[CANSLIM] Next ExplodingCompany

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: [CANSLIM] Next ExplodingCompany
Date: Fri, 28 Jun 2002 13:16:51 -0400

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Robert:
I especially agree with your assessment of  TYC.

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.

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.

Audits and examinations of the past two years have shown that there is =
little probability of mis-binning or fraud in the company.

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

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<DIV><FONT size=3D2>Robert:</FONT></DIV>
<DIV><FONT size=3D2>I especially agree with your assessment of&nbsp;=20
TYC.</FONT></DIV>
<DIV><FONT size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT size=3D2>My assessment is :</FONT></DIV>
<DIV><FONT size=3D2>TYC had been engaged in producing items that could =
be counted=20
and touched.</FONT></DIV>
<DIV><FONT size=3D2>They fall into three groups:&nbsp;</FONT></DIV>
<DIV><FONT size=3D2>1) AMP connectors (biggest and best in the industry) =
and p.c.=20
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>&nbsp;</DIV>
<DIV><FONT size=3D2>They went outside of this to buy CIT ( which does =
not produce=20
things that one can touch or count).</FONT></DIV>
<DIV><FONT size=3D2>Price paid for CIT&nbsp;is believed to be=20
exorbitant.</FONT></DIV>
<DIV><FONT size=3D2>Next week they plan&nbsp; 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>&nbsp;</DIV>
<DIV><FONT size=3D2>Audits and examinations of the past two years have =
shown that=20
there is little probability of mis-binning or fraud in the =
company.</FONT></DIV>
<DIV><FONT size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT size=3D2>The prior CEO had some&nbsp;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 the=20
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 &nbsp;CEO items appear to be&nbsp;under&nbsp;$50 =
million=20
(could even be zero).</FONT></DIV>
<DIV><FONT size=3D2>&nbsp;</FONT>&nbsp;</DIV></BODY></HTML>

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