Re: [CANSLIM] Cheap?

From: Lois <ldibbs@comcast.net>
Subject: Re: [CANSLIM] Cheap?
Date: Sun, 14 Jul 2002 19:33:22 -0500

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zillagirl,

http://www.spglobal.com/earnings.html

Lois




zillagirl wrote:
> 
> There is quite an extensive article in the L.A. Times today about the
> markets.  In there it states that " the average stock in the S & P 500 is
> priced at about 19 times this years expected earnings per share, by many
> wall street estimates.  That is far above the historical average
> price -to -earnings ratio of about 14." I think I like these numbers a
> little better.  What's up-am I missing something here?
> ----- Original Message -----
> From: "Tom Worley" <stkguru@bellsouth.net>
> To: <canslim@lists.xmission.com>
> Sent: Saturday, July 13, 2002 7:06 PM
> Subject: Re: [CANSLIM] Cheap?
> 
> > I make no investment decisions, or even select stocks for watching, on the
> > basis of their history. The market, and stock prices, moves on
> expectations.
> > Those expectations are based on projected earnings, not what they did last
> > year, or five years ago.
> >
> > ----- Original Message -----
> > From: "Rocky Sanghvi" <rs@mylodestar.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Saturday, July 13, 2002 9:41 PM
> > Subject: RE: [CANSLIM] Cheap?
> >
> >
> > 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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