Re: [CANSLIM] Re: Retstatement of CANSLIM?


From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Wed, 26 Jun 2002 18:18:44 -0400

Previous Article (by Author): Re: [CANSLIM] Technical Anaylsis Book? "Marty"
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Warren:
Mrs. Evelyn Davis has PROVEN that positive action can produce dramatic
results.
For years she has owned ONE share of each of several large companies.

That ONE share gave her the RIGHT to attend every annual meeting, and she
did.
It also gave her the RIGHT to raise questions at the meetings.
She gave several of the top 500 CEO a dressing down in public over strategy
etc, which left several of them speechless.
Afterwards she wrote a book every year and published the accounts and their
responses or stutterings. Annual sales of these books is reported to have
exceeded $1 million. None of these clowns have wanted to be mentioned in a
negative light in her writings.

She became so feared that in 1984 Donald Peterson, then CEO of Ford, flew
down to Washington to personally deliver the keys to the first Tempo
equipped with an air bag to her. This was in response to her action at the
prior annual meeting.

Do you vote in presidential elections? You have only ONE vote. Does it ever
matter? (perhaps after the last election, this was not a good question).


- ----- Original Message -----
From: "Warren Keuffel" <wkeuffel@xmission.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, June 26, 2002 5:50 PM
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?


> I am of the opinion -- and I would dearly loved to be proved wrong --
> that how we, as individual investors vote doesn't amount to much more
> than a spit in the ocean. The real power comes from the institutions,
> such as the Calif. pension funds, etc. that are just now starting to
> exercise that power. Some of these institutions are pushing for better
> corporate governance, reasonable CEO pay, etc.and an end to the
> interlocking directorships of cronies.
> also, have you ever noticed how many non-business people get on boards?
> People who run non-profits, arts organizations, etc. Hello? What
> expertise do people like Jesse Jackson (extreme example) have to offer
> to a corporation?
>
> Warren
>
> Winston Little wrote:
>
> >Fanus:
> >
> >The points you make are very true.
> >
> >I also believe that a big part of t he blame for WCOM, ENE, GX, KM and
other
> >similar are the fault of shareholders.
> >
> >Not many people vote to appoint Board of Directors (BOD) or attend and
> >PARTICIPATE in annual meetings.
> >
> >There are just a few hundred CEO (conceited, exclusive, overpaid )  whose
> >names recurrently appear on the BOD as you go from company to company.
These
> >members slap each other on the back, are more interested in each others
golf
> >handicap than corporate matters, and vote for excessive pay and greed, so
> >that they too will receive excessive rewards.
> >
> >Look at what happened to Walter Hewlett when he challenged those clowns.
Did
> >the share holders come to his defense? No, they went with the slimeballs.
> >
> >When shareholders vote for independent and outside BOD, they have a right
to
> >expect vigilance and honesty. When we do not and allow the BOD to be
> >populated by hacks in a circle, we can only expect to be jerked.
> >
> >
> >----- Original Message -----
> >From: "Fanus" <fanus13@yahoo.com>
> >To: <canslim@lists.xmission.com>
> >Sent: Wednesday, June 26, 2002 4:54 PM
> >Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
> >
> >
> >>So, you are saying throw away the fundamentals and
> >>trade only on the technicals?
> >>
> >>There are probably close to 10000 public traded
> >>companies and just because a handful of companies
> >>committed fraud and use creative accounting, does that
> >>mean the other 99% are also just as bad?   This is
> >>like saying because a small fraction of the population
> >>is in prison, this mean all people are criminals.
> >>
> >>- Fanus
> >>
> >>--- Spencer48@aol.com wrote:
> >>
> >>>Group:
> >>>
> >>>     I'm surprised noone has mentioned this yet:
> >>>But CANSLIM (in particular
> >>>the 1st 2 letters) is based on fundamentally
> >>>analyzing and accepting that
> >>>quarterly and annual earnings will be approximately
> >>>25%.
> >>>
> >>>     However, with the accounting scandals going on,
> >>>and big companies like
> >>>Enron, WorldCom etc., being involved, will CANSLIM
> >>>erode in NSLIM?
> >>>
> >>>jans
> >>>
> >>>-
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> >>>
> >>email.
> >>
> >>
> >>__________________________________________________
> >>Do You Yahoo!?
> >>Yahoo! - Official partner of 2002 FIFA World Cup
> >>http://fifaworldcup.yahoo.com
> >>
> >>-
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> >>
> >
> >
> >-
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> >
> >
> >
>
>
>
> -
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