Re: [CANSLIM] CSTR

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] CSTR
Date: Thu, 28 Mar 2002 20:12:02 -0800
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Tom:

But there aren't any actual earnings. They have never had any return on
their equity that has been returned to the blance sheet - which is what
companies with 'earnings' are supposed to do (in fact, this is meant to be
the whole reason for investing, as 'your' equity as a shareholder builds).

You are talking about a declining rate of losses - in a high-debt company in
a declining interest-rate environment. What happens when interest rates tick
up?

I'm from Missouri on this one - I'd need to see a quickly growing
balance-sheet to believe this one is for real. I guess it just ticks me off
when a supposedly 'fundamentals' based indicator like IBD's EPS gives high
marks to a company whose equity has been steadily shrinking.

That all being said - it is clear to me that the high-beta momo funds are
strongly supporting CSTR right now (it has an amazing LLUR chart pattern
since May 2000), and could take it for quite a ride. Maybe they are right,
and CSTR will suddenly trun into a high-growth cash-generating machine ...
instead of a coin-eating, equity-destroying machine :)  We'll see.

Ian






- ----- Original Message -----
From: Tom Worley <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, March 28, 2002 7:08 PM
Subject: Re: [CANSLIM] CSTR


> Ian,
>
> earnings have been sharply improved both for the two latest qtrs, last 4
> qtrs, and last five years. To me, without attempting the math on their
> proprietary formula, an 80 seems low. Remember that the EPS Ranking (vice
> straight EPS) is intended to measure rate of growth of earnings (e.g.
> acceleration).
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Ian" <ianstm@shaw.ca>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, March 28, 2002 1:07 PM
> Subject: Re: [CANSLIM] CSTR
>
>
> Another example of mysterious IBD earnings rankings. How on earth does
CSTR
> get an '80' with ttm eps of 7 cents (and massive cumulative losses over
the
> years). It has been strong as a bull for over a year now, so it should
have
> a high RS - but earnings? They also have tons of debt - giving a
> staggeringingly high 'enterprise value' for a niche business with no
> earnings. I'm committed to making money shorting this one some day - but
for
> now, it sure seems to have a ton of support.
>
> JMHO.
>
> Ian
>
>
>
>
> ----- Original Message -----
> From: Tim Fisher <Tim@orerockon.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, March 28, 2002 9:37 AM
> Subject: Re: [CANSLIM] DFXI
>
>
> > Looks like it isn't going to hold the 52 wk hi. Never did like its
chart,
> > but nice numbers nonetheless. Also CSTR is staging a stealth B/O from a
> HTF
> > today.
> > HGS numbers on both (don't complain if they don't match IBD, ,which they
> > won't!):
> >
> > Symbol  ERG     E       R       G       IGR     A/D     SMR     Growth
> > Curr Earn       Cur:Prv Curr Sales      Cur:Prv Proj
> > Earn       Industry        Price   Vol50
> >
> > CSTR    252     80      91      81      A       B       D       NA
> 145
> >      164     26      23      550     COMM_MISC       31.73   3112
> > DFXI    279     99      91      89      A       B       A       136
54
> >      48      77      53      23      LEIS_PRODS      35.86   8117
> >
> >
> > At 10:03 AM 3/28/2002 -0500, you wrote:
> > >Looks like a breakout for DFXI. Volume at 630,000 the first half hour
> > >versus 810,000 daily average. Price up over $2.00.
> >
> > Tim Fisher
> > Ore-ROCK-On Rockhounding Web Site
> > Owner, Fisher Fisheries, Ltd.
> > mailto:tim@OreRockOn.com
> > WWW http://OreRockOn.com
> >
> >
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