Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Identifying NEW leaders
Date: Thu, 8 Aug 2002 08:01:58 -0400
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Welcome to the group, Jim, and thanks for the contribution. Maybe now =
that you are no longer a lurker, we will hear from you more often. You =
might be surprised at what you know and don't realize it.
- ----- Original Message -----=20
From: Jim Daniels=20
To: canslim@lists.xmission.com=20
Sent: Thursday, August 08, 2002 7:56 AM
Subject: Re: [CANSLIM] Identifying NEW leaders
Good Morning,
I have been a long time lurker to this group and finally found something =
I knew a little about. I work for a company that competes with CBI. =
CBI is the leader in the tank erection field. There recent purchases of =
PDM and Howe Baker has increased their sales and profit margins. Since =
I know how competitive this field is, I probably would never invest in =
CBI. CBI is in a very mature, highly competitive market and I don't =
really see them growing at a very rapid rate.
Since I've been lurking for a while, I wanted to thank some of the =
regulars for their intelligent discussion concerning CANSLIM. I enjoy =
my morning coffe with expert commentary from Katherine, Tom, Duke, and =
many others.
Thanks for your insight.
Jim
----- Original Message -----=20
From: Winston Little=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, August 07, 2002 4:45 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=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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<DIV><FONT face=3DArial>Welcome to the group, Jim, and thanks for the=20
contribution. Maybe now that you are no longer a lurker, we will hear =
from you=20
more often. You might be surprised at what you know and don't realize=20
it.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Djdan@gte.net href=3D"mailto:jdan@gte.net">Jim Daniels</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> Thursday, August 08, 2002 7:56 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Identifying NEW leaders</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Good Morning,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I have been a long time lurker to this =
group and=20
finally found something I knew a little about. I work for a =
company that=20
competes with CBI. CBI is the leader in the tank erection =
field. =20
There recent purchases of PDM and Howe Baker has increased their sales =
and=20
profit margins. Since I know how competitive this field is, I =
probably would never invest in CBI. CBI is in a very mature, =
highly=20
competitive market and I don't really see them growing at a very rapid=20
rate.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Since I've been lurking for a while, I =
wanted to=20
thank some of the regulars for their intelligent discussion concerning=20
CANSLIM. I enjoy my morning coffe with expert commentary from =
Katherine,=20
Tom, Duke, and many others.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thanks for your insight.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Jim</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></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=3Dwlittle1@peoplepc.com =
href=3D"mailto:wlittle1@peoplepc.com">Winston=20
Little</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 4:45=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>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=20
of 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=20
fell 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=20
turned 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=20
irregular quarters)</FONT></DIV>
<DIV><FONT size=3D2>N=3D Moved from bridge building to newer storage =
tanks=20
including 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>=
=20
</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=20
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=20
I've had no trouble finding strong groups/sectors/stocks at any =
point in the=20
last few years, until this past June. It amazes me that everything =
can be=20
weak 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=20
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=20
11:38 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Identifying=20
NEW leaders</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0=20
face=3D"Century Gothic" size=3D2 FAMILY=3D"SANSSERIF">Here is one =
similar to=20
CHTT, what do you think.<BR><BR>DLI, Rev last qtr of 93 mil, =
EPS of=20
.53, dept/equity .97, shrs out 8.6, float 4.7<BR><BR>CHTT Rev last =
qtr of=20
58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float =
8.1<BR><BR>CHTT=20
does have double the margin but much more dept.=20
=
comments<BR><BR>Chris<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></FONT></=
FONT></BODY></HTML>
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