Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] who is next to go
Date: Fri, 28 Jun 2002 18:36:07 -0400
Previous Article (by Subject): RE: [CANSLIM] Now Xerox? "Hill, Ernie"
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Consider the following two points on this subject: 1. When one hears the pronouncement of a person on TV consider the source and MOTIVATION of the speaker. SELL can mean MY COMPANY wants to buy, so panic the little people to sell and help create a supply and hold the price low. BUY can mean MY COMPANY wants to sell this pig, so we need to create a demand and by putting lipstick on it, the demand and price of it will rise, while I deliver it to you. 2. Of the 12 companies selected for inclusion in the DJIA on 26 May 1896, only ONE (General Electric) is still included in the averages, and it did not do so by using EBITDA or other flim flam methods for reporting earnings. In the last three or four years it has swapped position of being #1 or #2 largest for market capitalization with MSFT (another one which strangely enough does not use EBITDA. For some brief weeks in 2000, there were a few companies which did not produce products which can be touched or counted that displaced it from the #1 or #2 position, but at that time "earnings had become an obsolete concept. Profits were not important, only sales!" - ----- Original Message ----- From: "phil bolte" <pjbolte@yahoo.com> To: <canslim@lists.xmission.com>; <zillagirl@email.msn.com> Sent: Friday, June 28, 2002 4:43 PM Subject: Re: [CANSLIM] who is next to go > Zilla, > > GE's former CEO, Jack Welch, did not "leave". His > transition was planned for years, culminating in the > "short list" of two possible successors, and finally > one was selected after years(!) of careful > examination. Even after the new CEO was selected, > Welch stayed for 1-2 years full time for the > transition. Even now he is consulting for them. > Welch has been considered the best CEO of any American > company for many, many years, his business models have > served as the basis for many Harvard Business School > courses, and he has written more than one best seller > books. > > Re: accounting concerns at GE, the main complaint was > lack of detail in some disclosures. As soon as this > GE heard of this, they quickly worked to provide more > detail. I heard last week that GE now produces so > much detail in their disclusures that it is something > like a 2-foot high stack of paperwork every quarter. > My only concern is that the executives become so > burdened with all this disclosure that they have no > time for running the business. > > --- zillagirl <zillagirl@email.msn.com> wrote: > > I heard a lady on cnbc about a week ago and she does > > research for institutions only- she said she is > > telling her clients to get out of dynegy, tyco, and > > quest for various underlying problems that could > > appear and may cause them to blow up. I also wonder > > myself about GE. Its down about 2/3 in a year, The > > CEO left recently, and Ive read articles saying that > > there accounting is so complicated that even they > > dont know what it says. It seems that in this down > > market people would be running to a gorilla like > > that but they are jumping out??? Do they know > > something we done-any thoughts for me to digest. > > thanks zillagirl > > > > > __________________________________________________ > 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.
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