[CANSLIM] Q: Accelerating growth

From: "Mike Gibbons" <mike@proactech.com>
Subject: [CANSLIM] Q: Accelerating growth
Date: Thu, 2 May 2002 09:24:43 -1000

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I've often seen WON and IBD refer to the need for "accelerating growth".
Strictly speaking, that means that the *rate of change* of growth should be
positive.

In yesterday's Investor's Corner they said of PHA, "At the time, earnings
growth was accelerating (8% to 35% to 57%)". So the change in growth was
from 8% to 35% (27%) to 35% to 57% (22%). So the *rate of change* of growth
was 22 - 27 -> -5. That is, growth was decelerating not accelerating

Now as a physics major, I may be too picky, but I believe that language
should be used correctly or it loses its value. It seems to me that what
they mean is "earnings growth was increasing".

In that case the WON rule that says that "sales growth should be
accelerating" needs to be restated to "sales growth should be increasing".

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Warren Keuffel
Sent: Thursday, May 02, 2002 7:55 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] IBD's Industry Group and Ticker Symbol Index

If you intend to pursue a group-oriented strategy, and you intend to use
IBD's 197 industry group tables, the book is indispensible because it's
not always obvious which companies are assigned to which industry
groups. I'm using Vector Vest now, which has its own industry groupings,
so I no longer buy the IBD books.

HTH.
Warren

rolf hertenstein wrote:

>Hello all -
>
>Could anyone who has used this guide in the past
>tell me if they
>indeed found it useful?  I'll likely wait for the
>next issue due in June
>in any case.
>
>Thanks!
>
> Rolf
>
>
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