RE: [CANSLIM] Cheap?

From: "Rocky Sanghvi" <rs@mylodestar.com>
Subject: RE: [CANSLIM] Cheap?
Date: Sat, 13 Jul 2002 21:41:06 -0400

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Lois,

This was one of the news items on the nasdaq.com website frontpage.  If you
wish to see it you need to go to nasdaq.com and scan some of the older news
items.
This was was from the Dow Jones News Wire.

Best Wishes
Rocky

PS Tom - I am not sure why we shouldnt look at trailing earnings as a part
of your overall investment outlook.  Yes maybe not CANSLIM (which only looks
at future earnings) but if we are looking at charts and history we may as
well consider historical facts such as what the news item was referring to.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Lois
Sent: Saturday, July 13, 2002 9:54 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Cheap?


Rocky,

Would you be so kind as to post a link for the info below?

TIA,
Lois

Rocky Sanghvi wrote:
>
> 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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