Re: [CANSLIM] Cheap?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Cheap?
Date: Sat, 13 Jul 2002 11:02:43 -0400

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one advantage I have with small and micro cap stocks is there is very little
analyst coverage. I often must make up my own mind as to projections and
expectations, and I am always conservative with that.

- ----- Original Message -----
From: "Kent Norman" <kent_norman@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, July 13, 2002 10:47 AM
Subject: Re: [CANSLIM] Cheap?


I hope they feel comfortable with the projections. As for me, I don't
trust the analysts projections in light of the recent news and track
record.

Regards
Kent Norman

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> Trailing PE ratios should be ignored by all CANSLIMers. If you want
> to use
> or study PE ratios, use forward (projected, forecasted) PE ratios.
>
> ----- Original Message -----
> From: "Rocky Sanghvi" <rs@mylodestar.com>
> To: <canslim@lists.xmission.com>
> Sent: Friday, July 12, 2002 4:36 PM
> Subject: RE: [CANSLIM] Cheap?
>
>
> S&P 500 Price/Earnings Ratio At 37.31, Down From 37.65
>
> NEW YORK -(Dow Jones)- The price/earnings ratio of the Standard &
> Poor's 500
> index at the close of trading Friday, July 12, was 37.31.
> Thursday, the ratio was 37.65.
>
> The lowest price/earnings ratio on the S&P 500 came in the second
> quarter of
> 1949, when the reading slipped to 5.9. Over the last decade, the low
> was
> 15.77 in the first quarter of 1995.
>
> The price/earnings ratio, known as the multiple, is a measure of the
> average
> stock price divided by the average earnings per share. The earnings
> data is
> based on the trailing four quarters.
>
>
>
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