Re: [CANSLIM] CANSLIM Hunting List 09/20/02

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] CANSLIM Hunting List 09/20/02
Date: Tue, 24 Sep 2002 13:26:28 -0600

Next Article (by Subject): RE: [CANSLIM] CANSLIM Hunting List 09/20/02 "Curt Corley"
Previous Article (by Subject): Re: [CANSLIM] CANSLIM Hunting List 09/20/02 Spencer48@aol.com
Top of Thread: Re: [CANSLIM] CANSLIM Hunting List 09/20/02 Spencer48@aol.com
Next in Thread: RE: [CANSLIM] CANSLIM Hunting List 09/20/02 "Curt Corley"
Articles sorted by: [Date] [Author] [Subject]

On 24 Sep 2002 at 14:55, Spencer48@aol.com wrote:

> about what the stock will do.  But how do they divvy up the quarterlies
> (from their yearly projections)-and how many quarters ahead can they
> accurately predict?

Too often I think the correct answer is zero quarters.  Right now I'd say there is very 
very little reliablity in any earnings forecast, because they are so dependent on 
when the economy turns up, and no one can make that call.  During a period of a 
growing economy, forecasts are more reliable, its when you get into these transition 
periods that they completely lose their accuracy.  No one was forecasting a big slow 
down in earnings as we approached the recent slowdown.  Also, certain industries 
and business are easier to forecast for than others. Forecasts for Abott Labs, when I 
have paid attention to it, are right on the nose.  I think smaller companies, 
especially in technology areas, are more difficult to forecast for.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.