Re: [CANSLIM] PMFG

From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] PMFG
Date: Tue, 30 Apr 2002 15:23:58 -0400
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I checked the RS number on Quotes Plus and it is 86! It's strange... usually
the Quotes Plus (QRS) and IBD's RS track each other fairly closely. This is
one of those cases where they're wildly different. I don't know the exact
formula for either number, but they obviously are weighting things
differently or using different time frames.

Jon
- ----- Original Message -----
From: "Harvey Brion" <hbrion@ieee.org>
To: <canslim@lists.xmission.com>
Sent: Tuesday, April 30, 2002 3:17 PM
Subject: Re: [CANSLIM] PMFG


> RS only 50; GRS 49.  Rest of the numbers look pretty good.  REALLY thinly
traded
> (ADV 5400).  Still in base, so no pivot point yet.  If I were a "base
buyer"
> (which I'm not) I'd try to get in at $16; that keeps me in at 15.  In this
> market, I like to buy the pullback after breakout.  (There always seems to
be
> one.)
>
> Apparently no analysts to provide a Q4 estimate (another reason I don't
buy) but
> it will be a tough comparison with the $.99 earned in Q4 of FY01.
However,
> they've already earned $.94 through the first 3 quarters of FY02 and if
they
> only hit their average of $.31 in Q4, they'll have FY-FY growth of
> 1.25/1.03=21%.  Continuing with this scenario (Q4 EPS of $.31) it's
interesting
> to note that with 21% growth in EPS for FY02,  their trailing P/E would
actually
> INCREASE from 8.8 to 13.6 because the high Q4 number of last FY drops out
of the
> P/E calculation.
>
> This looks like a risky microcap (is that redundant?) value play.  I agree
it's
> interesting to look at.
>
> "J. Lobatto" wrote:
>
> > Ian,
> >
> > PMFG looks interesting. Taking a look at the chart which is an extended
> > downward sloping base, where would you set the pivot point; back at the
July
> > high of 23.75 or sometime after that at a lower price?
> >
> > Jon
> > ----- Original Message -----
> > From: "Ian" <ianstm@shaw.ca>
> > To: <canslim@lists.xmission.com>
> > Sent: Tuesday, April 30, 2002 12:28 PM
> > Subject: [CANSLIM] PMFG
> >
> > > 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
> > >
> > >
> > >
> > >
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