RE: [CANSLIM] sweet chart

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] sweet chart
Date: Wed, 10 Jul 2002 12:30:25 -0600
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I dont worry about the ability to pay I just look at the debt and the debt
relative to the industry.

But if you do want to see the credit worthiness of a company I suggest going
to the library and looking in Valueline.  Or even better if you live close
to a college or university go to their business library and you can look at
their S&P reports and get on their Bloomberg and/or Reuters terminals to
look up more debt related reports.  Also buy a copy of Security Analysis by
Graham/Dodd.  If you study that book you should be able to judge the debt
and credit worthiness of a company.

But for CANSLIM stocks in a market with M you really shouldnt have to worry
too much about debt and credit worthiness.  Take WCOM,GX, or ENE following
CANSLIM you wouldnt have been in any of these stocks anywhere near the times
that they got annihilated because their charts sucked and their earnings or
even make believe earnings werent very good.

David Taggart
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl
Sent: Wednesday, July 10, 2002 12:25 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] sweet chart


Thanks David-is there a particular site or system you use to debt and the
ability to pay???
- ----- Original Message -----
From: "David Taggart" <dctag@mavericktrading.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 10, 2002 10:59 AM
Subject: RE: [CANSLIM] sweet chart


> CANSLIM does not take debt as a major consideration.  But all else being
> equal the lower the debt the better.  I weight it heavily in my
> consideration.  If you have an industry group that is doing real well and
in
> the top 5 stocks one of them has 60% debt and the other 4 have like 5%
then
> the 60% stock is thrown out of the running.  Of course in some industries
> every company has a lot of debt in which case I try to pick the ones with
> lower than industry average debt.
>
> For shorting I really use debt and in this market that has worked out
well.
> The higher the debt the better and then if it even has high debt relative
to
> its industry it is even better.
>
> David Taggart
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl
> Sent: Wednesday, July 10, 2002 11:50 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] sweet chart
>
>
> looks like the sugar in the juice gave us a little burst of energy.
Thanks.
> Maybe next time an onion bagel too!!  My head is spinning today and I have
> questions,hope you all have answers. I was listening to a women yesterday
> talking about corporate debt.    She listed several companies to be
> concerned with. Xerox-not making enough to pay  interest payments.
> Ford-barely meeting interest payments because of 0% financing(what happens
> when that stops)   Airline industry on the whole-bad business
models,except
> for southwest( depend on business travel) My question is does anyone know
of
> a web site or some other  easy way to research corporate debt( a companies
> debt and its ability to pay). AND  does canslim take corporate debt into
> account in its formula when assigning grades to their stocks, or could a
> company theoretically have good grades in every other area and be drowning
> in debt?
> ----- Original Message -----
> From: "Patrick Wahl" <pjwahl@attbi.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, July 10, 2002 10:03 AM
> Subject: RE: [CANSLIM] sweet chart
>
>
> > Yes, that was very thoughtful, and I never miss my morning orange
juice...
> >
> > On 10 Jul 2002 at 10:16, Kelly Short wrote:
> >
> > > Patrick- I admit I didn't have any comments to add but I DID at least
> offer
> > > orange juice to everyone. Don't I get credit for that?  ;-)
> >
> >
> >
> > -
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> >
>
>
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