBD needs to =
continue refining its industry groups. =20
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Monday, March 11, 2002 12:01 AM
To: canslim@lists.xmission.com
Subject: Re: UOPX (was: [CANSLIM] VectorVest fundies)
Hi Patrick,
Three essential reasons:
(1) APOL, the parent, owns the lion's share of outstanding shares. =
As goes APOL, so goes UOPX. APOL made a feeble attempt at breaking out =
of a cup with no handle 2/26. Immediately tailed down the following day. =
No valid handle to go with the rest of the cup, so APOL's breakout on =
3/4 was bogus in my mind. UOPX gapped and staged an attempted B/O on the =
same day, but given APOL's lousy chart, I put the odds of UOPX's B/O =
succeeding at very low.
(2) At the time I saw UOPX setting up, its forward PE (not trailing) =
based on EPS estimates and growth rate had it at 2 times the industry =
average. In a market where value has been steadily outperforming growth, =
I know that no stock that is so significantly overpriced by comparison =
has a chance of going anywhere.
(3) The rest of the stocks in the industry are also setting up, so =
the industry is strong. I would rather choose another stock in the same =
industry with a better "story", technicals and valuation as a result.
Katherine
----- Original Message -----=20
From: Patrick Wahl=20
To: canslim@lists.xmission.com=20
Sent: Sunday, March 10, 2002 1:05 PM
Subject: Re: [CANSLIM] VectorVest fundies
If you don't mind one more question, just briefly why did you say =
a day or two ago=20
that you thought UOPX was not a suitable Canslim buy candidate?
My limited examination of the fundamentals didn't turn up any =
obvious problems,=20
and technically I thought it looked ok. As I mentioned last week, =
I had questions=20
about its longer term potential, but short term could not see =
anything wrong.
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<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>One thing I always do when looking at a stock is to ascertain the =
"true"=20
competition. Very often, a company's competitors will be scattered in =
other=20
industry groups. That's also the reason that I look for strength from =
both=20
directions--strong stocks-->>true competitors-->>industry as =
well as=20
strong/rising industry-->>stocks-->>competitors.</DIV>
<DIV> </DIV>
<DIV>UOPX is the "online" component of APOL's business and was spun off =
to take=20
advantage of the "e" in "e-commerce." That's why it gets lumped together =
with=20
other ecommerce businesses. The question is, is the industry group =
descriptive?=20
Yes. Is it sufficient for evaluating UOPX's "group" strength? No.</DIV>
<DIV> </DIV>
<DIV>Couple of good spots for finding the true competition:</DIV>
<DIV><A=20
href=3D"http://www.hoovers.com/co/capsule/7/0,2163,100527,00.html">http:/=
/www.hoovers.com/co/capsule/7/0,2163,100527,00.html</A><A=20
href=3D"http://www.hoovers.com"></A></DIV>
<DIV><A=20
href=3D"http://search.freefind.com/find.html?id=3D3422194&pid=3Dr&=
;mode=3DALL&query=3Duopx&t=3Ds">http://search.freefind.com/find.h=
tml?id=3D3422194&pid=3Dr&mode=3DALL&query=3Duopx&t=3Ds</A=
></DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Ddukemill@tampabay.rr.com =
href=3D"mailto:dukemill@tampabay.rr.com">Duke=20
Miller</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, March 12, 2002 =
9:27=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: UOPX (was: =
[CANSLIM]=20
VectorVest fundies)</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial>Patrick & =
Katherine:</FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial>I got stopped =
out as=20
well. </FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial>Upon heeding =
your advice=20
Katherine, a glance at IBD Industry Group lists the=20
following:</FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial><SPAN=20
class=3D625014414-12032002><FONT face=3D"Times New =
Roman"> </FONT>=20
<TABLE style=3D"WIDTH: 92pt; BORDER-COLLAPSE: collapse" =
cellSpacing=3D0=20
cellPadding=3D0 width=3D123 border=3D0 x:str>
<COLGROUP><FONT face=3D"Times New Roman">
<COL style=3D"WIDTH: 92pt; mso-width-source: userset; mso-width-alt: =
4498"=20
width=3D123></FONT>
<TBODY>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; WIDTH: 92pt; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; =
BACKGROUND-COLOR: transparent"=20
width=3D123 height=3D17><FONT face=3DArial size=3D2>U of Phnx =
Onln</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Ticktmstr =
CIB</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Hotel Rsrv =
Nwk</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Net Bank =
Inc.</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Neoforma =
Inc</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Global =
Sports</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Getty =
Images</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial =
size=3D2>1800Flowers.cm</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Expedia =
Inc</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>eBay Inc.</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Digital =
River</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial =
size=3D2>DoubleClick</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial =
size=3D2>Cryptologic</FONT></TD></TR>
<TR style=3D"HEIGHT: 12.75pt" height=3D17>
<TD=20
style=3D"BORDER-RIGHT: #d4d0c8; BORDER-TOP: #d4d0c8; BORDER-LEFT: =
#d4d0c8; BORDER-BOTTOM: #d4d0c8; HEIGHT: 12.75pt; BACKGROUND-COLOR: =
transparent"=20
height=3D17><FONT face=3DArial size=3D2>Amazon=20
Comm</FONT></TD></TR></TBODY></TABLE></SPAN></FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial>What in the =
name of WON=20
do post-secondary education companies like UOPX have in common=20
with Ticketmaster?!?! At Multex (you can register for free) =
they=20
have a 54 page Piper-Jaffrey report on the industry and feature =
the=20
following companies in the report:</FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial></FONT></SPAN> </DIV><SPAN =
class=3D210152015-12032002>
<DIV>
<TABLE cellSpacing=3D0 cellPadding=3D3 align=3Dleft bgColor=3D#ffffff =
border=3D0>
<TBODY>
<TR>
<TD><SPAN=20
=
class=3DGBtextb> In This Report: </SPAN></TD></TR>
<TR>
<TD><SPAN class=3Dv10>APOL, CECO, COCO, DTHK, EDMC, EDSN, LSPN, =
LTRE,=20
REVU, RLRN, SCHS, SLVN, SMTF, =
UOPS</SPAN></TD></TR></TBODY></TABLE></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><SPAN class=3D210152015-12032002><FONT face=3DArial>Certainly =
worth a=20
look-see. And further testimony that IBD needs to continue =
refining its=20
industry groups. </FONT></SPAN></DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210152015-12032002><FONT=20
face=3DArial>Duke</FONT></SPAN></DIV></SPAN>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px =
solid; MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
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, March 11, 2002 12:01 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: UOPX (was: =
[CANSLIM]=20
VectorVest fundies)<BR><BR></FONT></DIV>
<DIV>Hi Patrick,</DIV>
<DIV> </DIV>
<DIV>Three essential reasons:</DIV>
<DIV> </DIV>
<DIV>(1) APOL, the parent, owns the lion's share of outstanding =
shares. As=20
goes APOL, so goes UOPX. APOL made a feeble attempt at breaking out =
of a cup=20
with no handle 2/26. Immediately tailed down the following day. No =
valid=20
handle to go with the rest of the cup, so APOL's breakout on 3/4=20
was bogus in my mind. UOPX gapped and staged an attempted B/O =
on the=20
same day, but given APOL's lousy chart, I put the odds of UOPX's B/O =
succeeding at very low.</DIV>
<DIV> </DIV>
<DIV>(2) At the time I saw UOPX setting up, its forward PE (not =
trailing)=20
based on EPS estimates and growth rate had it at 2 times the =
industry=20
average. In a market where value has been steadily outperforming =
growth, I=20
know that no stock that is so significantly overpriced by comparison =
has a=20
chance of going anywhere.</DIV>
<DIV> </DIV>
<DIV>(3) The rest of the stocks in the industry are also setting up, =
so the=20
industry is strong. I would rather choose another stock in the same =
industry=20
with a better "story", technicals and valuation as a result.</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=3Dpjwahl@attbi.com =
href=3D"mailto:pjwahl@attbi.com">Patrick Wahl</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> Sunday, March 10, =
2002 1:05=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
VectorVest=20
fundies</DIV>
<DIV><BR><BR>If you don't mind one more question, just briefly why =
did you=20
say a day or two ago <BR>that you thought UOPX was not a suitable =
Canslim=20
buy candidate?<BR><BR>My limited examination of the fundamentals =
didn't=20
turn up any obvious problems, <BR>and technically I thought it =
looked=20
ok. As I mentioned last week, I had questions <BR>about its =
longer=20
term potential, but short term could not see anything=20
wrong.</DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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