Go to Jeff Salisbury LWGate Home Page.From: Harvey Brion <hbrion@ieee.org>
Subject: CBI [Was: Re: [CANSLIM] Identifying NEW leaders]
Date: Wed, 07 Aug 2002 14:30:59 -0700
Next Article (by Subject): Re: [CANSLIM] cup w/o handle "Ann"
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Ian, looking at the weekly chart, I don't think this is a good handle. It looks like it starts too far below the left rim of the cup and it descends too rapidly and too far below the start of the handle. The volume drops over the first four weeks of the handle then increases sharply over 4-6 weeks with a volume peak right in the middle of the handle. -Harvey Ian wrote: > Winston. Thank you for the analysis. One thing I would add is that the > forward estimates are strong - $2.30-$2.35 for this year, and backlog > is up 25% from Dec 31. IMHO, the chart that has the most positive > potential is the 2-year weekly chart. It has the potential to show a > strong C&H, where it is currently at the bottom of the H and just > around 15% below the handle high. But it definitely needs to develop > futher, and would have to move through $33 on a good increase in > ADV. I also see the weekly moving averages still trending up. Why do > your long-term charts point down? Thanks again, Ian ----- Original > Message ----- > > From: Winston Little > To: canslim@lists.xmission.com > Sent: Wednesday, August 07, 2002 1:45 PM > Subject: Re: [CANSLIM] Identifying NEW leaders > 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= quarterly eps growing but > irregularA= growing in last two years (this smoothes out the > irregular quarters)N= Moved from bridge building to newer > storage tanks including use for cryogenic and > microelectronicsS = ???? 21 million shares outstanding > (47,000 traded/day). Market Cap = $549 million.L = Is #2 in > group #63I = appears a little weak ( but they have been > sneaking in since 02 July)M= 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 ----- > From: Ian > To: canslim@lists.xmission.com > 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 ----- > From: Vanchee1@aol.com > To: canslim@lists.xmission.com > 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 > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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