Go to Jeff Salisbury LWGate Home Page.From: "Kelly Short" <kelly.short@neoris.com>
Subject: RE: [CANSLIM] Next ExplodingCompany
Date: Fri, 28 Jun 2002 13:00:12 -0500
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This is a multi-part message in MIME format. - ------_=_NextPart_001_01C21ECD.A65C6068 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I created a spreadsheet of all the clients that have dumped Andersen as = their auditor post-Enron if anyone is interested: http://www.kellyrshort.com/canslim/andersendefections.xls (145k) Don't = ask what happened to the "New Auditor" column- I don't know. Blame it on = Bill Gates. - -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Friday, June 28, 2002 12:17 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Next ExplodingCompany=20 Robert: I especially agree with your assessment of TYC. =20 My assessment is : TYC had been engaged in producing items that could be counted and = touched. They fall into three groups:=20 1) AMP connectors (biggest and best in the industry) and p.c. boards 2) Medical products - bandages, crutches and respiratory items 3) Fire and burglar alarms. =20 They went outside of this to buy CIT ( which does not produce things = that one can touch or count). Price paid for CIT is believed to be exorbitant. Next week they plan to spin-off CIT, thus leaving the things that can = be touched and counted, and manageable debt. =20 Audits and examinations of the past two years have shown that there is = little probability of mis-binning or fraud in the company. =20 The prior CEO had some personal difficulties in his lifestyle, but even = if he used company funds for some of the items, the total involved is = NOT SIGNIFICANT for TYC survival. However, people have intertwined the personal lifestyle of the former = CEO and that of the company. TYC sales are $35 Billion/year, profits are $2 Billion/year and the = potential CEO items appear to be under $50 million (could even be = zero). =20 _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 - ------_=_NextPart_001_01C21ECD.A65C6068 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=3D"Content-Type" CONTENT=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4916.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><SPAN class=3D758175717-28062002><FONT face=3DArial color=3D#0000ff = size=3D2>I=20 created a spreadsheet of all the clients that have dumped Andersen as = their=20 auditor post-Enron if anyone is interested:</FONT></SPAN></DIV> <DIV><SPAN class=3D758175717-28062002><FONT face=3DArial color=3D#0000ff = size=3D2><A=20 href=3D"http://www.kellyrshort.com/canslim/andersendefections.xls">http:/= /www.kellyrshort.com/canslim/andersendefections.xls</A> (145k)=20 Don't ask what happened to the "New Auditor" column- I don't know. Blame = it on=20 Bill Gates.</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> Winston Little=20 [mailto:wlittle1@peoplepc.com]<BR><B>Sent:</B> Friday, June 28, 2002 = 12:17=20 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> = [CANSLIM] Next=20 ExplodingCompany <BR><BR></FONT></DIV> <DIV><FONT size=3D2>Robert:</FONT></DIV> <DIV><FONT size=3D2>I especially agree with your assessment of =20 TYC.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>My assessment is :</FONT></DIV> <DIV><FONT size=3D2>TYC had been engaged in producing items that could = be=20 counted and touched.</FONT></DIV> <DIV><FONT size=3D2>They fall into three groups: </FONT></DIV> <DIV><FONT size=3D2>1) AMP connectors (biggest and best in the = industry) and=20 p.c. boards</FONT></DIV> <DIV><FONT size=3D2>2) Medical products - bandages, crutches and = respiratory=20 items</FONT></DIV> <DIV><FONT size=3D2>3) Fire and burglar alarms.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>They went outside of this to buy CIT ( which does = not=20 produce things that one can touch or count).</FONT></DIV> <DIV><FONT size=3D2>Price paid for CIT is believed to be=20 exorbitant.</FONT></DIV> <DIV><FONT size=3D2>Next week they plan to spin-off CIT, thus = leaving the=20 things that can be touched and counted, and manageable = debt.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>Audits and examinations of the past two years have = shown=20 that there is little probability of mis-binning or fraud in the=20 company.</FONT></DIV> <DIV><FONT size=3D2></FONT> </DIV> <DIV><FONT size=3D2>The prior CEO had some personal difficulties = in his=20 lifestyle, but even if he used company funds for some of the items, = the total=20 involved is NOT SIGNIFICANT for TYC survival.</FONT></DIV> <DIV><FONT size=3D2>However, people have intertwined the personal = lifestyle of=20 the former CEO and that of the company.</FONT></DIV> <DIV><FONT size=3D2>TYC sales are $35 Billion/year, profits are $2 = Billion/year=20 and the potential CEO items appear to be under $50 = million=20 (could even be zero).</FONT></DIV> <DIV><FONT size=3D2> </FONT> </DIV> <HR> For your protection, this e-mail message has been scanned for viruses. = <P>Visit us at <A = href=3D"http://www.neoris.com/">http://www.neoris.com/</A>=20 <HR> <P></P></BLOCKQUOTE></BODY></HTML> - ------_=_NextPart_001_01C21ECD.A65C6068-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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