Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: [CANSLIM] Boomer Babies
Date: Fri, 11 Oct 2002 11:16:54 -0400
Next Article (by Subject): Re: [CANSLIM] What's still strong? "Katherine Malm"
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Greetings one and all. I've been absent from the list for good reason, I think.... Earlier this year, I put forth a theory that it might be wise to keep an eye on stocks most likely to be positively impacted as baby boomers enter their retirement years. I didn't get much response, apparently not CANSLIM enough, but I forged ahead based on my personal experiences as a "leading edge" boomer. To wit, since becoming an economic being, I've kept an eye on my rear-view mirror. I observed (and profited from) the boomer impact over the years...as the bubble passed from one phase to another. A case in point: If it weren't for the boomers, I never could have sold my home of 25 years, probably worth about $50,000, for over $400,000! As I set out to build my list of "boomer babies," the challenge was to keep it within the CANSLIM envelope. So I confined my search to companies appearing in IBD's New America. Lacking 'M', AT LEAST we would have "N"! So I just finished scouring nine months of New America articles and the search yielded over 70 stocks, which I transferred them to a spreadsheet. It's basis is Katherine's "CANSLIM Hunting" spreadsheet (tied for the single greatest contribution to this list of all time with Mikes CANSLIM analyzer, thank you both). You can download the sheet at http://WallStreet-LLC.com/canslim/BoomerBabies.zip A few caveats: Some companies on the list may evoke, "Is he nuts?" Trust me, each has a reason based on my rear-view-mirror observations. You'll also find industries where some companies appear while others in the same industry are excluded. For instance, the only home builders included are those with a major sunbelt focus. I've also excluded some obvious candidates, most notable is Pfizer (the inventors of the pill that has all the residents of Sun City putting signs on their doors that read, "Don't come a knockin' when my condo is a rockin'"). I'm reserving Pfizer and other non-New America stocks for a 'B' list of boomer babies. In conclusion, WON has said of late that what this market needs is a bunch of new IPO's to lead it into bull territory. I agree, but for the near term, he's gotta be dreamin'. So the boomer babies are an effort to ferret out stocks that have the potential to profit from the inevitable aging of the not-so-baby boomers. No chance they'll trigger an era of "irrational exuberance," but maybe they can generate some half-way decent returns. Finally, the list is just that: a list. In no way am I implying all the right fundamentals are there or that bases have formed or are forming...YET! But I think it's a good way to start tracking some potential winners. If this concept stirs you in any way, I invite you to share those companies you think might fit the mold. Have a great weekend... Duke - - - -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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