Re: [CANSLIM] Testing Smart Money Screening Tool

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] Testing Smart Money Screening Tool
Date: Sun, 21 Apr 2002 21:01:55 -0600

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Jack,

I suspect that investors are sour on the industry. VV tells me that 
Healthcare (Instruments) (which is where it puts CNTL) is #164 out of 
202 industries. IBD industry rankings should confirm that. The VV chart 
for the industry is pretty gruesome -- dropped like a stone last week -- 
dunno why. Looks like a good stock to keep in mind for when the industry 
picks up, and when we can start looking for a good entry point.

Warren

jhs wrote:

>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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>
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