RE: [CANSLIM] Cheap?

From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Cheap?
Date: Sun, 14 Jul 2002 19:54:55 -0500
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As an neophyte investor,  what you are missing is an doubting mind.

It is the credibility of the estimates that the author is using.

Does the article state what firm and/or analyst made the estimates and on
what basis they were made and/or the time frame?

Based upon the most reliable information I have using information prior to
the revamping of the list effective July 19, I believe, the S&P 500 is still
selling way over 19 times forward 12 month earnings.



- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of zillagirl
Sent: Sunday, July 14, 2002 7:25 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Cheap?


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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