Re: [CANSLIM] ESA

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] ESA
Date: Fri, 22 Mar 2002 20:24:14 -0700

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Erk (that was my first thought)  - well, I can see a few problems.  Growth last quarter 
was negative, ROE is 6.3%, far far too low, and its not exactly a growth industry.  I 
would guess this constitutes a turnaround play, probably be an upswing in business 
with an economic rebound, but from a purely Canslim point of view it doesn't 
measure up.  Chart does look more or less constructive.

On 22 Mar 2002 at 20:21, Matt & Alicia Leverette wrote:

> I would like to get some comments on ESA.  Looks like to me that it has formed a C&H formation with the left side at $17.90 on January 9th and the right side at $18.20 on March 19th.  It now appears to be forming a handle and volume is drying up.
> 
> The EPS is only 71 and if I remember correctly their rating has been better in the past.  The RS is only 65, but the overall ranking on the IBD website is 91.
> 
> I will also mention is has formed a triple top on the P&F chart.
> 
> Thanks,
> 
> Matt
> 

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