[CANSLIM] Mandatory CEO/CFO certifications deadline

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Mandatory CEO/CFO certifications deadline
Date: Thu, 15 Aug 2002 00:12:02 -0400

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The SEC website at http://www.sec.gov/rules/extra/ceocfo.htm makes for
interesting reading tonight, for what is not there.  While there are about
200 companies whose fiscal year means they did not have to report by this
evening, the website still shows (updated at 10 PM) a lot of big names that
were expected to report by now, and haven't.  I am not even thru the "A"s
yet, and already see Abbot Labs and AOL, among others.

A lot of energy companies still haven't reported, probably the next industry
sector to get racked by scandals, restatements, etc. (like it hasn't
already, but could get worse).

Bank of NY leads off the "B"s, followed by Bristol Myers. Caterpillar (in
the DOW 30) and Chas Schwab headline the "C"s, along with Coca Cola (also in
the DOW). General Dynamics pops up in the "G"s, and has good company with GM
(3rd one I saw in the DOW 30, 10% ain't good) and I don't know if I have the
stomach to keep reading. Knew I should have stopped, IBM pops up in the "I"s
(4 for the DOW), followed by Kellogg, and Metlife. TRW and UPS finally round
out the list.

I just hope a lot of these "blue chip", reputable companies just filed too
late to have it show on the site, but a 10 PM update seems late enough to
pick up anyone filing by the 5:30 deadline. Any hope the SEC got their
deadlines wrong? Maybe they "just forgot"?? If the non-filers are punished
tomorrow for not filing, it looks to be pretty bloody. Anyone trying to
understand an otherwise inexplicable drop tomorrow in a particular stock may
want to check on the filing status. I found that right clicking on the list
allowed me to export it to Excel, where I could sort on the deadline and
next columns, and find the non filers quite easily for review.

In all, 238 companies (including, of course the "no surprise" no shows like
Enron and Conseco and Worldcom and Qwest and US Airways) that were expected
to file by today still do not show on the SEC list.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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