Re: [CANSLIM] Boomer Babies

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Boomer Babies
Date: Thu, 11 Jul 2002 09:01:43 -0400
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Tom:

You have stated some of my concerns with the health/pharma group.

The majority of these companies and the people running them are well meaning
and not as crooked as portrayed in the media. There are of course a few
people who are at the other polar extreme who did engage in fraud.

There are many alternatives for reporting and binning costs/expenses and
revenues.
As the magnifying glass is brought out, each and every potential appearance
of discrepancy is being termed as MASS FRAUD.

What may be good side to all this is that many people have very short term
memories, and in four months (after the election) will not even remember the
name of the former CEO of  WCOM.

- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, July 11, 2002 8:41 AM
Subject: Re: [CANSLIM] Boomer Babies


> Duke, be careful with the healthcare / pharmaceuticals group for at least
> the short term. With first Merck, and now today Bristol Myers being caught
/
> accused of inflating revenues, and having their little visit with the SEC,
> bad news headlines could keep these groups underperforming for some time.
> Unlike some of the "rapid growth tech stocks" like Worldcom, these
companies
> are among the bluest of blue chips. The damage to their credibility could
be
> long standing and hard to overcome.
>
> ----- Original Message -----
> From: "Duke Miller" <dukemill@tampabay.rr.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, July 11, 2002 8:24 AM
> Subject: [CANSLIM] Boomer Babies
>
>
> WON would tell you you're correct about the market telling us (hopefully
> before "the middle of the next bull market") the identity of the next
> leading groups.
>
> As some of you know, because I've leaned this way more than once on this
> list, I'm mining for companies that can turn big profits from the wave
> of boomers heading for retirement.  I call these my Boomer Babies.  For
> instance, right now, you're seeing boomers drive the high-end housing
> markets, and don't forget the impact of their off-spring in this search,
> i.e., HOTT, et al.
>
> A recent Smart Money column listed some Boomer Babies; a list of "...the
> best names in each of the major health-care industries: pharmacy,
> devices, biotech, hospitals, drug distributors, and health-care
> conglomerates."  They listed AMGN, BAX, CAH, JNJ, NVS, PFE, THC. The
> article did not mention boomers, but my assumption is healthcare is very
> much boomer driven and that will only increase as they age. Granted,
> these are not exactly "N" stocks, but very soon they could meet the
> criteria for CAN SLIM.  I quote again from the article: "Two years ago,
> health-care stocks were pricey, but now much of the sector is at that
> sweet spot where fundamentals are turning up just as stock prices are
> bottoming out." (This was written June 24, well before the "bottom"
> we're at now!)
>
> I guess the problem, as it relates to CAN SLIM, is boomer babies more
> likely will be spread across numerous industry groups, and as we say in
> today's Corner, next to markets, the groups rule.  Most of the time,
> anyway.
>
> So, that's the mine I'm panning for gold in at this time whilst perched
> atop my stash of cash.  If you have any suggestions, I'll be gladly be
> the repository for Boomer Babies and keep a list going.  (During the
> coming week I will be sorting through six months of IBD's, scouring New
> America and other areas for some gems to add to my list.)
>
> Duke
>
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl
> Sent: Wednesday, July 10, 2002 11:48 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] sweet chart
>
>
> I see a few charts holding up (adult education type stuff like COCO) and
> a few
> retailers, but these don't seem like industries that produce market
> leaders (I guess a
> few retailers in the past have been leaders, like WMT and HD), so I'm
> still not able
> to figure out which industries might produce the next batch of leading
> stocks.  We
> really had a technology explosion in the nineties, a number of tech
> sectors grew like
> crazy, but now bunches of them (DELL, MSFT, INTC, etc) seem like mature
> companies that are too large to produce rapid growth, and their
> respective
> businesses aren't growing as quickly anymore either.  I suppose sooner
> or later
> some new industries will emerge, it will become clear in about the
> middle of the
> next bull market.
>
>
>
> On 10 Jul 2002 at 21:31, Tom Worley wrote:
>
> > On the other hand, this is an excellent time to be honing our chart
> > reading skills, and looking for the ones that are holding up. Chances
> > are that the future leaders, whether they emerge this month, year,
> > decade (century??) will come from that group.
>
>
>
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