Re: [CANSLIM] Ask Bill--Does anybody really ask these questions?


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these questions?
Date: Mon, 26 Aug 2002 13:25:26 -0500

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Hi Norm,

I double checked on this before responding, but the Group RS ratings =
displayed on the DGO charts are updated daily just after close. The =
report which allows export of these values is available in one of the =
reports updated on Saturday. (DailyGraphs Printed Product Company =
Index).

Katherine

Here is DGO's response to my inquiry:
- ----- Original Message -----=20
From: Custserv@dailygraphs.com=20
To: kmalm@earthlink.net=20
Sent: Monday, August 26, 2002 1:15 PM
Subject: Re: Group RS Ratings [T20020826007X]


Hi Katherine,

David has stepped out of the office so please allow me to assist you.  =
The Group RS numerical rating on the Weekly chart updates every day =
between 3:00 and 3:30 PM PST.  We actually update our SmartSelect data =
items (RS, EPS, Acc/Dis, SMR, GroupRS) each day just a couple of hours =
after the close.  All of our other data items update later in the =
evening.

Please feel free to email us if you have any other questions or =
comments.

Best regards,

John

Daily Graphs Online

- ----- Original Message -----=20
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Monday, August 26, 2002 6:41 AM
Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?


| There is a similar phenomenon that happens with the Industry Group =
ranks.
| The ranking that is printed in the Wednesday-Monday papers has in the =
past
| contained errors because they run this through very quickly, =
immediately
| after M close, trying to meet the printing deadline.  The Tuesday =
issue is
| the only one that doesn't have the short deadline and so has the only
| "double-checked" accurate group rankings.  If you want accurate group
| rankings use the Tuesday issue.  I have no idea if this is reflected =
in DGO.
|=20
| Norm
|=20
| ----- Original Message -----
| From: "Tom Worley" <stkguru@bellsouth.net>
| To: <canslim@lists.xmission.com>
| Sent: Sunday, August 25, 2002 6:35 AM
| Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
|=20
|=20
| > John, I don't subscribe to IBD or use their site, so no first hand
| > experience. But from other similar discrepancies members have found, =
have
| > you tried looking at the day before or after to see if they would =
match
| for
| > a different day? The rush to get the paper into print may mean the =
net
| site
| > is updated with later data.
| >
| > ----- Original Message -----
| > From: "John Calkins" <jcalkins@olypen.com>
| > To: <canslim@lists.xmission.com>
| > Sent: Sunday, August 25, 2002 2:24 AM
| > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
| >
| > You people are awesome!
| >
| > You really are on track with what's happening with IBD, CANSLIM and =
the
| > Market!
| >
| > Two weeks ago I "Asked Bill" but got no answer to:  Why doesn't the =
"Where
| > The Big Money's Flowing Now" on Investors.com match "Where The Big =
Money's
| > Flowing" from IBD.  I realize that they only show the top seven up =
and
| down
| > but there has been several occasions that I've looked at the =
Investors.com
| > list and there were some symbols omitted or added that didn't show =
in IBD
| or
| > visa-versa. So which one is right?  I read that they use the same =
screen.
| >
| > You know, I'll bet ya I'll get some kind of an answer from this =
group!
| And
| > this is why we all like this group so much.
| >
| > (JC)
| >
| > I really don't care if its a right answer, at least I feel like I'm =
not
| > loosing it.
| >
| > ----- Original Message -----
| > From: "Tom Worley" <stkguru@bellsouth.net>
| > To: <canslim@lists.xmission.com>
| > Sent: Saturday, August 24, 2002 9:00 PM
| > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
| >
| > > Bill, just don't hold your breath waiting for an answer!!
| > >
| > > ----- Original Message -----
| > > From: "Bill Triffet" <btriffet@earthlink.net>
| > > To: <canslim@lists.xmission.com>
| > > Sent: Sunday, August 25, 2002 12:23 AM
| > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| > >
| > >
| > > Well... this is the one I just sent  "Ask Bill"
| > >
| > > "Hey Bill, why don't you or your associates speak up during our
| > discussions
| > > at canslim@lists.xmission.com ? We'd sure like to get some input =
from
| you
| > > directly as you seem to only post OUR discussion topics in YOUR =
paper".
| > >
| > > One problem I could see with the very distant scenario of =
participating
| > with
| > > this group is they would be FLOODED with questions as they're =
considered
| > by
| > > most here to be experts in canslim.
| > >
| > > Maybe IBD will try to buy this list to offer it as a $$$ service =
to
| > > subscribers? (ggg)
| > >
| > > Hope we get grandfathered in...(g)
| > >
| > > -Bill
| > >
| > >
| > >
| > > ----- Original Message -----
| > > From: "Tom Worley" <stkguru@bellsouth.net>
| > > To: <canslim@lists.xmission.com>
| > > Sent: Saturday, August 24, 2002 7:41 PM
| > > Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these
| questions?
| > >
| > >
| > > maybe while we weren't looking, we became the last CANSLIMers out =
there.
| > So
| > > they have to glean from our discussions just to have someone left =
to
| "Ask
| > > Bill". Then again, maybe they just want to tackle the soft =
questions.
| > >
| > > Maybe what we should do is every member flood IBD with "Ask Bill"
| > questions,
| > > and see if any get published from real people we actually know, =
instead
| of
| > > an unnamed person from Texarkana or wherever.
| > >
| > > ----- Original Message -----
| > > From: Katherine Malm
| > > To: canslim@lists.xmission.com
| > > Sent: Saturday, August 24, 2002 10:32 PM
| > > Subject: [CANSLIM] Ask Bill--Does anybody really ask these =
questions?
| > >
| > >
| > > Here is today's "Ask Bill" column. Sound familiar?
| > >
| > > Question: Can you please define "swing trader"?
| > >
| > >
| > >
| > > - Submitted from Texarkana, Texas
| > >
| > >
| > >
| > >
| > >  Answer: A swing trader is one who trades short-term "swings" in =
the
| > market,
| > > stocks, options, etc. that last anywhere from a few days to just a =
few
| > > weeks.
| > >
| > >
| > >
| > > I'd sure like to know why so often these questions are exactly the =
same
| > > topics that appear on our email list. Why pick up on stuff like =
this and
| > > make up bogus "Ask Bills" when I've still got at least 2 questions =
asked
| > of
| > > them and never answered (I'm sure there are others who've written
| > questions
| > > that aren't answered).
| > >
| > > For example, why the heck does the IBD calculate the ROE based on =
the
| > > average of 2 years data? Huh? Since when did anybody use 2 years =
for
| such
| > a
| > > measurement?
| > >
| > > Here's the Ask Bill I'm referring to (highlighting is mine):
| > >
| > > Ask Bill O'Neil Archives
| > > Wednesday, August 21, 2002
| > >
| > > "Why is it some stocks showing accelerating earnings and sales =
growth
| > still
| > > have relatively low return on equity? Would you make an exception =
to
| your
| > > rule of buying stocks with ROE of 17% or better?"
| > > - Submitted from Montgomery, Texas
| > >
| > > One possible reason is the fact that IBD's measure of ROE (return =
on
| > equity)
| > > takes an average of the ROE over the past two fiscal years. If a =
company
| > > posted weak earnings or a loss in the previous year, that would =
dilute
| its
| > > ROE. Also keep in mind that ROE measures total operating earnings
| divided
| > by
| > > shareholders' equity. So even when the year-over-year EPS growth =
is
| > > accelerating, if earnings per share are small (say, only 4 or 8 =
cents),
| it
| > > may result in a relatively small numerator in the ROE equation. =
This is
| > why
| > > the best growth companies with strong ROE tend to show strong =
growth
| over
| > > several years, not just in a number of quarters. Regarding the =
rule of
| > > having ROE of at least 17%, keep in mind that some of the best =
stocks
| had
| > an
| > > ROE less than that, including Emulex (8% before its big price =
run-up
| > > beginning in December 1998), Millennium Pharmaceuticals (7%) and
| Qualcomm
| > > (8%). But on average, the best stocks during the 1997-2000 period
| sported
| > an
| > > average ROE of 23%.
| > >
| > >
| > > --Katherine
| > >
| > >
| > >
| > > -
| > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| > > -In the email body, write "subscribe canslim" or
| > > -"unsubscribe canslim".  Do not use quotes in your email.
| > >
| > >
| > >
| > >
| > > -
| > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| > > -In the email body, write "subscribe canslim" or
| > > -"unsubscribe canslim".  Do not use quotes in your email.
| > >
| >
| > -
| > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| > -In the email body, write "subscribe canslim" or
| > -"unsubscribe canslim".  Do not use quotes in your email.
| >
| > -
| > -To subscribe/unsubscribe, email "majordomo@xmission.com"
| > -In the email body, write "subscribe canslim" or
| > -"unsubscribe canslim".  Do not use quotes in your email.
| >
| >
|=20
|=20
| -
| -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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<DIV>Hi Norm,</DIV>
<DIV>&nbsp;</DIV>
<DIV>I double checked on this before responding, but the Group RS =
ratings=20
displayed on the DGO charts are updated daily just after close. The =
report which=20
allows export of these values is available in one of the reports updated =
on=20
Saturday. (DailyGraphs Printed Product Company Index).</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<DIV>&nbsp;</DIV>
<DIV>Here is DGO's response to my inquiry:</DIV>
<DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black">From: <A=20
title=3DCustserv@dailygraphs.com=20
href=3D"mailto:Custserv@dailygraphs.com">Custserv@dailygraphs.com</A> =
</DIV>
<DIV>To: <A title=3Dkmalm@earthlink.net=20
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A> </DIV>
<DIV>Sent: Monday, August 26, 2002 1:15 PM</DIV>
<DIV>Subject: Re: Group RS Ratings [T20020826007X]</DIV></DIV>
<DIV><BR></DIV><!-- Converted from text/rtf format -->
<P align=3Dleft><SPAN lang=3Den-us>Hi Katherine,</SPAN></P>
<P align=3Dleft><SPAN lang=3Den-us>David has stepped out of the office =
so please=20
allow me to assist you.&nbsp; The Group RS</SPAN><SPAN lang=3Den-us> =
numerical=20
rating on the Weekly chart updates every day</SPAN><SPAN lang=3Den-us>=20
between</SPAN><SPAN lang=3Den-us> 3:00</SPAN><SPAN lang=3Den-us> and=20
3:30</SPAN><SPAN lang=3Den-us> PM</SPAN><SPAN lang=3Den-us> =
PST.</SPAN><SPAN=20
lang=3Den-us>&nbsp; We actually update our SmartSelect data items (RS, =
EPS,=20
Acc/Dis, SMR, GroupRS)</SPAN><SPAN lang=3Den-us></SPAN><SPAN =
lang=3Den-us> each=20
day</SPAN><SPAN lang=3Den-us> just a couple</SPAN><SPAN lang=3Den-us> =
of</SPAN><SPAN=20
lang=3Den-us> hours</SPAN><SPAN lang=3Den-us> after the close.&nbsp; All =
of our=20
other data</SPAN><SPAN lang=3Den-us> items</SPAN><SPAN lang=3Den-us> =
update later in=20
the evening.</SPAN><SPAN lang=3Den-us></SPAN></P>
<P align=3Dleft><SPAN lang=3Den-us>Please feel free to email us if you =
have any=20
other questions or comments.</SPAN></P>
<P align=3Dleft><SPAN lang=3Den-us>Best regards,</SPAN></P>
<P align=3Dleft><SPAN lang=3Den-us></SPAN><SPAN =
lang=3Den-us>John</SPAN></P>
<P align=3Dleft><SPAN lang=3Den-us>Daily Graphs Online</SPAN></P></DIV>
<DIV>----- Original Message -----=20
<DIV>From: "Norman" &lt;<A=20
href=3D"mailto:theboyd@tisd.net">theboyd@tisd.net</A>&gt;</DIV>
<DIV>To: &lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;</DIV>
<DIV>Sent: Monday, August 26, 2002 6:41 AM</DIV>
<DIV>Subject: Re: [CANSLIM] Ask Bill--Does anybody really ask these=20
questions?</DIV></DIV>
<DIV><BR></DIV>| There is a similar phenomenon that happens with the =
Industry=20
Group ranks.<BR>| The ranking that is printed in the Wednesday-Monday =
papers has=20
in the past<BR>| contained errors because they run this through very =
quickly,=20
immediately<BR>| after M close, trying to meet the printing =
deadline.&nbsp; The=20
Tuesday issue is<BR>| the only one that doesn't have the short deadline =
and so=20
has the only<BR>| "double-checked" accurate group rankings.&nbsp; If you =
want=20
accurate group<BR>| rankings use the Tuesday issue.&nbsp; I have no idea =
if this=20
is reflected in DGO.<BR>| <BR>| Norm<BR>| <BR>| ----- Original Message=20
- -----<BR>| From: "Tom Worley" &lt;<A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =
To:=20
&lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
Sent: Sunday, August 25, 2002 6:35 AM<BR>| Subject: Re: [CANSLIM] Ask =
Bill--Does=20
anybody really ask these questions?<BR>| <BR>| <BR>| &gt; John, I don't=20
subscribe to IBD or use their site, so no first hand<BR>| &gt; =
experience. But=20
from other similar discrepancies members have found, have<BR>| &gt; you =
tried=20
looking at the day before or after to see if they would match<BR>| =
for<BR>| &gt;=20
a different day? The rush to get the paper into print may mean the =
net<BR>|=20
site<BR>| &gt; is updated with later data.<BR>| &gt;<BR>| &gt; ----- =
Original=20
Message -----<BR>| &gt; From: "John Calkins" &lt;<A=20
href=3D"mailto:jcalkins@olypen.com">jcalkins@olypen.com</A>&gt;<BR>| =
&gt; To:=20
&lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
&gt; Sent: Sunday, August 25, 2002 2:24 AM<BR>| &gt; Subject: Re: =
[CANSLIM] Ask=20
Bill--Does anybody really ask these questions?<BR>| &gt;<BR>| &gt; You =
people=20
are awesome!<BR>| &gt;<BR>| &gt; You really are on track with what's =
happening=20
with IBD, CANSLIM and the<BR>| &gt; Market!<BR>| &gt;<BR>| &gt; Two =
weeks ago I=20
"Asked Bill" but got no answer to:&nbsp; Why doesn't the "Where<BR>| =
&gt; The=20
Big Money's Flowing Now" on Investors.com match "Where The Big =
Money's<BR>| &gt;=20
Flowing" from IBD.&nbsp; I realize that they only show the top seven up =
and<BR>|=20
down<BR>| &gt; but there has been several occasions that I've looked at =
the=20
Investors.com<BR>| &gt; list and there were some symbols omitted or =
added that=20
didn't show in IBD<BR>| or<BR>| &gt; visa-versa. So which one is =
right?&nbsp; I=20
read that they use the same screen.<BR>| &gt;<BR>| &gt; You know, I'll =
bet ya=20
I'll get some kind of an answer from this group!<BR>| And<BR>| &gt; this =
is why=20
we all like this group so much.<BR>| &gt;<BR>| &gt; (JC)<BR>| &gt;<BR>| =
&gt; I=20
really don't care if its a right answer, at least I feel like I'm =
not<BR>| &gt;=20
loosing it.<BR>| &gt;<BR>| &gt; ----- Original Message -----<BR>| &gt; =
From:=20
"Tom Worley" &lt;<A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =
&gt; To:=20
&lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
&gt; Sent: Saturday, August 24, 2002 9:00 PM<BR>| &gt; Subject: Re: =
[CANSLIM]=20
Ask Bill--Does anybody really ask these questions?<BR>| &gt;<BR>| &gt; =
&gt;=20
Bill, just don't hold your breath waiting for an answer!!<BR>| &gt; =
&gt;<BR>|=20
&gt; &gt; ----- Original Message -----<BR>| &gt; &gt; From: "Bill =
Triffet"=20
&lt;<A =
href=3D"mailto:btriffet@earthlink.net">btriffet@earthlink.net</A>&gt;<BR>=
|=20
&gt; &gt; To: &lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
&gt; &gt; Sent: Sunday, August 25, 2002 12:23 AM<BR>| &gt; &gt; Subject: =
Re:=20
[CANSLIM] Ask Bill--Does anybody really ask these<BR>| questions?<BR>| =
&gt;=20
&gt;<BR>| &gt; &gt;<BR>| &gt; &gt; Well... this is the one I just =
sent&nbsp;=20
"Ask Bill"<BR>| &gt; &gt;<BR>| &gt; &gt; "Hey Bill, why don't you or =
your=20
associates speak up during our<BR>| &gt; discussions<BR>| &gt; &gt; at =
<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 ? We'd=20
sure like to get some input from<BR>| you<BR>| &gt; &gt; directly as you =
seem to=20
only post OUR discussion topics in YOUR paper".<BR>| &gt; &gt;<BR>| &gt; =
&gt;=20
One problem I could see with the very distant scenario of =
participating<BR>|=20
&gt; with<BR>| &gt; &gt; this group is they would be FLOODED with =
questions as=20
they're considered<BR>| &gt; by<BR>| &gt; &gt; most here to be experts =
in=20
canslim.<BR>| &gt; &gt;<BR>| &gt; &gt; Maybe IBD will try to buy this =
list to=20
offer it as a $$$ service to<BR>| &gt; &gt; subscribers? (ggg)<BR>| &gt; =

&gt;<BR>| &gt; &gt; Hope we get grandfathered in...(g)<BR>| &gt; =
&gt;<BR>| &gt;=20
&gt; -Bill<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; =
- -----=20
Original Message -----<BR>| &gt; &gt; From: "Tom Worley" &lt;<A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A>&gt;<BR>| =
&gt; &gt;=20
To: &lt;<A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>|=20
&gt; &gt; Sent: Saturday, August 24, 2002 7:41 PM<BR>| &gt; &gt; =
Subject: Re:=20
[CANSLIM] Ask Bill--Does anybody really ask these<BR>| questions?<BR>| =
&gt;=20
&gt;<BR>| &gt; &gt;<BR>| &gt; &gt; maybe while we weren't looking, we =
became the=20
last CANSLIMers out there.<BR>| &gt; So<BR>| &gt; &gt; they have to =
glean from=20
our discussions just to have someone left to<BR>| "Ask<BR>| &gt; &gt; =
Bill".=20
Then again, maybe they just want to tackle the soft questions.<BR>| &gt; =

&gt;<BR>| &gt; &gt; Maybe what we should do is every member flood IBD =
with "Ask=20
Bill"<BR>| &gt; questions,<BR>| &gt; &gt; and see if any get published =
from real=20
people we actually know, instead<BR>| of<BR>| &gt; &gt; an unnamed =
person from=20
Texarkana or wherever.<BR>| &gt; &gt;<BR>| &gt; &gt; ----- Original =
Message=20
- -----<BR>| &gt; &gt; From: Katherine Malm<BR>| &gt; &gt; To: <A=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>|=20
&gt; &gt; Sent: Saturday, August 24, 2002 10:32 PM<BR>| &gt; &gt; =
Subject:=20
[CANSLIM] Ask Bill--Does anybody really ask these questions?<BR>| &gt; =
&gt;<BR>|=20
&gt; &gt;<BR>| &gt; &gt; Here is today's "Ask Bill" column. Sound =
familiar?<BR>|=20
&gt; &gt;<BR>| &gt; &gt; Question: Can you please define "swing =
trader"?<BR>|=20
&gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; - Submitted from=20
Texarkana, Texas<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt;=20
&gt;<BR>| &gt; &gt;&nbsp; Answer: A swing trader is one who trades =
short-term=20
"swings" in the<BR>| &gt; market,<BR>| &gt; &gt; stocks, options, etc. =
that last=20
anywhere from a few days to just a few<BR>| &gt; &gt; weeks.<BR>| &gt; =
&gt;<BR>|=20
&gt; &gt;<BR>| &gt; &gt;<BR>| &gt; &gt; I'd sure like to know why so =
often these=20
questions are exactly the same<BR>| &gt; &gt; topics that appear on our =
email=20
list. Why pick up on stuff like this and<BR>| &gt; &gt; make up bogus =
"Ask=20
Bills" when I've still got at least 2 questions asked<BR>| &gt; of<BR>| =
&gt;=20
&gt; them and never answered (I'm sure there are others who've =
written<BR>| &gt;=20
questions<BR>| &gt; &gt; that aren't answered).<BR>| &gt; &gt;<BR>| &gt; =
&gt;=20
For example, why the heck does the IBD calculate the ROE based on =
the<BR>| &gt;=20
&gt; average of 2 years data? Huh? Since when did anybody use 2 years =
for<BR>|=20
such<BR>| &gt; a<BR>| &gt; &gt; measurement?<BR>| &gt; &gt;<BR>| &gt; =
&gt;=20
Here's the Ask Bill I'm referring to (highlighting is mine):<BR>| &gt; =
&gt;<BR>|=20
&gt; &gt; Ask Bill O'Neil Archives<BR>| &gt; &gt; Wednesday, August 21,=20
2002<BR>| &gt; &gt;<BR>| &gt; &gt; "Why is it some stocks showing =
accelerating=20
earnings and sales growth<BR>| &gt; still<BR>| &gt; &gt; have relatively =
low=20
return on equity? Would you make an exception to<BR>| your<BR>| &gt; =
&gt; rule=20
of buying stocks with ROE of 17% or better?"<BR>| &gt; &gt; - Submitted =
from=20
Montgomery, Texas<BR>| &gt; &gt;<BR>| &gt; &gt; One possible reason is =
the fact=20
that IBD's measure of ROE (return on<BR>| &gt; equity)<BR>| &gt; &gt; =
takes an=20
average of the ROE over the past two fiscal years. If a company<BR>| =
&gt; &gt;=20
posted weak earnings or a loss in the previous year, that would =
dilute<BR>|=20
its<BR>| &gt; &gt; ROE. Also keep in mind that ROE measures total =
operating=20
earnings<BR>| divided<BR>| &gt; by<BR>| &gt; &gt; shareholders' equity. =
So even=20
when the year-over-year EPS growth is<BR>| &gt; &gt; accelerating, if =
earnings=20
per share are small (say, only 4 or 8 cents),<BR>| it<BR>| &gt; &gt; may =
result=20
in a relatively small numerator in the ROE equation. This is<BR>| &gt; =
why<BR>|=20
&gt; &gt; the best growth companies with strong ROE tend to show strong=20
growth<BR>| over<BR>| &gt; &gt; several years, not just in a number of =
quarters.=20
Regarding the rule of<BR>| &gt; &gt; having ROE of at least 17%, keep in =
mind=20
that some of the best stocks<BR>| had<BR>| &gt; an<BR>| &gt; &gt; ROE =
less than=20
that, including Emulex (8% before its big price run-up<BR>| &gt; &gt; =
beginning=20
in December 1998), Millennium Pharmaceuticals (7%) and<BR>| =
Qualcomm<BR>| &gt;=20
&gt; (8%). But on average, the best stocks during the 1997-2000 =
period<BR>|=20
sported<BR>| &gt; an<BR>| &gt; &gt; average ROE of 23%.<BR>| &gt; =
&gt;<BR>| &gt;=20
&gt;<BR>| &gt; &gt; --Katherine<BR>| &gt; &gt;<BR>| &gt; &gt;<BR>| &gt;=20
&gt;<BR>| &gt; &gt; -<BR>| &gt; &gt; -To subscribe/unsubscribe, email =
"<A=20
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>| =
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href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>| =
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