Re: [CANSLIM] Boomer Babies

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Boomer Babies
Date: Thu, 11 Jul 2002 08:41:47 -0400

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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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