Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] JDAS
Date: Wed, 27 Mar 2002 16:04:01 -0600
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Hi Bill,
I'm quite stringent in candidate selection, but strangely enough pay =
little attention to the EPS ranking as a selection criteria. So, the =
EPS=3D76 would not be problematic on its own. There are several things =
that keep JDAS out of the short list for me:
1-ROE--much too low at 7%. I will give a stock the benefit of the doubt =
on this when all the other evidence weighs in, but JDAS has a history of =
erratic earnings and so far, hasn't shown the ability to consistently =
grow them for long periods of time. Also, the 7% places them much lower =
than many better candidates in the same industry.
2-Forward growth rate--until only recently, the forward growth rate has =
been in a steady decline since it peaked in Oct. 2000. Just this week, =
it meets my minimum forward growth requirements of 15%, so that means it =
gets my attention again.
3--Because its past profitability (as expressed through EPS growth and =
ROE) has been less than stellar and forward growth is minimal, the =
stock's price/value tradeoff is poor. Given that there are other stocks =
in the same group with better tradeoffs, I would choose them over JDAS.
From what I can tell in due diligence, this company has some good things =
going for it, but I want more evidence that the recent reacceleration in =
earnings can be sustained. As the other evidence doesn't weigh in the =
company's favor, I tend to keep a stock like this in view, but favor =
other (better) stocks in the same industry group.=20
Katherine
----- Original Message -----=20
From: William King=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 27, 2002 2:45 PM
Subject: Re: [CANSLIM] JDAS
Katherine,
By "JDAS doesn't pass all my required tests", do you mean EPS low at =
76 and Growth rate N/A, or is there more?
Bill King
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 27, 2002 3:19 PM
Subject: Re: [CANSLIM] JDAS
Hi Novdust,
Good catch...nice breakout today. JDAS doesn't pass all my required =
tests, but they sure have a lot going from them. Makes sense that they =
are doing well, as retail has been shining of late and they're a pretty =
aggressive company appealing to software solutions for that market. =
Seems software in general has been strong lately. Also seeing some nice =
strength today in aero/defense, retail, techs related to consumer =
electronics, medicals, financials, IT services, non-CANSLIM groups like =
cyclicals (esp. oils) and (dare I mention it) gold. Even though the =
overall indexes look unchanged, the money is still flowing to certain =
parts of the market and the indexes as a whole are not succumbing to =
heavy distribution.
Katherine
----- Original Message -----=20
From: Novdust=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 27, 2002 1:24 PM
Subject: [CANSLIM] JDAS
Anyone looking at JDAS. Looking pretty good breaking out of =
resistance,
only thing is the market is not looking to great right now. =
Volume today on
markets are lower but market coming back from highs. Any =
thoughts?
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<DIV>Hi Bill,</DIV>
<DIV> </DIV>
<DIV>I'm quite stringent in candidate selection, but strangely enough =
pay little=20
attention to the EPS ranking as a selection criteria. So, the EPS=3D76 =
would not=20
be problematic on its own. There are several things that keep JDAS out =
of the=20
short list for me:</DIV>
<DIV> </DIV>
<DIV>1-ROE--much too low at 7%. I will give a stock the benefit of the =
doubt on=20
this when all the other evidence weighs in, but JDAS has a history of =
erratic=20
earnings and so far, hasn't shown the ability to consistently grow them =
for long=20
periods of time. Also, the 7% places them much lower than many better =
candidates=20
in the same industry.</DIV>
<DIV>2-Forward growth rate--until only recently, the forward growth rate =
has=20
been in a steady decline since it peaked in Oct. 2000. Just this week, =
it meets=20
my minimum forward growth requirements of 15%, so that means it gets my=20
attention again.</DIV>
<DIV>3--Because its past profitability (as expressed through EPS growth =
and ROE)=20
has been less than stellar and forward growth is minimal, the stock's=20
price/value tradeoff is poor. Given that there are other stocks in the =
same=20
group with better tradeoffs, I would choose them over JDAS.</DIV>
<DIV> </DIV>
<DIV>From what I can tell in due diligence, this company has some good =
things=20
going for it, but I want more evidence that the recent reacceleration in =
earnings can be sustained. As the other evidence doesn't weigh in the =
company's=20
favor, I tend to keep a stock like this in view, but favor other =
(better) stocks=20
in the same industry group. </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=3Dwk11@adelphia.net href=3D"mailto:wk11@adelphia.net">William =
King</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> Wednesday, March 27, 2002 =
2:45=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
JDAS</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Katherine,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>By "<FONT face=3D"Times New Roman" =
size=3D3>JDAS=20
doesn't pass all my required tests", do you mean EPS low at 76 and =
Growth rate=20
N/A, or is there more?</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Bill King</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, March 27, =
2002 3:19=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
JDAS</DIV>
<DIV><BR></DIV>
<DIV>Hi Novdust,</DIV>
<DIV> </DIV>
<DIV>Good catch...nice breakout today. JDAS doesn't pass all my =
required=20
tests, but they sure have a lot going from them. Makes sense that =
they are=20
doing well, as retail has been shining of late and they're a pretty=20
aggressive company appealing to software solutions for that market. =
Seems=20
software in general has been strong lately. Also seeing some nice =
strength=20
today in aero/defense, retail, techs related to consumer =
electronics,=20
medicals, financials, IT services, non-CANSLIM groups like cyclicals =
(esp.=20
oils) and (dare I mention it) gold. Even though the overall =
indexes=20
look unchanged, the money is still flowing to certain parts of the =
market=20
and the indexes as a whole are not succumbing to heavy =
distribution.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </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=3DNovdust@hotmail.com =
href=3D"mailto:Novdust@hotmail.com">Novdust</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> Wednesday, March 27, =
2002 1:24=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
JDAS</DIV>
<DIV><BR></DIV>Anyone looking at JDAS. Looking pretty good =
breaking=20
out of resistance,<BR>only thing is the market is not looking to =
great=20
right now. Volume today on<BR>markets are lower but market =
coming=20
back from highs. Any=20
thoughts?<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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