Re: [CANSLIM] Cheap?

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Cheap?
Date: Tue, 16 Jul 2002 09:31:40 -0700 (PDT)
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Jon

In your opinion then, supply and demand play no role
in the prices of stocks?  Or Tulips for that matter.

- - Fanus


- --- "J. Lobatto" <jlobatto@nyc.rr.com> wrote:
> I suspect some Dutchmen made the same argument
> several hundred years ago at
> the height of the tulip craze.... "only 40% of the
> population owns tulips,
> when 85% wants to. Back in the dark ages, only 10%
> of our fellow Dutchmen
> owned tulips. Clearly 40 if not 85% will be the norm
> from now on, so prices
> have to stay high....." I know, you'll argue that
> tulips had no real value,
> but did anyone else read today that Dr. Koop. com
> which was worth
> $1,000,000,000 at the height of the dot.mania was
> just sold to Vitacost at
> about $150,000(?). Ouch! I doubt even tulip prices
> fell that hard.
> 
> Jon
> ----- Original Message -----
> From: "zillagirl" <zillagirl@email.msn.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, July 16, 2002 11:57 AM
> Subject: Re: [CANSLIM] Cheap?
> 
> 
> > I have a question for minds that are smarter then
> my own.  When we look at
> > price to earnings, don't we have to consider the
> number of people
> investing
> > in the market today over what it was in the past. 
> I've read
> > historically -that in the past- 10 to 15% of
> households were involved in
> the
> > stock market.  Now I've seen figures of 50% or
> more.     If 35% more
> > American households started putting money in the
> same 10,000 or so stocks
> > that existed before-it seems like that would drive
> up the price, even if
> the
> > business was no more profitable or productive then
> before.(supply and
> > demand). Possible even keeping the price up if
> these households kept
> > investing(higher P/E ratios)      Hence maybe it
> would be unrealistic to
> > think that the correct P/E for this point in time
> should be exactly in
> line
> > with the correct P/Es of the past.  Unless of
> course that extra 35% of the
> > people got out of the market again.       Kind of
> like saying-the
> > babyboomers are here and our mind tells us that we
> need many more
> retirement
> > homes- but historically, over the past 75 years, 2
> retirement homes per
> city
> > have been the norm so that is the figure we will
> stick with.   If this
> > theory sounds reasonable-it would certainly take
> some of the fright out of
> > those charts.
> > ----- Original Message -----
> > From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Tuesday, July 16, 2002 5:30 AM
> > 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
> 
=== message truncated ===


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