Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: DVD's (was [CANSLIM] WCOM restatement)
Date: Wed, 26 Jun 2002 12:08:39 -0500
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Kelly,
I'm not intimately familiar with all the names under this macrotheme, =
but in general, I'd say that the shift to DVD-based entertainment has =
been substantial and any time there is a secular shift in technology, =
there are real profits to be had. In this case, I think the profits are =
spread around very well between all industry sectors. (but as with all =
technologies, those with the proprietary elements get the lion's share =
of the profits) DVD prices are still quite high, though I noticed at =
Christmas, for the first time, that the prices of DVD players had =
dropped substantially, indicating that demand is reaching critical mass. =
That means that the lower prices make DVD players more affordable =
(scarcity becomes abundance), people replace and/or supplement their =
VCR's with DVD's, and then demand for DVD media becomes larger. That =
snowballs throughout the supply chain. Still up for grabs are =
implementations of DVD recording standards established somewhat =
recently....that could start a whole new chain of events.
I'd been disinclined to compare DVD's to PCs....the former early in its =
adoption life cycle, the latter late in its business life cycle =
(maturity phase, though arguably not yet in the decline phase).
Katherine
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 26, 2002 11:42 AM
Subject: RE: DVD's (was [CANSLIM] WCOM restatement)
Katherine-
A wealth of information as usual- thank you. But WHO makes money in =
this business? Is it Blockbuster? Philips/Sony? Movie Studios? Fed-Ex? =
Or does anyone make money in DVD's (has it gone the way of the pc)?
I appreciate your opinions- Kelly
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Wednesday, June 26, 2002 11:27 AM
To: canslim@lists.xmission.com
Subject: Re: DVD's (was [CANSLIM] WCOM restatement)
For starters:
-DVD distributors such as DISK, HDL etc
-Retailers such as AMZN, BBY etc
-Hardware---runs the gamut from gaming hardware (Nintendo, XBox, =
etc), to video chips to handle the increased graphics requirements, to =
- -DVD players (Samsung, Matsushita), to chips (INTC and some specialty =
chip makers), to DVD drive makers, etc.
-Software, such as NAVR and ROXI etc.
-Hardware components distributors such as TECD, IM, Games Makers who =
will beef up games offereings given the extra content capabilities of =
DVD based games, etc.
-etc
-etc
Katherine
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 26, 2002 10:50 AM
Subject: RE: [CANSLIM] WCOM restatement
Katherine-
I think you recapped the past three weeks worth of conversations- =
we're all bored! So let me pose this question to the group: DVD's. Who =
makes money off DVD's?=20
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Wednesday, June 26, 2002 10:40 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] WCOM restatement
Hi Kelly,
The '87 crash was considerably different....far more an event =
than a process as is the current Bear which is undoing the excesses of =
the late '90's. At that time, cocktail conversations rarely included =
talk of stocks, but on Black Monday...people who didn't even know what =
the stock market was all about were gathered around the TV at lunch =
time. In retrospect, the Fed's quick intervention and the adjustments to =
program trading guidelines made this a blip on the bull market screen, =
so the "throwing in the towel" talk was far more short-lived than now. =
Most folks investing these days know little of what creates value and =
perceived value in the stock market. Even fewer are students of market =
history. But I'd bet the same conversations could be heard in the 30's =
and the 60's. Sometimes the best way to *really* learn it is to live it.
Besides, we're bored to tears..... :)) But I *am* enjoying the =
time off to pursue summer reading...throw away novels of little =
consequence, mindless fluff ....ah, what a pleasure!
Katherine
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, June 26, 2002 10:25 AM
Subject: RE: [CANSLIM] WCOM restatement
If I were new to this earth and had just learned what the US =
stock market was by reading the comments shared this morning =
post-Worldcom I'd think the stock market was going bye-bye. I'll admit- =
I'm still wet behind the ears when it comes to investing experience but =
I can't for a minute believe that the same types of comments weren't =
passed around (albeit pre-Internet, shiver) regarding the 1987 crash. =
Can anyone remember back that far? I am correct and memory short? Or =
this truly "new"? Sorry folks- I was in the sixth grade in 1987.
Kelly
P.S. - thanks for the "Wall Street" quotes- it's the most used =
DVD I own!
-----Original Message-----
From: Cefaloni, John L Jr. [AMSTA-AR-WEA]
[mailto:john.cefaloni@us.army.mil]
Sent: Wednesday, June 26, 2002 10:18 AM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] WCOM restatement
At the risk of being corny, I thought I'd dig up some quotes =
from the movie
"Wall Street" (because Hollywood tells us everything we need =
to know about
life ;-)
"The main thing about money, Bud, is that it makes you do =
things you don't
want to do."
"Stop going for the easy buck and start producing something =
with your life.
Create, instead of living off the buying and selling of =
others."=20
"Stick to the fundamentals. That's how IBM and Hilton were =
built."
"There are no shotcuts. Quick-buck artists come and go with =
every bull
market, but the steady players make it through the bear =
markets."
"You're on a roll, kid. Enjoy it while it lasts, becuase it =
never does."
and, of course...
"Man looks in the abyss, there's nothing staring back at him. =
At that
moment, man finds his character. And that is what keeps him =
out of the
abyss."
Of course, the movie is packed with many more "bullish" =
quotes, but those
will have to wait for another day.
-----Original Message-----
From: Winston Little [mailto:wlittle1@peoplepc.com]
Sent: Wednesday, June 26, 2002 10:33 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] WCOM restatement
People in the rust belt are back in style.
I believe the expression is "The meek shall inherit the =
earth".
There is merit to the people who work and sweat for a living, =
instead of the
glorified crooks of the past three years.
Remember all those clowns forming companies (with NO EARNINGS) =
that had
market capitalization greater than that of General Motors?
Today:
Lear LEI is up.They make car seats and interior parts.
Delphi DPH guided up yesterday. They make electronic parts for =
cars (mostly
GM).
Visteon VC guided up this morning.They make car parts (mostly =
for Ford).
P&G ( as Duke pointed out) is up. Soap, toothpaste and paper =
towels.
Donnelly DON (mirrors for cars) is to be bought out by Magna =
(they make car
parts) at 38% premium.
----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, June 26, 2002 10:07 AM
Subject: RE: [CANSLIM] WCOM restatement
> Absolutely.
>
> P&G is up over $1 at the open this a.m. Up 16% this year. =
43% last two
> years. Soap, toothpaste, quality people. All things you =
can count
> (on).
>
> Duke
>
> (I do have a position in P&G)
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of =
Winston Little
> Sent: Wednesday, June 26, 2002 9:48 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] WCOM restatement
>
>
> There may be some merit to companies that make goods that I =
can see,
> touch and count such as houses, cars, chemicals.
>
> There may also be some merit to companies that pay =
dividends, as the
> crooks are less likely to borrow or steal funds to pay =
dividends.
>
>
> ----- Original Message -----
> From: "Dave Cameron" <dfcameron@yahoo.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, June 26, 2002 9:33 AM
> Subject: RE: [CANSLIM] WCOM restatement
>
>
> > Rocky (and all),
> >
> > Yeah... this is amazing. As a professional statistician, =
the recent
> > events show why I don't use classical statistical =
techniques in
> > investing. I sold all my individual holdings in November =
- - haven't
> > bought back in. Still hold the mutual funds for long =
term, but
> > continue to watch them dwindle.
> >
> > My line to people at work is that I'll be working until =
I'm 80....
> >
> > Dave
> >
> > --- Rocky Sanghvi <rs@mylodestar.com> wrote:
> > > I wish I could say that today coming blowoff will be the =
last one.
> > > There are other skeletons in the closet. More =
importantly the
> > > impact of the
> > > dropping dollar will be enormous in our highly leveraged =
financial
> > > system.
> > >
> > > From ECON 101
> > > Until now we were managing to balance our foreign =
deficits by inflow
>
> > > of cash from other countries into our markets. The =
falling dollar
> > > is an indication
> > > that money is moving OUT of the country. Watch out for =
the ripple
> > > effects.
> > >
> > > Unless ofcourse we attack Iraq immediately and thereby =
create "a
> > > demand" for
> > > the the safety of the American dollar. ;) I guess I =
am cynical.
> > > Today
> > > the market lost me as an investor for a very long time. =
I quit.
> > >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of =
Winston Little
> > > Sent: Wednesday, June 26, 2002 8:34 AM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] WCOM restatement
> > >
> > >
> > >
> > > The mantra of the clowns:
> > > "I want it ALL"
> > > "Give it to me NOW"
> > > "It is MINE, I deserve it"
> > >
> > > ----- Original Message -----
> > > From: "Kent Norman" <kent_norman@yahoo.com>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Wednesday, June 26, 2002 8:12 AM
> > > Subject: RE: [CANSLIM] WCOM restatement
> > >
> > >
> > > > The answer is:
> > > >
> > > > The same childish, short-sighted, immediate =
satisfaction that
> > > blinds
> > > > them to the possibility that there is a tomorrow... =
They run the
> > > > business like they live their life. All today and no =
tomorrow.
> > > >
> > > > Kent Norman
> > > >
> > > > --- "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
> > > <john.cefaloni@us.army.mil>
> > > > wrote:
> > > > > Well said, Tom. What is it that makes people do =
things for
> > > temporary
> > > > > gain
> > > > > when they know they'll probably get slammed for it =
in the
> > > future?
> > > > >
> > > > > I guess it's just greed, stupidity and arrogance.
> > > > >
> > > > > -----Original Message-----
> > > > > From: Tom Worley [mailto:stkguru@bellsouth.net]
> > > > > Sent: Wednesday, June 26, 2002 12:53 AM
> > > > > To: CANSLIM
> > > > > Subject: [CANSLIM] WCOM restatement
> > > > >
> > > > >
> > > > > once again, Andersen strikes again, this time by =
signing off on
> > > > > Worldcom hiding over $3 billion in expenses as =
capital
> > > > > expenditures, and
> > > thus
> > > > > inflating cash flow. Restatement expected to take =
away last
> > > five
> > > > > quarters of
> > > > > profits and turn them into losses.
> > > > >
> > > > > Who gave this sanction to a deviation from GAAP =
(Generally
> > > Accepted
> > > > > Accounting Principles)?? Andersen, of course. It's =
clear that
> > > Enron
> > > > > was only
> > > > > the tip of the iceberg, as if Waste Management, =
Sunbeam, and a
> > > host
> > > > > of other
> > > > > companies were not sufficient warning of major =
problems in
> > > corporate
> > > > > policy
> > > > > and infrastructure. Sad to see a great name like =
Andersen
> > > prostituted
> > > > > to
> > > > > selling its certification services for any price, =
but also
> > > clear that
> > > > > it
> > > > > must disappear from corporate America. And until =
every major
> > > company
> > > > > audited
> > > > > by Andersen undergoes a special review by the SEC on =
accounting
> > > > > practices, I doubt anyone will believe that we have =
finally seen
>
> > > > > it all.
> > > > >
> > > > > Tom Worley
> > > > > stkguru@bellsouth.net
> > > > > AIM: TexWorley
> > > > >
> > > > >
> > > > >
> > > > > -
> > > > > -To subscribe/unsubscribe, email =
"majordomo@xmission.com" -In
> > > > > the email body, write "subscribe canslim" or =
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> > > > > canslim". Do not use quotes in your email.
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> > > > > -
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> > > > > the email body, write "subscribe canslim" or =
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> > > > > canslim". Do not use quotes in your email.
> > > >
> > > >
> > > > =3D=3D=3D=3D=3D
> > > > Opportunities always look bigger going than coming.
> > > >
> > > > __________________________________________________
> > > > Do You Yahoo!?
> > > > Yahoo! - Official partner of 2002 FIFA World Cup
> > > > http://fifaworldcup.yahoo.com
> > > >
> > > > -
> > > > -To subscribe/unsubscribe, email =
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> > > >
> > >
> > >
> > > -
> > > -To subscribe/unsubscribe, email =
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> > > email body, write "subscribe canslim" or -"unsubscribe =
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>
> > > not use quotes in your email.
> > >
> > >
> > >
> > > -
> > > -To subscribe/unsubscribe, email =
"majordomo@xmission.com" -In the
> > > email body, write "subscribe canslim" or -"unsubscribe =
canslim". Do
>
> > > not use quotes in your email.
> >
> >
> > =3D=3D=3D=3D=3D
> > Dave Cameron
> > dfcameron@yahoo.com
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Yahoo! - Official partner of 2002 FIFA World Cup
> > http://fifaworldcup.yahoo.com
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
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> >
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>
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<BODY bgColor=3D#ffffff>
<DIV>Kelly,</DIV>
<DIV> </DIV>
<DIV>I'm not intimately familiar with all the names under this =
macrotheme, but=20
in general, I'd say that the shift to DVD-based entertainment has been=20
substantial and any time there is a secular shift in technology, there =
are real=20
profits to be had. In this case, I think the profits are spread around =
very well=20
between all industry sectors. (but as with all technologies, those with =
the=20
proprietary elements get the lion's share of the profits) DVD =
prices are=20
still quite high, though I noticed at Christmas, for the first time, =
that the=20
prices of DVD players had dropped substantially, indicating that demand =
is=20
reaching critical mass. That means that the lower prices make DVD =
players more=20
affordable (scarcity becomes abundance), people replace and/or =
supplement their=20
VCR's with DVD's, and then demand for DVD media becomes larger. That =
snowballs=20
throughout the supply chain. Still up for grabs are implementations of =
DVD=20
recording standards established somewhat recently....that could start a =
whole=20
new chain of events.</DIV>
<DIV> </DIV>
<DIV>I'd been disinclined to compare DVD's to PCs....the former early in =
its=20
adoption life cycle, the latter late in its business life cycle =
(maturity phase,=20
though arguably not yet in the decline phase).</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dkelly.short@neoris.com =
href=3D"mailto:kelly.short@neoris.com">Kelly=20
Short</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> Wednesday, June 26, 2002 =
11:42=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: DVD's (was =
[CANSLIM] WCOM=20
restatement)</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Katherine-</FONT></SPAN></DIV>
<DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff size=3D2>A=20
wealth of information as usual- thank you. But WHO makes money in this =
business? Is it Blockbuster? Philips/Sony? Movie Studios? Fed-Ex? Or =
does=20
anyone make money in DVD's (has it gone the way of the=20
pc)?</FONT></SPAN></DIV>
<DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D957284016-26062002><FONT face=3DArial =
color=3D#0000ff size=3D2>I=20
appreciate your opinions- Kelly</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, June 26, =
2002 11:27=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
DVD's=20
(was [CANSLIM] WCOM restatement)<BR><BR></FONT></DIV>
<DIV>For starters:</DIV>
<DIV> </DIV>
<DIV>-DVD distributors such as DISK, HDL etc</DIV>
<DIV>-Retailers such as AMZN, BBY etc</DIV>
<DIV>-Hardware---runs the gamut from gaming hardware (Nintendo, =
XBox, etc),=20
to video chips to handle the increased graphics requirements, to =
- -DVD=20
players (Samsung, Matsushita), to chips (INTC and some specialty =
chip=20
makers), to DVD drive makers, etc.</DIV>
<DIV>-Software, such as NAVR and ROXI etc.</DIV>
<DIV>-Hardware components distributors such as TECD, IM, Games =
Makers who=20
will beef up games offereings given the extra content capabilities =
of DVD=20
based games, etc.</DIV>
<DIV>-etc</DIV>
<DIV>-etc</DIV>
<DIV> </DIV>
<DIV>Katherine</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=3Dkelly.short@neoris.com =
href=3D"mailto:kelly.short@neoris.com">Kelly=20
Short</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June 26, =
2002 10:50=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] WCOM =
restatement</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Katherine-</FONT></SPAN></DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D802075015-26062002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>I think you recapped the past three weeks worth of =
conversations-=20
we're all bored! So let me pose this question to the group: DVD's. =
Who=20
makes money off DVD's? </FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine =
Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Wednesday, June 26, =
2002=20
10:40 AM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] WCOM restatement<BR><BR></FONT></DIV>
<DIV>Hi Kelly,</DIV>
<DIV> </DIV>
<DIV>The '87 crash was considerably different....far more an =
event than=20
a process as is the current Bear which is undoing the excesses =
of the=20
late '90's. At that time, cocktail conversations rarely included =
talk of=20
stocks, but on Black Monday...people who didn't even know what =
the stock=20
market was all about were gathered around the TV at lunch time. =
In=20
retrospect, the Fed's quick intervention and the adjustments to =
program=20
trading guidelines made this a blip on the bull market screen, =
so the=20
"throwing in the towel" talk was far more short-lived than now. =
Most=20
folks investing these days know little of what creates value and =
perceived value in the stock market. Even fewer are students of =
market=20
history. But I'd bet the same conversations could be heard in =
the 30's=20
and the 60's. Sometimes the best way to *really* learn it is to =
live=20
it.</DIV>
<DIV> </DIV>
<DIV>Besides, we're bored to tears..... :)) But I *am* enjoying =
the time=20
off to pursue summer reading...throw away novels of little=20
consequence, mindless fluff ....ah, what a pleasure!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkelly.short@neoris.com=20
href=3D"mailto:kelly.short@neoris.com">Kelly Short</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, June =
26, 2002=20
10:25 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
WCOM=20
restatement</DIV>
<DIV><BR></DIV>If I were new to this earth and had just =
learned what=20
the US stock market was by reading the comments shared this =
morning=20
post-Worldcom I'd think the stock market was going bye-bye. =
I'll=20
admit- I'm still wet behind the ears when it comes to =
investing=20
experience but I can't for a minute believe that the same =
types of=20
comments weren't passed around (albeit pre-Internet, shiver) =
regarding=20
the 1987 crash. Can anyone remember back that far? I am =
correct and=20
memory short? Or this truly "new"? Sorry folks- I was in the =
sixth=20
grade in 1987.<BR><BR>Kelly<BR><BR>P.S. - thanks for the "Wall =
Street"=20
quotes- it's the most used DVD I own!<BR><BR>-----Original=20
Message-----<BR>From: Cefaloni, John L Jr.=20
[AMSTA-AR-WEA]<BR>[mailto:john.cefaloni@us.army.mil]<BR>Sent:=20
Wednesday, June 26, 2002 10:18 AM<BR>To: <A=20
=
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A><BR>Subject:=20
RE: [CANSLIM] WCOM restatement<BR><BR><BR>At the risk of being =
corny,=20
I thought I'd dig up some quotes from the movie<BR>"Wall =
Street"=20
(because Hollywood tells us everything we need to know =
about<BR>life=20
;-)<BR><BR>"The main thing about money, Bud, is that it makes =
you do=20
things you don't<BR>want to do."<BR><BR>"Stop going for the =
easy buck=20
and start producing something with your life.<BR>Create, =
instead of=20
living off the buying and selling of others." <BR><BR>"Stick =
to the=20
fundamentals. That's how IBM and Hilton were=20
built."<BR><BR>"There are no shotcuts. Quick-buck =
artists come=20
and go with every bull<BR>market, but the steady players make =
it=20
through the bear markets."<BR><BR>"You're on a roll, =
kid. Enjoy=20
it while it lasts, becuase it never does."<BR><BR>and, of=20
course...<BR><BR>"Man looks in the abyss, there's nothing =
staring back=20
at him. At that<BR>moment, man finds his character. And that =
is what=20
keeps him out of the<BR>abyss."<BR><BR>Of course, the movie is =
packed=20
with many more "bullish" quotes, but those<BR>will have to =
wait for=20
another day.<BR><BR>-----Original Message-----<BR>From: =
Winston Little=20
[mailto:wlittle1@peoplepc.com]<BR>Sent: Wednesday, June 26, =
2002 10:33=20
AM<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
Re: [CANSLIM] WCOM restatement<BR><BR><BR>People in the rust =
belt are=20
back in style.<BR><BR>I believe the expression is "The meek =
shall=20
inherit the earth".<BR>There is merit to the people who work =
and sweat=20
for a living, instead of the<BR>glorified crooks of the past =
three=20
years.<BR>Remember all those clowns forming companies (with NO =
EARNINGS) that had<BR>market capitalization greater than that =
of=20
General Motors?<BR><BR>Today:<BR>Lear LEI is up.They make car =
seats=20
and interior parts.<BR>Delphi DPH guided up yesterday. They =
make=20
electronic parts for cars (mostly<BR>GM).<BR>Visteon VC guided =
up this=20
morning.They make car parts (mostly for Ford).<BR>P&G ( as =
Duke=20
pointed out) is up. Soap, toothpaste and paper =
towels.<BR>Donnelly=20
DON (mirrors for cars) is to be bought out by Magna =
(they make=20
car<BR>parts) at 38% premium.<BR><BR><BR><BR><BR>----- =
Original=20
Message -----<BR>From: "Duke Miller" <<A=20
=
href=3D"mailto:dukemill@tampabay.rr.com">dukemill@tampabay.rr.com</A>>=
<BR>To:=20
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Wednesday, June 26, 2002 10:07 AM<BR>Subject: RE: [CANSLIM] =
WCOM=20
restatement<BR><BR><BR>> Absolutely.<BR>><BR>> =
P&G is up=20
over $1 at the open this a.m. Up 16% this year. =
43% last=20
two<BR>> years. Soap, toothpaste, quality =
people. All=20
things you can count<BR>> (on).<BR>><BR>>=20
Duke<BR>><BR>> (I do have a position in =
P&G)<BR>><BR>>=20
-----Original Message-----<BR>> From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>>=20
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston =
Little<BR>> Sent: Wednesday, June 26, 2002 9:48 AM<BR>> =
To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>>=20
Subject: Re: [CANSLIM] WCOM =
restatement<BR>><BR>><BR>> There=20
may be some merit to companies that make goods that I can =
see,<BR>>=20
touch and count such as houses, cars, =
chemicals.<BR>><BR>> There=20
may also be some merit to companies that pay dividends, as =
the<BR>>=20
crooks are less likely to borrow or steal funds to pay=20
dividends.<BR>><BR>><BR>> ----- Original Message=20
-----<BR>> From: "Dave Cameron" <<A=20
=
href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A>><BR>>=20
To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>>=20
Sent: Wednesday, June 26, 2002 9:33 AM<BR>> Subject: RE: =
[CANSLIM]=20
WCOM restatement<BR>><BR>><BR>> > Rocky (and =
all),<BR>>=20
><BR>> > Yeah... this is amazing. As a=20
professional statistician, the recent<BR>> > events show =
why I=20
don't use classical statistical techniques in<BR>> >=20
investing. I sold all my individual holdings in =
November -=20
haven't<BR>> > bought back in. Still hold =
the mutual=20
funds for long term, but<BR>> > continue to watch them=20
dwindle.<BR>> ><BR>> > My line to people at work =
is that=20
I'll be working until I'm 80....<BR>> ><BR>> >=20
Dave<BR>> ><BR>> > --- Rocky Sanghvi <<A=20
href=3D"mailto:rs@mylodestar.com">rs@mylodestar.com</A>>=20
wrote:<BR>> > > I wish I could say that today coming =
blowoff=20
will be the last one.<BR>> > > There are other =
skeletons in=20
the closet. More importantly the<BR>> > > =
impact of=20
the<BR>> > > dropping dollar will be enormous in our =
highly=20
leveraged financial<BR>> > > system.<BR>> >=20
><BR>> > > From ECON 101<BR>> > > Until =
now we=20
were managing to balance our foreign deficits by=20
inflow<BR>><BR>> > > of cash from other countries =
into our=20
markets. The falling dollar<BR>> > > is an=20
indication<BR>> > > that money is moving OUT of the=20
country. Watch out for the ripple<BR>> > >=20
effects.<BR>> > ><BR>> > > Unless ofcourse =
we attack=20
Iraq immediately and thereby create "a<BR>> > > =
demand"=20
for<BR>> > > the the safety of the American =
dollar. =20
;) I guess I am cynical.<BR>> > > =
Today<BR>>=20
> > the market lost me as an investor for a very long=20
time. I quit.<BR>> > ><BR>> > > =
- -----Original=20
Message-----<BR>> > > From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>>=20
> > [mailto:owner-canslim@lists.xmission.com]On Behalf =
Of=20
Winston Little<BR>> > > Sent: Wednesday, June 26, =
2002 8:34=20
AM<BR>> > > To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>>=20
> > Subject: Re: [CANSLIM] WCOM restatement<BR>> > =
><BR>> > ><BR>> > ><BR>> > > The =
mantra=20
of the clowns:<BR>> > > "I want it ALL"<BR>> > =
>=20
"Give it to me NOW"<BR>> > > "It is MINE, I deserve=20
it"<BR>> > ><BR>> > > ----- Original Message =
-----<BR>> > > From: "Kent Norman" <<A=20
=
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</A>><BR>&g=
t;=20
> > To: <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>>=20
> > Sent: Wednesday, June 26, 2002 8:12 AM<BR>> > =
>=20
Subject: RE: [CANSLIM] WCOM restatement<BR>> > =
><BR>> >=20
><BR>> > > > The answer is:<BR>> > >=20
><BR>> > > > The same childish, short-sighted,=20
immediate satisfaction that<BR>> > > blinds<BR>> =
> >=20
> them to the possibility that there is a tomorrow... They =
run=20
the<BR>> > > > business like they live their life. =
All=20
today and no tomorrow.<BR>> > > ><BR>> > =
> >=20
Kent Norman<BR>> > > ><BR>> > > > ---=20
"Cefaloni, John L Jr. [AMSTA-AR-WEA]"<BR>> > > <<A =
=
href=3D"mailto:john.cefaloni@us.army.mil">john.cefaloni@us.army.mil</A>&g=
t;<BR>>=20
> > > wrote:<BR>> > > > > Well said,=20
Tom. What is it that makes people do things for<BR>> =
>=20
> temporary<BR>> > > > > gain<BR>> > =
> >=20
> when they know they'll probably get slammed for it in =
the<BR>>=20
> > future?<BR>> > > > ><BR>> > =
> >=20
> I guess it's just greed, stupidity and arrogance.<BR>> =
>=20
> > ><BR>> > > > > -----Original=20
Message-----<BR>> > > > > From: Tom Worley=20
[mailto:stkguru@bellsouth.net]<BR>> > > > > =
Sent:=20
Wednesday, June 26, 2002 12:53 AM<BR>> > > > > =
To:=20
CANSLIM<BR>> > > > > Subject: [CANSLIM] WCOM=20
restatement<BR>> > > > ><BR>> > > > =
><BR>> > > > > once again, Andersen strikes =
again,=20
this time by signing off on<BR>> > > > > =
Worldcom=20
hiding over $3 billion in expenses as capital<BR>> > =
> >=20
> expenditures, and<BR>> > > thus<BR>> > =
> >=20
> inflating cash flow. Restatement expected to take away=20
last<BR>> > > five<BR>> > > > > =
quarters=20
of<BR>> > > > > profits and turn them into=20
losses.<BR>> > > > ><BR>> > > > =
> Who=20
gave this sanction to a deviation from GAAP (Generally<BR>> =
>=20
> Accepted<BR>> > > > > Accounting =
Principles)??=20
Andersen, of course. It's clear that<BR>> > > =
Enron<BR>>=20
> > > > was only<BR>> > > > > the =
tip of=20
the iceberg, as if Waste Management, Sunbeam, and a<BR>> =
> >=20
host<BR>> > > > > of other<BR>> > > =
> >=20
companies were not sufficient warning of major problems =
in<BR>>=20
> > corporate<BR>> > > > > policy<BR>> =
>=20
> > > and infrastructure. Sad to see a great name =
like=20
Andersen<BR>> > > prostituted<BR>> > > > =
>=20
to<BR>> > > > > selling its certification =
services for=20
any price, but also<BR>> > > clear that<BR>> > =
>=20
> > it<BR>> > > > > must disappear from =
corporate=20
America. And until every major<BR>> > > =
company<BR>> >=20
> > > audited<BR>> > > > > by Andersen =
undergoes a special review by the SEC on accounting<BR>> =
> >=20
> > practices, I doubt anyone will believe that we have =
finally=20
seen<BR>><BR>> > > > > it all.<BR>> > =
>=20
> ><BR>> > > > > Tom Worley<BR>> > =
>=20
> > <A=20
=
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>>=20
> > > > AIM: TexWorley<BR>> > > > =
><BR>>=20
> > > ><BR>> > > > ><BR>> > =
> >=20
> -<BR>> > > > > -To subscribe/unsubscribe, =
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> ><BR>> > > > =3D=3D=3D=3D=3D<BR>> > =
> >=20
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> >=20
><BR>> > > >=20
__________________________________________________<BR>> =
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> Do You Yahoo!?<BR>> > > > Yahoo! - Official =
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of 2002 FIFA World Cup<BR>> > > > <A=20
=
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> > ><BR>> > > > -<BR>> > > > =
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=3D=3D=3D=3D=3D<BR>> > Dave Cameron<BR>> > <A=20
=
href=3D"mailto:dfcameron@yahoo.com">dfcameron@yahoo.com</A><BR>>=20
><BR>> >=20
__________________________________________________<BR>> =
> Do You=20
Yahoo!?<BR>> > Yahoo! - Official partner of 2002 FIFA =
World=20
Cup<BR>> > <A=20
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