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Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM?
Date: Thu, 27 Jun 2002 08:26:05 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C21DB4.47C978E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Just have to chime in here...while I have only the greatest respect for = someone like Jimmy Carter, this is *not* what Boards need. They need = hard-hitting board members who know business, and who are not afraid to = tell the CEO and executives that they are full of $&*^ when they pull = outrageous acts or are sleeping on the job. Instead, many boards are = filled with window dressing. I know quite a few folks who sit on boards = and don't do SQUAT, yet they do so to "build their network." What a = crock. Katherine ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, June 27, 2002 8:17 AM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? When Ross Perot was a director of GM, he refused to participate in the "excess and other skuldugery" of the GM HQ12th floor. He even REFUSED the free cars and eating in the executive dining room. = He wrote a series "How I would Reform GM" and the incumbents were so = dismayed that they asked him to leave the company. Their view was that he = wanted to deprive them of their birthright! My point is that even with the infrequent meetings and shows, if one = is alert, one can usually smell the stink in the place. In a later note Tom mentions Jimmy Carter(JEC). Itoo view him (JEC) as = an honorable man, but he is too trusting of people. I wonder if he would = detect the smell in many of the crooked houses around. ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Wednesday, June 26, 2002 10:15 PM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > 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" > >>>-In the email body, write "subscribe canslim" or > >>>-"unsubscribe canslim". Do not use quotes in your > >>> > >>email. > >> > >> > >>__________________________________________________ > >>Do You Yahoo!? > >>Yahoo! - Official partner of 2002 FIFA World Cup > >>http://fifaworldcup.yahoo.com > >> > >>- > >>-To subscribe/unsubscribe, email "majordomo@xmission.com" > >>-In the email body, write "subscribe canslim" or > >>-"unsubscribe canslim". Do 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. > > > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do 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. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_004C_01C21DB4.47C978E0 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 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Just have to chime in here...while I have only the greatest respect = for=20 someone like Jimmy Carter, this is *not* what Boards need. They need=20 hard-hitting board members who know business, and who are not afraid to = tell the=20 CEO and executives that they are full of $&*^ when they pull = outrageous acts=20 or are sleeping on the job. Instead, many boards are filled with window=20 dressing. I know quite a few folks who sit on boards and don't do SQUAT, = yet=20 they do so to "build their network." What a crock.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=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=3Dwlittle1@peoplepc.com = href=3D"mailto:wlittle1@peoplepc.com">Winston=20 Little</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, June 27, 2002 = 8:17=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Re: = Retstatement=20 of CANSLIM?</DIV> <DIV><BR></DIV>When Ross Perot was a director of GM, he refused to = participate=20 in the<BR>"excess and other skuldugery" of the GM HQ12th floor.<BR>He = even=20 REFUSED the free cars and eating in the executive dining room. = He<BR>wrote a=20 series "How I would Reform GM" and the incumbents were so = dismayed<BR>that=20 they asked him to leave the company. Their view was that he wanted=20 to<BR>deprive them of their birthright!<BR><BR>My point is that even = with the=20 infrequent meetings and shows, if one is<BR>alert, one can usually = smell the=20 stink in the place.<BR>In a later note Tom mentions Jimmy Carter(JEC). = Itoo=20 view him (JEC) as an<BR>honorable man, but he is too trusting of = people. I=20 wonder if he would detect<BR>the smell in many of the crooked houses=20 around.<BR><BR>----- Original Message -----<BR>From: "Tom Worley" = <<A=20 = href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</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 10:15 PM<BR>Subject: Re: [CANSLIM] Re: = Retstatement=20 of CANSLIM?<BR><BR><BR>> I have very little doubt in my mind that = large=20 block shareholders such as<BR>> pension funds are more interested = in inside=20 information than in wielding<BR>> their power and influence to = ensure=20 "better corporate governance,<BR>reasonable<BR>> CEO pay, etc.and = an end to=20 the interlocking directorships of cronies." And<BR>> it makes = sense, since=20 their first loyalty is not to the investing public /<BR>> = community, but=20 rather the investors in the pension fund.<BR>><BR>> I would like = to see=20 the SEC mandate that the Board of Directors consist of<BR>> 51% = independent=20 directors in all cases. And for corps over certain market<BR>> = value, say=20 $1 billion, require that independent Directors be over 67% = and<BR>of<BR>>=20 those Directors include at least a minority of successful, but=20 retired,<BR>> businessmen or businesswomen (I nominate Katherine) = that will=20 be willing<BR>to<BR>> speak out publicly if necessary when they are = concerned about what they<BR>see.<BR>><BR>> But recognizing that = Directors meet, at the most, one day a month, it is<BR>> unlikely = they will=20 ever know what is really going on outside the dog and<BR>> pony = show=20 undoubtedly put on for them.<BR>><BR>> ----- Original Message=20 -----<BR>> From: "Warren Keuffel" <<A=20 = href=3D"mailto:wkeuffel@xmission.com">wkeuffel@xmission.com</A>><BR>&g= t; To:=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>=20 Sent: Wednesday, June 26, 2002 5:50 PM<BR>> Subject: Re: [CANSLIM] = Re:=20 Retstatement of CANSLIM?<BR>><BR>><BR>> I am of the opinion = - -- and I=20 would dearly loved to be proved wrong --<BR>> that how we, as = individual=20 investors vote doesn't amount to much more<BR>> than a spit in the = ocean.=20 The real power comes from the institutions,<BR>> such as the Calif. = pension=20 funds, etc. that are just now starting to<BR>> exercise that power. = Some of=20 these institutions are pushing for better<BR>> corporate = governance,=20 reasonable CEO pay, etc.and an end to the<BR>> interlocking = directorships=20 of cronies.<BR>> also, have you ever noticed how many non-business = people=20 get on boards?<BR>> People who run non-profits, arts organizations, = etc.=20 Hello? What<BR>> expertise do people like Jesse Jackson (extreme = example)=20 have to offer<BR>> to a corporation?<BR>><BR>> = Warren<BR>><BR>>=20 Winston Little wrote:<BR>><BR>> >Fanus:<BR>> ><BR>> = >The=20 points you make are very true.<BR>> ><BR>> >I also believe = that a=20 big part of t he blame for WCOM, ENE, GX, KM and<BR>> other<BR>> = >similar are the fault of shareholders.<BR>> ><BR>> = >Not many=20 people vote to appoint Board of Directors (BOD) or attend and<BR>>=20 >PARTICIPATE in annual meetings.<BR>> ><BR>> >There are = just a=20 few hundred CEO (conceited, exclusive, overpaid ) whose<BR>>=20 >names recurrently appear on the BOD as you go from company to=20 company.<BR>> These<BR>> >members slap each other on the = back, are=20 more interested in each others<BR>> golf<BR>> >handicap than=20 corporate matters, and vote for excessive pay and greed, so<BR>> = >that=20 they too will receive excessive rewards.<BR>> ><BR>> >Look = at what=20 happened to Walter Hewlett when he challenged those clowns.<BR>>=20 Did<BR>> >the share holders come to his defense? No, they went = with the=20 slimeballs.<BR>> ><BR>> >When shareholders vote for = independent=20 and outside BOD, they have a right<BR>> to<BR>> >expect = vigilance and=20 honesty. When we do not and allow the BOD to be<BR>> >populated = by hacks=20 in a circle, we can only expect to be jerked.<BR>> ><BR>>=20 ><BR>> >----- Original Message -----<BR>> >From: = "Fanus" <<A=20 href=3D"mailto:fanus13@yahoo.com">fanus13@yahoo.com</A>><BR>> = >To:=20 <<A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= ><BR>>=20 >Sent: Wednesday, June 26, 2002 4:54 PM<BR>> >Subject: Re: = [CANSLIM]=20 Re: Retstatement of CANSLIM?<BR>> ><BR>> ><BR>> = >>So, you=20 are saying throw away the fundamentals and<BR>> >>trade only = on the=20 technicals?<BR>> >><BR>> >>There are probably close = to 10000=20 public traded<BR>> >>companies and just because a handful of=20 companies<BR>> >>committed fraud and use creative accounting, = does=20 that<BR>> >>mean the other 99% are also just as = bad? This=20 is<BR>> >>like saying because a small fraction of the=20 population<BR>> >>is in prison, this mean all people are=20 criminals.<BR>> >><BR>> >>- Fanus<BR>> = >><BR>>=20 >>--- <A href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> = wrote:<BR>> >><BR>> >>>Group:<BR>>=20 >>><BR>> >>> I'm = surprised noone=20 has mentioned this yet:<BR>> >>>But CANSLIM (in = particular<BR>>=20 >>>the 1st 2 letters) is based on fundamentally<BR>>=20 >>>analyzing and accepting that<BR>> >>>quarterly = and=20 annual earnings will be approximately<BR>> >>>25%.<BR>> = >>><BR>> >>> However, = with the=20 accounting scandals going on,<BR>> >>>and big companies=20 like<BR>> >>>Enron, WorldCom etc., being involved, will=20 CANSLIM<BR>> >>>erode in NSLIM?<BR>> = >>><BR>>=20 >>>jans<BR>> >>><BR>> >>>-<BR>>=20 >>>-To subscribe/unsubscribe, email<BR>> >>>"<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;=20 >>>-In the email body, write "subscribe canslim" or<BR>>=20 >>>-"unsubscribe canslim". Do not use quotes in = your<BR>>=20 >>><BR>> >>email.<BR>> >><BR>> = >><BR>>=20 >>__________________________________________________<BR>> = >>Do=20 You Yahoo!?<BR>> >>Yahoo! - Official partner of 2002 FIFA = World=20 Cup<BR>> >>http://fifaworldcup.yahoo.com<BR>> = >><BR>>=20 >>-<BR>> >>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;=20 >>-In the email body, write "subscribe canslim" or<BR>>=20 >>-"unsubscribe canslim". Do not use quotes in your = email.<BR>>=20 >><BR>> ><BR>> ><BR>> >-<BR>> >-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;=20 >-In the email body, write "subscribe canslim" or<BR>> = >-"unsubscribe=20 canslim". Do not use quotes in your email.<BR>> ><BR>>=20 ><BR>> ><BR>><BR>><BR>><BR>> -<BR>> -To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; -In=20 the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20 canslim". Do not use quotes in your=20 email.<BR>><BR>><BR>><BR>> -<BR>> -To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; -In=20 the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20 canslim". Do not use quotes in your = email.<BR>><BR><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_004C_01C21DB4.47C978E0-- - - - -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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