Re: [CANSLIM] Fanus - CTSH

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Fanus - CTSH
Date: Sun, 28 Jul 2002 12:58:25 -0400
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Andy, could I ask why you no longer work there?

Reading your observations made me wonder if this was a prime short just =
waiting to happen, so took another, harder, look at the DGO chart. One =
thing I did notice that I missed before is that Management only owns 5% =
of the issue, but there is a total difference being reported between =
issue and float of 11.27 million shares, so after substracting =
management's 5%, that still leaves over 10 million shares in outsider =
hands, but not a part of the float.

Otherwise, rest of the data looks promising (ROE, debt, cash flow, =
forecasts, etc.). So I took a look at INFY as well, and it also has good =
looking data, but price wise has already crashed. Interesting.

- ----- Original Message -----=20
From: Andy Hilliard=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 28, 2002 7:54 AM
Subject: Re: [CANSLIM] Fanus - CTSH


I worked at CTSH for 2 years (2000-2002) and knowing their model and =
their current situation, initiatives, plans, pipeline, etc...I do not =
see why they have done so well - in relation to the market, inrelation =
to their primary competitors (e.g., INFY). CTSH is the 6th largest =
provider of Indian Tech services (significantly smaller than the largest =
4-5), can't compete on price (which is this game) with the largest =
companies (TaTa, Wipro, Infy, HCL), even though the model of business is =
the same across the board. US consultancies are rushing into building =
their own offshore development center so that means more competition. =
And with regional instability, I personally can't see much of an upside. =
I hope this helps.
  ----- Original Message -----=20
  From: RWElmer@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, July 27, 2002 2:55 PM
  Subject: [CANSLIM] Fanus - CTSH


  Fanus,=20

  I had CTSH on my short list of stocks for a breakout all week, (BLUD =
and CECO were the other two I had) but the Market kept me from acting on =
it. I wish you success with it; I personally think it has merit, =
although it seems a bit overvalued. Had M been better, I might have =
bitten too.=20

  Disclosure: I am not strictly CANSLIM, so I can't speak from that =
perspective.=20

  Best of luck. If Market holds you could have the last laugh.=20

  Regards,=20

  Robert W. Elmer=20
  Coldwell Banker First Shasta=20
  2837 Bechelli Ln.=20
  Redding, CA 96002=20
  RWElmer@aol.com=20
  221-9556 or 1-800-348-7939 ext.156=20
  www.robertelmer.com=20

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Andy, could I ask why you no longer work=20
there?</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Reading your observations made me wonder if this =
was a=20
prime short just waiting to happen, so took another, harder, look at the =
DGO=20
chart. One thing I did notice that I missed before is that Management =
only owns=20
5% of the issue, but there is a total difference being reported between =
issue=20
and float of 11.27 million shares, so after substracting management's =
5%, that=20
still leaves over 10 million shares in outsider hands, but not a part of =
the=20
float.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Otherwise, rest of the data looks promising =
(ROE, debt,=20
cash flow, forecasts, etc.). So I took a look at INFY as well, and it =
also has=20
good looking data, but price wise has already crashed. =
Interesting.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dahilliard@carolina.rr.com =
href=3D"mailto:ahilliard@carolina.rr.com">Andy=20
Hilliard</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Sunday, July 28, 2002 7:54 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Fanus - CTSH</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I worked at CTSH for 2 years =
(2000-2002) and=20
knowing their model and their current situation, initiatives, plans, =
pipeline,=20
etc...I do not see why they have done so well - in relation to the =
market,=20
inrelation to their primary competitors (e.g., INFY). CTSH is the 6th =
largest=20
provider of Indian Tech services (significantly smaller than the largest =
4-5),=20
can't compete on price (which is this game) with the largest companies =
(TaTa,=20
Wipro, Infy, HCL), even though the model of business is the same across =
the=20
board. US consultancies are rushing into building their own offshore =
development=20
center so that means more competition. And with regional instability, I=20
personally can't see much of an upside. I hope this helps.</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DRWElmer@aol.com =
href=3D"mailto:RWElmer@aol.com">RWElmer@aol.com</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, July 27, 2002 =
2:55=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Fanus - =
CTSH</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Fanus, =
<BR><BR>I had=20
  CTSH on my short list of stocks for a breakout all week, (BLUD and =
CECO were=20
  the other two I had) but the Market kept me from acting on it. I wish =
you=20
  success with it; I personally think it has merit, although it seems a =
bit=20
  overvalued. Had M been better, I might have bitten too. =
<BR><BR>Disclosure: I=20
  am not strictly CANSLIM, so I can't speak from that perspective. =
<BR><BR>Best=20
  of luck. If Market holds you could have the last laugh. =
<BR><BR>Regards,=20
  <BR><BR><B>Robert W. Elmer <BR>Coldwell Banker First Shasta <BR>2837 =
Bechelli=20
  Ln. <BR>Redding, CA 96002</B> <BR></FONT><FONT lang=3D0 face=3DArial =
color=3D#0080ff=20
  size=3D2 FAMILY=3D"SANSSERIF"><B>RWElmer@aol.com</FONT><FONT lang=3D0 =
face=3DArial=20
  color=3D#000000 size=3D2 FAMILY=3D"SANSSERIF"></B> <BR></FONT><FONT =
lang=3D0=20
  face=3DArial color=3D#0000ff size=3D2 FAMILY=3D"SANSSERIF"><B>221-9556 =
or=20
  1-800-348-7939 ext.156</FONT><FONT lang=3D0 face=3DArial =
color=3D#000000 size=3D2=20
  FAMILY=3D"SANSSERIF"></B> <BR></FONT><FONT lang=3D0 face=3DArial =
color=3D#800080=20
  size=3D2 FAMILY=3D"SANSSERIF"><B>www.robertelmer.com</B></FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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