Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] Identifying NEW leaders
Date: Wed, 7 Aug 2002 16:45:34 -0400
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CBI was offered for comment.
My viiews are:
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had a =
loss of (-$0.13).
The last four quarters were all positive and strong ($1.91), but I could =
not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 and =
Q2 of 2002, again making me uneasy.
Looking at the price-volume chart, I see relatively light trading (I =
prefer at least 80,000 to 100,000 shares/day).
Some increase occurs at about 02 July, but on an irregular basis.
Price had been falling from 14 May until 23 July, then turned up.
Last three days were down.
Next I looked at a three year and a five year chart.
Extrapolation on both of these imply that the next move is down.
In summary:
C=3D quarterly eps growing but irregular
A=3D growing in last two years (this smoothes out the irregular =
quarters)
N=3D Moved from bridge building to newer storage tanks including use for =
cryogenic and microelectronics
S =3D ???? 21 million shares outstanding (47,000 traded/day). Market =
Cap =3D $549 million.
L =3D Is #2 in group #63
I =3D appears a little weak ( but they have been sneaking in since 02 =
July)
M=3D Quick rotating market
I need to see a little more action up or down before I would commit or =
avoid this one, but it is certainly a good candidate to watch.
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 07, 2002 3:38 PM
Subject: Re: [CANSLIM] Identifying NEW leaders
In light of the fact that these are extraordinary times, I'll throw =
one out with a terribly ugly chart, but very solid current and forward =
CANSLIM fundamentals ... (and besides, I love their name - the Engineer =
in me has always wanted to buy stocks like this): CBI-NYSE, Chicago =
Bridge and Iron
I am particularly intrigued by the combination of a strong grwing =
backlog, relatively low historical valuation and a sustained recent =
increase in ADV. However, the chart is awful. Any opinions on this one?
Ian
BTW - I qualify these as 'extraordinary times' because I've had no =
trouble finding strong groups/sectors/stocks at any point in the last =
few years, until this past June. It amazes me that everything can be =
weak simultaneously.
----- Original Message -----=20
From: Vanchee1@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 07, 2002 11:38 AM
Subject: Re: [CANSLIM] Identifying NEW leaders
Here is one similar to CHTT, what do you think.
DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out =
8.6, float 4.7
CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out =
9.5, float 8.1
CHTT does have double the margin but much more dept. comments
Chris
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<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>CBI was offered for comment.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>My viiews are:</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Earnings cause some concern.</FONT></DIV>
<DIV><FONT size=3D2>Q4 of 2000 had a substantial loss of (-$4.18) =
and Q2 of=20
2001 also had a loss of (-$0.13).</FONT></DIV>
<DIV><FONT size=3D2>The last four quarters were all positive and strong =
($1.91),=20
but I could not find a pattern in the flow of earnings.</FONT></DIV>
<DIV><FONT size=3D2>Revenues grew in all four quarters of 2000 and 2001, =
then fell=20
in Q1 and Q2 of 2002, again making me uneasy.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Looking at the price-volume chart, I see relatively =
light=20
trading (I prefer at least 80,000 to 100,000 =
shares/day).</FONT></DIV>
<DIV><FONT size=3D2>Some increase occurs at about 02 July, but on an =
irregular=20
basis.</FONT></DIV>
<DIV><FONT size=3D2>Price had been falling from 14 May until 23 July, =
then turned=20
up.</FONT></DIV>
<DIV><FONT size=3D2>Last three days were down.</FONT></DIV>
<DIV><FONT size=3D2>Next I looked at a three year and a five year=20
chart.</FONT></DIV>
<DIV><FONT size=3D2>Extrapolation on both of these imply that the next =
move is=20
down.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>In summary:</FONT></DIV>
<DIV><FONT size=3D2>C=3D quarterly eps growing but =
irregular</FONT></DIV>
<DIV><FONT size=3D2>A=3D growing in last two years (this smoothes out =
the irregular=20
quarters)</FONT></DIV>
<DIV><FONT size=3D2>N=3D Moved from bridge building to newer storage =
tanks including=20
use for cryogenic and microelectronics</FONT></DIV>
<DIV><FONT size=3D2>S =3D ???? 21 million shares outstanding =
(47,000=20
traded/day). Market Cap =3D $549 million.</FONT></DIV>
<DIV><FONT size=3D2>L =3D Is #2 in group #63</FONT></DIV>
<DIV><FONT size=3D2>I =3D appears a little weak ( but they have been =
sneaking in=20
since 02 July)</FONT></DIV>
<DIV><FONT size=3D2>M=3D Quick rotating market</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I need to see a little more action up or down =
before I=20
would commit or avoid this one, but it is certainly a good =
candidate to=20
watch.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> =
</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> Wednesday, August 07, =
2002 3:38=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Identifying NEW=20
leaders</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>In light of the fact that these are extraordinary =
times,=20
I'll throw one out with a terribly ugly chart, but very solid current =
and=20
forward CANSLIM fundamentals ... (and besides, I love their name - the =
Engineer in me has always wanted to buy stocks like this): CBI-NYSE, =
Chicago=20
Bridge and Iron</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I am particularly intrigued by the combination of =
a strong=20
grwing backlog, relatively low historical valuation and a sustained =
recent=20
increase in ADV. However, the chart is awful. Any opinions on this=20
one?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>BTW - I qualify these as 'extraordinary times' =
because I've=20
had no trouble finding strong groups/sectors/stocks at any point in =
the last=20
few years, until this past June. It amazes me that everything can be =
weak=20
simultaneously.</FONT></DIV>
<DIV> </DIV>
<DIV> </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=3DVanchee1@aol.com=20
href=3D"mailto:Vanchee1@aol.com">Vanchee1@aol.com</A> </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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, August 07, =
2002 11:38=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Identifying NEW=20
leaders</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3D"Century Gothic"=20
size=3D2 FAMILY=3D"SANSSERIF">Here is one similar to CHTT, what do =
you=20
think.<BR><BR>DLI, Rev last qtr of 93 mil, EPS of .53, =
dept/equity=20
.97, shrs out 8.6, float 4.7<BR><BR>CHTT Rev last qtr of 58 mil, EPS =
of .58,=20
dept/equity 4.03, shrs out 9.5, float 8.1<BR><BR>CHTT does have =
double the=20
margin but much more dept.=20
comments<BR><BR>Chris<BR></BLOCKQUOTE></BLOCKQUOTE></FONT></FONT></BODY><=
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