Go to Jeff Salisbury LWGate Home Page.From: "Robert Hodes" <rchodes@charter.net>
Subject: [CANSLIM] Re: SYPR and microcaps
Date: Sun, 24 Mar 2002 19:47:35 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_000D_01C1D36C.BEA1D490 Content-Type: multipart/alternative; boundary="----=_NextPart_001_000E_01C1D36C.BEA1D490" - ------=_NextPart_001_000E_01C1D36C.BEA1D490 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom or others: =20 I've been looking at SYPR. I noted that the company announced = commencement of a public offering of 3.6M shares priced at $14.50 on = Thurs. The original SEC registration statement was announced on 2-8-02. = There are 9.90M shares outstanding so that seems like a significant = dilution when figuring per share earnings and revenue. What's your = experience with stock prices after this type of public offering. Does = this provide support for the stock price at $14.5, do you see a lot of = quick profit taking, does this prolong a base or cause a correction due = to earnings dilution, are they are guidelines here. This type of = situation occurs over and over again with these microcaps and I'm not = sure how to react. Thanks. Bob Hodes ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, March 23, 2002 4:34 PM Subject: [CANSLIM] Worley's Weekend Weeview FOMC The Feds met on Tuesday, and as expected shifted the bias from = recession fighting to neutral. Nonetheless, there was still the 10% that = hadn't got the word, or refused to believe the signs, and sold as if = this news was a surprise. I have already seen considerable talk of the = Feds beginning to raise rates as early as the May meeting, but so far = see little evidence to support this. While rate hikes may happen before = the end of 2002, I see no reason to believe they will start until after = the June meeting, at the earliest. Now, if they shifted all the way to = inflation fighting, THAT would have been a surprise. We're still = recovering from a recession, the Feds won't upset the apple cart, at = least not yet.=20 - -------------------------------------------------------------------------= - ----- HWP / CPQ Gee, this is almost like a Presidential election in Florida. HP claims = victory, will own Compaq, with a 0.5% victory margin. Walter Hewlett, = leading the HP family's opposition to the merger, says a recount will = turn victory into defeat for HP's management. Love those hanging chaffs, = let's turn a boring merger vote into front page news, and keep it there = for a few days, or even a few weeks. Of course, no one has yet figured = out whether this "merger of giants" will actually allow them to: a) = compete against IBM; b) achieve any synergy of customer base; c) achieve = any production efficiency or cost savings; d) build a better product = that can compete better in either the printer or PC box market. - -------------------------------------------------------------------------= - ----- TRADE DEFICIT Widened again, to $28.5 billion, up 15% from December. Year 2001 was = the first annual decline in six years, but rising price of oil will = likely weaken Q1 GDP.=20 - -------------------------------------------------------------------------= - ----- ECONOMICS New housing starts jumped 2.8% in February, biggest gain in over three = years and well above expectations. Single family home construction = jumped 7.4%, biggest gain in over 23 years. Building permits also rose = 1.8% and over expectations.=20 CPI - Index rose 0.2% overall as expected, but the core rose 0.3%, = slightly over expectations. NEW UNEMPLOYMENT CLAIMS - Fell to 371K from a revised 383K, expected = was 375K. This continues to support the view that the economy is = stronger, and recovering faster, that the Feds perceive, and could lead = to rate hikes sooner rather than later. LEADING INDICATORS - Unchanged, expected was a rise of 0.1 - -------------------------------------------------------------------------= - ----- WORLEY'S WATCHLIST WANNABES Population of stocks under review this weekend somewhat reduced. As = always, a "Bx" means a flat line "B"ase of "x" weeks duration, IMO. I = will mention other specific formations, such as c&h, double bottom and = LLUR. AAON - stealth (low vol) b/o from B3 ACDO - 7 week consolidation base, huge earnings growth and 5 year rate ACS - decent c&h for a former LLUR AVD - LLUR, may be breaking its pattern upward DCOM - LLUR DLX - LLUR FRED - volatile LLUR FRS - B4 NWRE - B2, low priced micro cap ODP - B5+ PENN - B4 PETM - LLUR PSTI - B3, in my VR Fund SYPR - 10 week consolidation, in my VR Fund TASR - volatile 10 week consolidation base, in my VR Fund Happy Hunting, Tom Worley stkguru@bellsouth.net AIM: TexWorley - ------=_NextPart_001_000E_01C1D36C.BEA1D490 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2713.1100" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Tom or others: </FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I've been looking at SYPR. I = noted that the=20 company announced commencement of a public offering of 3.6M shares = priced=20 at $14.50 on Thurs. The original SEC registration statement was = announced=20 on 2-8-02. There are 9.90M shares outstanding so that seems like a = significant dilution when figuring per share earnings and revenue. = What's=20 your experience with stock prices after this type of public=20 offering. Does this provide support for the stock price = at=20 $14.5, do you see a lot of quick profit taking, does this = prolong a=20 base or cause a correction due to earnings dilution, are they=20 are guidelines here. This type of situation occurs over and = over=20 again with these microcaps and I'm not sure how to react. =20 Thanks.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Bob Hodes</FONT></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=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</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> Saturday, March 23, 2002 = 4:34=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Worley's = Weekend=20 Weeview</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial><STRONG>FOMC</STRONG></FONT></DIV> <DIV><FONT face=3DArial>The Feds met on Tuesday, and as expected = shifted the=20 bias from recession fighting to neutral. Nonetheless, there was still = the 10%=20 that hadn't got the word, or refused to believe the signs, and sold as = if this=20 news was a surprise. I have already seen considerable talk of the Feds = beginning to raise rates as early as the May meeting, but so far see = little=20 evidence to support this. While rate hikes may happen before the end = of 2002,=20 I see no reason to believe they will start until after the June = meeting, at=20 the earliest. Now, if they shifted all the way to inflation = fighting,=20 THAT would have been a surprise. We're still recovering from a = recession, the=20 Feds won't upset the apple cart, at least not yet.</FONT>=20 <HR> </DIV> <DIV><FONT face=3DArial><STRONG>HWP / CPQ</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Gee, this is almost like a Presidential = election in=20 Florida. HP claims victory, will own Compaq, with a 0.5% victory = margin.=20 Walter Hewlett, leading the HP family's opposition to the merger, says = a=20 recount will turn victory into defeat for HP's management. Love those = hanging=20 chaffs, let's turn a boring merger vote into front page news, and keep = it=20 there for a few days, or even a few weeks. Of course, no one has yet = figured=20 out whether this "merger of giants" will actually allow them to: a) = compete=20 against IBM; b) achieve any synergy of customer base; c) achieve any=20 production efficiency or cost savings; d) build a better product that = can=20 compete better in either the printer or PC box market.</DIV> <DIV> <HR> </DIV> <DIV><STRONG>TRADE DEFICIT</STRONG></DIV> <DIV>Widened again, to $28.5 billion, up 15% from December. Year 2001 = was the=20 first annual decline in six years, but rising price of oil will likely = weaken=20 Q1 GDP.=20 <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>ECONOMICS</STRONG></FONT></DIV> <DIV><FONT face=3DArial>New housing starts jumped 2.8% in February, = biggest gain=20 in over three years and well above expectations. Single family home=20 construction jumped 7.4%, biggest gain in over 23 years. Building = permits also=20 rose 1.8% and over expectations. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>CPI </STRONG>- </FONT><FONT = face=3DArial>Index=20 rose 0.2% overall as expected, but the core rose 0.3%, slightly over=20 expectations.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>NEW UNEMPLOYMENT CLAIMS - = </STRONG></FONT><FONT=20 face=3DArial>Fell to 371K from a revised 383K, expected was 375K. This = continues=20 to support the view that the economy is stronger, and recovering = faster, that=20 the Feds perceive, and could lead to rate hikes sooner rather than=20 later.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial><STRONG>LEADING INDICATORS - = </STRONG></FONT><FONT=20 face=3DArial>Unchanged, expected was a rise of 0.1</DIV> <DIV> <HR> </DIV></FONT> <DIV><FONT face=3DArial><STRONG>WORLEY'S WATCHLIST=20 WANNABES</STRONG></FONT></DIV> <DIV><FONT face=3DArial>Population of stocks under review this weekend = somewhat=20 reduced. As always, a "Bx" means a flat line "B"ase of "x" weeks = duration,=20 IMO. I will mention other specific formations, such as c&h, double = bottom=20 and LLUR.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>AAON - stealth (low vol) b/o from = B3</FONT></DIV> <DIV><FONT face=3DArial>ACDO - 7 week consolidation base, huge = earnings growth=20 and 5 year rate</FONT></DIV> <DIV><FONT face=3DArial>ACS - decent c&h for a former = LLUR</FONT></DIV> <DIV><FONT face=3DArial>AVD - LLUR, may be breaking its pattern=20 upward</FONT></DIV> <DIV><FONT face=3DArial>DCOM - LLUR</FONT></DIV> <DIV><FONT face=3DArial>DLX - LLUR</FONT></DIV> <DIV><FONT face=3DArial>FRED - volatile LLUR</FONT></DIV> <DIV><FONT face=3DArial>FRS - B4</FONT></DIV> <DIV><FONT face=3DArial>NWRE - B2, low priced micro cap</FONT></DIV> <DIV><FONT face=3DArial>ODP - B5+</FONT></DIV> <DIV><FONT face=3DArial>PENN - B4</FONT></DIV> <DIV><FONT face=3DArial>PETM - LLUR</FONT></DIV> <DIV><FONT face=3DArial>PSTI - B3, in my VR Fund</FONT></DIV> <DIV><FONT face=3DArial>SYPR - 10 week consolidation, in my VR = Fund</FONT></DIV> <DIV><FONT face=3DArial>TASR - volatile 10 week consolidation base, in = my VR=20 Fund</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Happy Hunting,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><IMG alt=3D"" hspace=3D0 = src=3D"cid:000c01c1d39f$092d0250$f078bc42@hodesdsktp"=20 align=3Dbaseline border=3D0></DIV> <DIV><FONT face=3DArial>Tom Worley<BR></FONT><A=20 href=3D"mailto:stkguru@bellsouth.net"><FONT=20 face=3DArial>stkguru@bellsouth.net</FONT></A><BR><FONT = face=3DArial>AIM:=20 TexWorley</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_001_000E_01C1D36C.BEA1D490-- - ------=_NextPart_000_000D_01C1D36C.BEA1D490 Content-Type: image/gif; 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