[CANSLIM] PMFG

From: Ian <ianstm@shaw.ca>
Subject: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 09:28:09 -0700

Next Article (by Author): Re: [CANSLIM] PMFG "J. Lobatto"
Previous Article (by Author): RE: [CANSLIM] M where now? Correction Delete previous "Hill, Ernie"
Next in Thread: Re: [CANSLIM] PMFG "J. Lobatto"
Articles sorted by: [Date] [Author] [Subject]

Hi all:

I thought I would throw out PMFG as a CANSLIM watchlist candidate, based on
the strength of their historical and current revenue and EPS growth. They
announced earnings today -
http://biz.yahoo.com/prnews/020430/datu033_1.html - another strong Q,
showing 58% revenue growth, and 167% income growth, and $0.38 EPS. The
caveat in todays report is the declining backlog (69 M to 63M) from last Q.

They are a 'traditional' CANSLIM candidate, in that there are just 3,000,000
shares outstanding. The 2-year weekly chart is starting to look
interesting - the daily chart appears random, as the stock is highly
illiquid, volatile and subject to excessive spreads.

IF AND ONLY IF a significant (20000+) change in average daily volume is
sustained, then it would meet all of my personal cirteria as an exceptional
CANSLIM candidate. But that is a big 'IF' - it really needs a quantum change
in volume - right now, it could easily collapse with one block seller.

PMFG is one to add to the watchlist - looking for a sustained daily volume
increase, and a price move up through resistance levels in the $18-$23 area.


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.

Go to Jeff Salisbury LWGate Home Page.