Re: [CANSLIM] Earnings Confidence

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] Earnings Confidence
Date: Mon, 01 Jul 2002 12:56:57 -0700

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Good post, Jans.  I went to my back issues and dug out the Investor's Corner you
refer to.  It's the June 25th issue.  I'm going to follow your lead and get more
familiar with the SEC filings.

In general, I've gotten more conservative, probably like most.  I'm paying more
attention to the P/E than I ever have in the past, preferring <20.  I guess that
makes me a "value" CANSLIM investor.  I'm also weighting the cash flow more than
I have in the past to try to establish a correlation with earnings, i.e., 20%
higher than last year's EPS.  -Harvey

Spencer48@aol.com wrote:

> Katherine:
>
>      In a way the accounting frauds and scandals that have popped up have
> been useful to me-in this way:  I had never relied on SEC info before; all my
> fundamental info had been gleaned from DGO.  However, with earnings and even
> cash-flow now being suspect-I go to the SEC page when analyzing a company's
> stock that I wish to buy, to see what the company is doing and how it is
> doing it. (About a week ago, IBD in Investors Corner printed a column on the
> different types of  statements that companies are required to file with the
> SEC-so I believe that IBD believes this sort of fundamental info is important
> to apprise oneself of when analyzing a stock).
>
>      I suppose I use the "events" in a negative way to strengthen my buying
> strategy, ie. if what I see on SEC seems different than what DGO prints as to
> the company's earnings or even what the chart is saying, I drop that stock
> from my watch-list.
>
>      As far as selling (an exit strategy),  I wouldn't buy a company in the
> first place unless I felt comfortable with it.  So for the exit strategy, I
> generally will rely on WON's dictums regarding when to sell.
>
> jans
>
> In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time,
> kmalm@earthlink.net writes:
>
> << I see the recent discussions of Anderson, WCOM, earnings confidence, etc.
> to be of great importance in CANSLIM investing, less as a matter of "current
> events" than in the sense that it impacts much of the core investing concepts
> in CANSLIM.
>
>  I'm interested in finding out if and how this change in perception of
> earnings measurement will or has had any affect on your CANSLIM mining,
> entry, and/or exit strategies. If it has not yet had an effect, do you
> believe that it should? In other words, how will you modify your approach
> based on these events? How do you use these events to strengthen your
> strategies? >>
>
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