Re: [CANSLIM] Earnings

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Earnings
Date: Tue, 30 Apr 2002 00:11:15 -0400
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Turn it around, Fred, we have been over this ground before. That is why =
WON does not look at trailing PE, it only speaks to the past, not the =
future, and right now stocks are showing pretty much the full effect of =
falling earnings, hence a high trailing PE. Post a story on what the PE =
ratio is when you look at projected PE for this year, better still next =
year. Entirely different picture.=20

Let me try it again, EXPECTATIONS drives the market, not what it did =
last quarter, or several quarters before that.

The key right now is whether those expectations can be fulfilled by =
corporate America, by consumer spending continuing at a decent pace, by =
further improvements in the economy. Only time will tell.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Monday, April 29, 2002 4:52 PM
Subject: [CANSLIM] Earnings


From the Dow Jones wire service today:

NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard & Poor's =
500 index at the close of trading Monday, April 29, was 43.15.=20
Friday, the ratio was 43.59.=20

A year ago, the ratio was about 25.33.=20

The lowest price/earnings ratio on the S&P 500 came in the second =
quarter of 1949, when the reading slipped to 5.9.=20

Over the last decade, the low was 15.77 in the first quarter of 1995.=20

The price/earnings ratio, known as the multiple, is a measure of the =
average stock price divided by the average earnings per share. The =
earnings data are based on the trailing four quarters.=20




Fred Richards


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<DIV><FONT face=3DArial>Turn it around, Fred, we have been over this =
ground=20
before. That is why WON does not look at trailing PE, it only speaks to =
the=20
past, not the future, and right now stocks are showing pretty much the =
full=20
effect of falling earnings, hence a high trailing PE. Post a story on =
what the=20
PE ratio is when you look at projected PE for this year, better still =
next year.=20
Entirely different picture. </FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Let me try it again, EXPECTATIONS drives the =
market, not=20
what it did last quarter, or several quarters before that.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>The key right now is whether those expectations =
can be=20
fulfilled by corporate America, by consumer spending continuing at a =
decent=20
pace, by further improvements in the economy. Only time will =
tell.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred Richards</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Monday, April 29, 2002 4:52 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] Earnings</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D440085220-29042002>From =
the Dow Jones=20
wire service today:</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D440085220-29042002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D440085220-29042002><FONT=20
face=3D"Times New Roman" size=3D3>NEW YORK -(Dow Jones)- The =
price/earnings ratio of=20
the Standard &amp; Poor's 500 index at the close of trading Monday, =
April 29,=20
was 43.15. </FONT>
<P>Friday, the ratio was 43.59.=20
<P>A year ago, the ratio was about 25.33.=20
<P>The lowest price/earnings ratio on the S&amp;P 500 came in the second =
quarter=20
of 1949, when the reading slipped to 5.9.=20
<P>Over the last decade, the low was 15.77 in the first quarter of 1995. =

<P>The price/earnings ratio, known as the multiple, is a measure of the =
average=20
stock price divided by the average earnings per share. The earnings data =
are=20
based on the trailing four quarters.=20
<P><BR></P></SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Fred Richards</FONT></DIV>
<DIV>&nbsp;</DIV></BODY></HTML>

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