Re: [CANSLIM] Re: Retstatement of CANSLIM?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Wed, 26 Jun 2002 22:15:45 -0400

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I have very little doubt in my mind that large block shareholders such as
pension funds are more interested in inside information than in wielding
their power and influence to ensure "better corporate governance, reasonable
CEO pay, etc.and an end to the interlocking directorships of cronies." And
it makes sense, since their first loyalty is not to the investing public /
community, but rather the investors in the pension fund.

I would like to see the SEC mandate that the Board of Directors consist of
51% independent directors in all cases. And for corps over certain market
value, say $1 billion, require that independent Directors be over 67% and of
those Directors include at least a minority of successful, but retired,
businessmen or businesswomen (I nominate Katherine) that will be willing to
speak out publicly if necessary when they are concerned about what they see.

But recognizing that Directors meet, at the most, one day a month, it is
unlikely they will ever know what is really going on outside the dog and
pony show undoubtedly put on for them.

- ----- 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
>>>
>>>-
>>>-To subscribe/unsubscribe, email
>>>"majordomo@xmission.com"
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>>>
>>email.
>>
>>
>>__________________________________________________
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>>Yahoo! - Official partner of 2002 FIFA World Cup
>>http://fifaworldcup.yahoo.com
>>
>>-
>>-To subscribe/unsubscribe, email "majordomo@xmission.com"
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>>
>
>
>-
>-To subscribe/unsubscribe, email "majordomo@xmission.com"
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>
>
>

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