RE: [CANSLIM] Using SMR

From: "Scott Gettis" <sgettis@ucla.edu>
Subject: RE: [CANSLIM] Using SMR
Date: Mon, 15 Jul 2002 07:51:38 -0700

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I use SMR as part of my screening; however, I do not buy simply because one
stock has an A and one stock has a B SMR.  I use it to eliminate the stocks
with the D and E SMR ratings.  I think only once or twice have i seen a
stock the had a D rating meet my sales growth criteria (I think it has PETM
a couple of quarters ago).  So I do you SMR to reduce the amount of stock
charts I have to look at.

- --Scott Gettis

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, July 14, 2002 6:11 PM
To: CANSLIM
Subject: [CANSLIM] Using SMR


One member recently asked if anyone uses SMR in evaluating stocks, and if
not, why not.

I was looking at a chart tonight because of an article in a periodical
mentioning that 60% of their revenues come from protecting water supplies
against terrorist acts. Seemed interesting, so took a look. Noticed SMR is a
"B". However, although EPS is still 77, latest quarterly earnings are down
50%, forecast for full year a decline of 20%, RS down to 28 in a clearly
negative trend, and latest sales were the lowest in five consecutive
quarters.

Simply put, for whatever reason, SMR does not give me an accurate indicator
of either the chart or the fundamentals.

The stock is TTEK, by the way (Tetra Tech).

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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