Re: [CANSLIM] Testing Smart Money Screening Tool

From: "Ira Post" <ip108@yahoo.com>
Subject: Re: [CANSLIM] Testing Smart Money Screening Tool
Date: Sun, 21 Apr 2002 15:08:57 -0400

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I'm always interested in new screening tools (or old ones I don't know
about).  Some questions/comments.

1) Can you do three year earnings instead of 5 with this screen?
2) While debt/equity is a good thing to evaluate, some companies with high
debt are good buys.  But high debt is a red light that should be looked at.
3) I'm not big on looking at market capitalization.  The reason low market
cap stocks often do better is because their may be more of those stocks that
are a good value and haven't gotten onto many peoples radar.  I prefer to
look at the company and its fundamentals regardless of market cap.


- ----- Original Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To: "CANSLIM list" <canslim@lists.xmission.com>
Sent: Sunday, April 21, 2002 2:08 PM
Subject: [CANSLIM] Testing Smart Money Screening Tool


> Hey, I signed up for a two week free trial of a financial site run by
> Smart Money. Looking through HTMMIS I created a screen with these
> CANSLIM parameters:
>
> A -- 5 Yr earnings growth % >= 25%
> C -- Quarterly earnings % (compared to same qtr previous year) >= 25%
> I -- Institutional ownership < 40%
> S -- Market Cap < $200M
> S -- Debt as % of total cap < 50%
>
> It gave me back 10 stocks
>
> EMBX
> CNTL
> VLGEA
> FRS
> XNR
> HITK
> PMFG
> HANS
> TRAK
> TOF
>
> I have not looked at the charts for these bad boys, or done any further
> DD, but I am curious what comments you might have about (a) screening in
> this manner; (b) the screening parameters (numbers) I used; and (c)
> which, if any, parameters would you drop, add or change.
>
> Obviously these parameters are very tight but I did that deliberately so
> as to create a hit list of manageable size for this message. For a
> real-world exercise I would loosen the parameters somewhat and conduct
> more DD.
>
> Warren
>
>
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