RE: [CANSLIM] Testing Smart Money Screening Tool

From: "jhs" <jhs@chorus.net>
Subject: RE: [CANSLIM] Testing Smart Money Screening Tool
Date: Sat, 20 Apr 2002 21:00:22 -0500

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I was independently testing some screening tools using the HarrisDirect site
and also came up with CNTL.

This looks like an interesting possibility.  Good revenue growth, good
earnings.  Something happened during the fourth quarter of 2000, but
otherwise quarterly revenues show strong steady growth.  EPS rating is 93,
RS is 84, and all others are A rate except for Group RS which is C+.
Managment owns 29%, Banks 2%, and Funds own 14%.

What I find mystifying, however, is that despite 4.4 million shares float,
the 50 day average volume is only 38,000.  That seems very strange and
suggests the stock is relatively illiquid.  Any comments?

Jack Spear
jhs@chorus.net <mailto:jhs@chorus.net>
 


> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel
> Sent: Sunday, April 21, 2002 1:09 PM
> To: CANSLIM list
> 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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