RE: [CANSLIM] Earnings

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Earnings
Date: Mon, 29 Apr 2002 13:58:03 -0400

Next Article (by Author): RE: [CANSLIM] Earnings "Fred Richards"
Previous Article (by Author): Re: [CANSLIM] Earnings DanC
Top of Thread: Re: [CANSLIM] Earnings "Tom Worley"
Next in Thread: Re: [CANSLIM] Earnings Spencer48@aol.com
Articles sorted by: [Date] [Author] [Subject]

Expectoration: a euphemism for the crap that flows uncontrollably, like
pea soup in the movie "The Exorcist," from the mouths of analysts who
are on the take for the companies they represent!  

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Fred Richards
Sent: Monday, April 29, 2002 9:23 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Earnings

Sorry, I don't know what an expectoration is?

Smiling.

FFR

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Monday, April 29, 2002 7:57 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Earnings

I disagree, Fred, everyone expects lousy year over year comparisons. The
market is driven by expectorations, not past history, and right now the
market wants to know that things will get better in the future.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Fred Richards" <adrich@gte.net>
To: <canslim@lists.xmission.com>
Sent: Monday, April 29, 2002 8:44 AM
Subject: RE: [CANSLIM] Earnings

One of the reasons so many S&P 500 companies have beaten their earning
estimates is that they reduced them significantly in recent months.  The
real criteria is how are they performing versus the previous quarter
last year.

Fred

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Ian
Sent: Monday, April 29, 2002 12:04 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Earnings

Hi all:

I thought I would weigh in with one observation that arises from my
personal
methodology: I start all of my daily mining by going through all the
'Ups' earnings reports in IBD. I list the companies with strong revenue
and EPS growth in a little notebook of mine - filtering out most
cyclicals, extreme high historical valuations, and unusually low RS. For
the last few quarters, I have seen fairly slim picking. But in the last
2 weeks, the number of entries in my book has swelled in comparison to
both Q4 2001 and Q1 2001.

I also note that a full 80%+ of S&P 500 companies have beaten earnings
estimates this Q.

I have no idea what this will mean for either the mega-cap indexes , or
the micro/smallcaps that tend to inhabit my universe - but it tells me
that earnings, if not 'M', are unequivocally on the upswing.

As an off-topic aside, several years ago I read an interview with a
successful investor who has been in the US equity markets for decades.
He made the comment that he now times economic cycles based on the
earnings of EK - when Kodak's earnings start to tick up, then the
economy is on the upswing. I don't know if it is still relevant in the
age of digital photography, but I did find myself making a mental note
last week when EK came out with their pronouncement that Q1 2002 was
their EPS bottom.

Finally, my universe of stocks finally took a hit Wed-Fri last week,
(not enough to lose all of the big gains of Mon-Tues, but it was the
first sign of panic selling since early February). I did end up
lightening up a lot of positions and raising cash - as it appears that
even some of the strong smallcaps are starting to be sucked into the
selling.

Ian

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.