Re: [CANSLIM] Cheap?

From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Cheap?
Date: Sun, 14 Jul 2002 19:38:02 -0700
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no,  he did quote many sources in the article, but none for this number.  I
printed it just as it was printed in the paper.
- ----- Original Message -----
From: "Fred Richards" <adrich@gte.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, July 14, 2002 5:54 PM
Subject: RE: [CANSLIM] Cheap?


> 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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