Re: [CANSLIM] Cramer

From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Cramer
Date: Wed, 31 Jul 2002 14:58:40 -0400
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Duke...Thanks for the input Although I had a few reminders from that Group
about listening to WON's  interview.  I missed it  due to personal reasons
and am happy to here some of the detail. I believe "The WON" like "The
Donald" is a first class salesman, and I admire both of them for having the
courage to tell the Government what to do. ---  Donald
- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 31, 2002 2:46 PM
Subject: RE: [CANSLIM] Cramer


> Let me add to that, Jans, and to other takes from our Guru's appearance.
> I taped it, and just reviewed the interview.  Here are some verbatims
> pertinent to comments herein since his appearance:
>
> KUDLOW:
> I read the paper (IBD) every day; one in awhile I contribute to it.  So
> they're very nice to me.  Bill O'Neil, do you feel this is the very
> beginning of the upturn that can be sustained?
>
> WON:
> ...the only thing I'm concerned about is not whether or not it has hit
> bottom yet, but how long does it take us to really recover from this
> because there has been severe damage.  50% of the people own stocks that
> have lost 50-70% of their value.
>
> ...you don't come out of that just like nothing happened.  So where's
> your new leadership going to come from? How long will it take to
> recover? There haven't been very many IPO's.  I don't believe we'll make
> a roaring bull market out of some of the old leaders, although they can
> rally.  It looks like you probably made a bottom today but what we're
> going to have to be concerned about is where your new leadership is
> going to come from.
>
> CRAMER:
> As you know, I read your paper every day.  Now that the NYSE volume
> topped NASDAQ, what's wrong with going back to stocks that pay
> dividends...to find the legs of the new bull market?
>
> WON:
> I would be looking for stocks that have 10-12 quarters in a row of
> earnings up with acceleration in earnings.  Companies that are really
> leaders in their particular field.  Probably more of it is going to be
> in the consumer side because history proves that the leaders of one
> cycle don't necessarily come back and lead in the next cycle.
>
> Cramer asked Siegel (the co-guest with WON) a question about new
> "normal" PE's, but O'Neil answered with:
>
> ...but the market is a sorting mechanism and assigns the PE's that need
> to be for a particular stock.
>
> (He then made an appeal for tax incentives for newcos)...because we have
> no new leaders to lead a bull market.
>
> KUDLOW:
> Can you suggest some new leaders?
>
> I think they'll be in the consumer sector.  I don't thing you're going
> to make a new bull market out of AOL...it's got to be new names that
> were not overplayed so much.
>
> CRAMER:
> We've got Autozone on next...
>
> WON:
> Autozone has excellent earnings and excellent management, but a lot is
> going to depend on the market.  I think you've got to have some new
> blood to help.  You can't make a new bull market out of five or ten
> companies.  I think you need tax incentives from Washington, and I don't
> thing they realize this yet.
>
> My contribution for the day, folks.
>
> Duke
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com
> Sent: Wednesday, July 31, 2002 12:06 PM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Cramer
>
>
> Duke:
>
>       I saw the show also (Kudlow & Kramer), and I understood WON to say
> that the leading industries that are leading us out of this Bear are
> those which are in the consumer sector.
>
>      He specifically cited that techs-and especially the techs that have
> fallen-may rally, but they are not (and will not be the) leaders.
>
>                                  jans
>
> In a message dated Mon, 29 Jul 2002 8:31:50 PM Eastern Standard Time,
> dukemill@tampabay.rr.com writes:
>
> > The only thing I learned from this show tonight is Autozone (I don't
> > have a position yet) is one hell of a company and possibly the "model"
> for tomorrow's winners.  And Bill O'Neil pretty much brushed them off,
> answering a question about Autozone with his "there are no apparent new
> leaders" mantra.
> >
> > For those of you who did not see the show tonight, you missed nothing
> > from Bill.  He just towed the usual CANSLIM Investors Corner line.
> And obviously, no call on whether or not today was an FTD.  That remains
> to be called after (way after?)
> > the fact...as usual.
> >
>
>
>
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