Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] management rankings
Date: Thu, 2 May 2002 19:48:16 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C1F212.4D6B5F20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Webster: CEO =3D Conceited, Egotist, Overpaid=20 However, one or two of the chief execs. that you might look at include = Tom Golisano of Paychex (PAYX), Jeff Immelt of GE,=20 ----- Original Message -----=20 From: webster=20 To: canslim@lists.xmission.com=20 Sent: Thursday, May 02, 2002 8:11 PM Subject: [CANSLIM] management rankings Hi everyone this is my first Post. I apologize in advance if this topic has been covered recently. I have developed an interest in quality of management(havent we all in = this environment) But I am trying to find sources of information = regarding this- whether it be informed debate or industry rankings or = whatever. I am hoping a forum such as this has more than its fair share of = fundamental investors that can help me on my quest. It seems to me that excellent management will eventually lead to = positive results (assuming that they are not in a dying industry) That = being said timing is important as well. I have for a long time concentrated on TA for timing decisions but not = as a day trader eg I use weekly charts a lot!=20 I am not an ego driven trader/investor- I do not have to be "right " = but anyone who has read Van Tharps book "trade your way to financial = freedom" will know that even a 10% win loss ratio can be very successful = as long as your average winners are big enough and your losses small = enough in comparison. This is where my concerns about management quality comes in. In this = whipsaw type of market even solid stocks are being punished. So it is = quite concievable that your stock selection can see you invest in a = great company at a reasonable(not overextended price) only to see your = stock plummet 20% or more. With the ability to have your losers at 20% our winners must be much = bigger to stay in front. Unless of course you trust your stock picking = to be 100% right and then you dont have any losers! (Unforunately that = is not me!) I believe we have to have a get out point even if you are an = investor and not a trader. So back to management quality. Any company = can have a bad quarter or two due to bad luck or economic (external) = reasons. The key to whether we should invest in these devalued stocks is = whether we can believe what management says about future prospects etc. = We all can relate to a stock we have in hindsite held too long on the = way down, based on the soothing words of management at the time of the = distribution phase. As an Australia investor there are some well known = examples- Pasminco(Mining) HIH(insurance) Onetel(telecom) All were considered well run companies at some stage. All gave = investors soothing words and all burned the faithful ones big time. = Obviously in the US Enron, Global crossing, etc are better known = examples to you all. So what are some of the better regarded CEO's why are they considered = so good?=20 I look forward to hearing some suggestions Cheers Peter - ------=_NextPart_000_0018_01C1F212.4D6B5F20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4522.1800" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Webster:</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>CEO =3D Conceited, Egotist, Overpaid = </FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>However, one or two of the chief execs. = that you=20 might look at include Tom Golisano of Paychex (PAYX), = Jeff Immelt of=20 GE, </FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dpwebste1@bigpond.net.au=20 href=3D"mailto:pwebste1@bigpond.net.au">webster</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, May 02, 2002 = 8:11=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] management=20 rankings</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>Hi everyone this is my first = Post.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I apologize in advance if this topic = has been=20 covered recently.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I have developed an interest in = quality of=20 management(havent we all in this environment) But I am trying to find = sources=20 of information regarding this- whether it be informed debate or = industry=20 rankings or whatever.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>I am hoping a forum such as this has = more than=20 its fair share of fundamental investors that can help me on my=20 quest.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>It seems to me that excellent = management will=20 eventually lead to positive results (assuming that they are not in a = dying=20 industry) That being said timing is important as well.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>I have for a long time concentrated = on TA for=20 timing decisions but not as a day trader eg I use weekly charts a lot! = </FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I am not an ego driven = trader/investor- I do not=20 have to be "right " but anyone who has read Van Tharps book "trade = your way to=20 financial freedom" will know that even a 10% win loss ratio can be = very=20 successful as long as your average winners are big enough and your = losses=20 small enough in comparison.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>This is where my concerns about = management=20 quality comes in. In this whipsaw type of market even solid stocks are = being=20 punished. So it is quite concievable that your stock selection can see = you=20 invest in a great company at a reasonable(not overextended price) only = to see=20 your stock plummet 20% or more.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>With the ability to have your losers = at 20% our=20 winners must be much bigger to stay in front. Unless of course you = trust your=20 stock picking to be 100% right and then you dont have any losers!=20 (Unforunately that is not me!) I believe we have to have a get out = point even=20 if you are an investor and not a trader. So back to management = quality.=20 Any company can have a bad quarter or two due to bad luck or economic=20 (external) reasons. The key to whether we should invest in these = devalued=20 stocks is whether we can believe what management says about future = prospects=20 etc. We all can relate to a stock we have in hindsite held too long on = the way=20 down, based on the soothing words of management at the time of the=20 distribution phase. As an Australia investor there are some well known = examples- Pasminco(Mining) HIH(insurance) Onetel(telecom)</FONT></DIV> <DIV><FONT face=3DArial size=3D2>All were considered well run = companies at some=20 stage. All gave investors soothing words and all burned the faithful = ones big=20 time. Obviously in the US Enron, Global crossing, etc are better known = examples to you all.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>So what are some of the better = regarded CEO's why=20 are they considered so good? </FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>I look forward to hearing some=20 suggestions</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Cheers</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Peter</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial = size=3D2></FONT> </DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0018_01C1F212.4D6B5F20-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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