Re: [CANSLIM] Boomer Babies

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Boomer Babies
Date: Thu, 11 Jul 2002 08:42:11 -0400
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Duke:

I believe that you are on the right track.

The concern that I have with "health care/pharma" type of companies is these
appear to be under the magnifying glass now, and all the warts and moles are
coming into view. It makes me believe that many of what one may view as the
obvious potential leaders here may end up as a small division of some
unknown company after the mob is through with them. For example, six months
ago, BMY was clearly a leader in drugs. Today all that I hear is how much
they juggled the books and clinical studies and the price drops day by day.

The high end housing still looks good, and TOL is the leader in that group.
The builders of houses is still very fragmented, as the largest builder in
the country only controls 2 to 3% of the total market.  Much consolidation
action is in place as the larger companies buy out several of the smaller
ones.
BBBY will go along with housing cycling.



- ----- 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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