Re: [CANSLIM] ANSI

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ANSI
Date: Sun, 18 Aug 2002 07:40:58 -0400

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Sorry, Hermann, I could have explained better. In 1998, ANSI earned 30
cents. So from 1998 thru last year, earnings declined from 30 cents to 21
cents. That's a 30% decline. Annualized would be less, so I can't explain
the -27%.  You should note that IBD uses a 3 year cycle, while DGO (where
the growth rate shows as +4%) uses 5 years.

- ----- Original Message -----
From: "Hermann Ertl" <hertl@attglobal.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, August 18, 2002 2:14 AM
Subject: Re: [CANSLIM] ANSI

> From: "Tom Worley" <stkguru@bellsouth.net>
> Date: Sat, 17 Aug 2002 10:00:20 -0400
>
> Jack, a good example of how you have to be careful with "calculated" long
> term statistics. In this case, ANSI earned (by DGO's adjusted
calculations)
> a total of 75 cents in 1999, then dropped to 9 cents in 2000 and 21 cents
in
> 2001. So 2001 looks good by comparison, but lousy on a 3 year basis. On
the
> other hand, the forecasts of 51 cents this year and 77 cents next year
> continue the short term trend higher at a rate that well exceeds market
> norms.
>
> ----- Original Message -----
> From: "Jack Tencza" <jtenz@yahoo.com>
> Sent: Saturday, August 17, 2002 9:34 AM
>
>
> IBD vital statistics shows ANSI's 3 yr. EPS at -27%.
> Am I correct in assuming this is a straight line
> calculation? If it was $1.00 3 yrs. ago, today it's
> .73?

Tom, your data do not explain, "3 yr. EPS at -27%."
In order to calculate a three year trend (Jack says, "3 yrs. ago")
one needs data for four years - you supplied only data for three
years.

If you supply data for four years we may can figure out the answer
to Jack's question how the three year trend is calculated, or do
you know?

Maybe the problem lies somewhere else. Maybe quarterly results were
used.

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