RE: [CANSLIM] Cheap?

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Cheap?
Date: Tue, 16 Jul 2002 11:34:09 -0400
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VERY interesting, Ernie.  Thanks.

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Hill, Ernie
Sent: Tuesday, July 16, 2002 8:30 AM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] Cheap?


Here is an interesting perspective on PE ratios the S&P and what is or
is not cheap.

http://www.decisionpoint.com/ChartSpotliteFiles/020712sppe.html

E

 -----Original Message-----
From: 	inderjit [mailto:inderjit@adelphia.net] 
Sent:	Monday, July 15, 2002 10:36 PM
To:	canslim@lists.xmission.com
Subject:	RE: [CANSLIM] Cheap?

You can easily ;-) find out what a stock is worth by visiting
http://www.valuepro.net/index.shtml. AOL is worth zero, NVR 1800+ etc.

Regards and have a profitable Tuesday.



- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of zillagirl
Sent: Monday, July 15, 2002 7:51 PM
To: canslim@lists.xmission.com
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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