Re: [CANSLIM] ENR

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] ENR
Date: Sat, 10 Aug 2002 12:31:33 -0400

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Mike:
A few items of note:
1. The CEO Mulcahy made 18 separate stock purchases in May 2002 for a total
of value of $3 million at about $25/share.
2. ENR was listed at the top of the WHERE THE BIG MONEY FLOWS list in
Monday's paper (12 Aug).
3. ENR is also included in the graphics of the 21 graphic charts of NYSE
STOCKS IN THE NEWS.
4. PE ratio of ENR is very high at 152. While Mr. O'Neil and the books do
not embrace its usefulness, several of the authors of the Investors Corner
have mentioned its value in past articles.
5. Earnings do not show a consistent pattern ($1.22 loss in Q-4 of 2001) and
an irregular pattern of profits before and after that time. Could not detect
any seasonality pattern. They did sell the operations which manufactured
rechargeable units. Do not know if there was a charge or charges associated
with the sale.ENR still continues to sell rechargeable.
6.V-shaped pattern is not encouraging, but it has been rising on recently
robust volumes in the past three weeks.
7. Does it conform to CANSLIM criteria?... I do not believe so.
8. Did a fast inventory of battery powered devices in my house and I was
amazed at the large size total count even though I did not believe that I am
a "remote control"  or "battery back up" fan. These will require replacement
in the future.
 9.My perception is that  I am seeing less advertisements for Duracell than
in the past.  Since I hear more and more  reports of many "people shopping
for price", this may work in favor of ENR since they cost significantly less
than Duracell for similar products.


- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, August 09, 2002 5:04 PM
Subject: [CANSLIM] ENR


> So,
>
> Is this stock going to form a V shaped cup without a handle?  It has been
a
> top mover on IBD quite a bit over the last week and a half.  I am really
> thinking hard about this one, since it seems like M might be turning.....
> The group gets a poor D rating, but other ratings are high.
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
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