Re: [CANSLIM] Cheap?

From: "zillagirl" <zillagirl@email.msn.com>
Subject: Re: [CANSLIM] Cheap?
Date: Mon, 15 Jul 2002 17:17:33 -0700
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sorry about the spelling-long day.zilla
- ----- Original Message -----
From: "zillagirl" <zillagirl@email.msn.com>
To: <canslim@lists.xmission.com>
Sent: Monday, July 15, 2002 4:50 PM
Subject: Re: [CANSLIM] Cheap?


> I emailed Mr. Tom Petruno at the L.A.Times today and asked him if he could
> clarify the differences in he's figure and the figure on the 2 web sits
> discussed-will let you know what I find out.
> ----- Original Message -----
> From: "Fred Richards" <adrich@gte.net>
> To: <canslim@lists.xmission.com>
> Sent: Monday, July 15, 2002 3:42 PM
> Subject: RE: [CANSLIM] Cheap?
>
>
> > the latest www.decisionpoint.com report on the PE ratio for the S&P 500
> for
> > the week ending 6/12/02 stood at a still whopping 39.60 times!
> >
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Fred Richards
> > Sent: Sunday, July 14, 2002 7:55 PM
> > To: canslim@lists.xmission.com
> > 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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