Go to Jeff Salisbury LWGate Home Page.From: "Gene Ricci" <genr@swbell.net>
Subject: [CANSLIM] YHOO
Date: Thu, 27 Mar 2003 16:06:02 -0600
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Nancy, did you buy YHOO before the move?
Gene
----- Original Message -----=20
From: NANCY POLCARO=20
To: canslim=20
Sent: Thursday, March 27, 2003 12:54 PM
Subject: Re: [CANSLIM] Fundamental Analysis: P/S - I Love You =
(Sometimes)
I looked into a micro cap once Fonr-stand up mri-it booked sales when =
the product was made , to my understanding , from the sec filings, not =
when it was sold. nancy
----- Original Message -----
From: Gene Ricci
Sent: Thursday, March 27, 2003 9:45 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Fundamental Analysis: P/S - I Love You =
(Sometimes)
Thanks Tom!
I might be all wet but I feel that companies will have a hard time =
fudging this ratio. They can fudge EPS lots of different ways, but =
there are few ways to fudge sales. There are some (particularly =
software companies) that have in the past. Some used to book the entire =
amount of a contract sales when it was signed, rather than book when it =
was billed. But this practice has been under fire and is likely to go =
away if it hasn't already.=20
Do you not look at fallen angels? If you do, what would your =
criteria be?
Thanks,
Gene
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Thursday, March 27, 2003 9:35 AM
Subject: Re: [CANSLIM] Fundamental Analysis: P/S - I Love You =
(Sometimes)
Gene, a p/s ratio of 1.0 or less is fine if you are looking for =
fallen angels, bottom fishing, value shopping, etc. But I don't see what =
that has to do with CANSLIM
Because expectations drive price, and thus high expectations would =
create a high p/s ratio, I am automatically suspicious whenever I find a =
stock hitting new highs, with great CANSLIM fundamentals, but a =
relatively low p/s ratio (generally under 2.0). It forces me to dig =
deeper to figure out why the price does not already reflect a higher =
premium.
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 26, 2003 8:50 PM
Subject: [CANSLIM] Fundamental Analysis: P/S - I Love You =
(Sometimes)
Appreciate comments on this article.
Gene
Fundamental Analysis: P/S - I Love You (Sometimes)
------------------------------------------------------------
Investors are always seeking ways to compare the value of stocks.=20
The price-to-sales ratio provides a simple approach: take the=20
company's market capitalization (the number of shares multiplied=20
by the share price) and divide it by the company's total sales=20
over the past twelve months. The lower the ratio, the more =
attractive=20
the investment. As easy as it sounds, price-to-sales provides=20
a useful measure for sizing up stocks. But investors need to=20
be mindful of the ratio's potential pitfalls and possible=20
unreliability.=20
Read this article at:
http://www.investopedia.com/articles/fundamental/03/032603.asp
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<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR></HEAD>
<BODY=20
style=3D"BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT: 10pt =
verdana; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none; =
BACKGROUND-COLOR: #ffffff"=20
bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS" size=3D3>Nancy, did you =
buy YHOO before=20
the move?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D3></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D3>Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DZILLAGIRL@msn.com href=3D"mailto:ZILLAGIRL@msn.com">NANCY =
POLCARO</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, March 27, 2003 =
12:54=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Fundamental=20
Analysis: P/S - I Love You (Sometimes)</DIV>
<DIV><BR></DIV>
<DIV>I looked into a micro cap once Fonr-stand up mri-it booked sales =
when the=20
product was made , to my understanding , from the sec filings, not =
when it was=20
sold. nancy</DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt Arial">----- Original Message -----</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: =
black"><B>From:</B>=20
Gene Ricci</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Thursday, March 27, =
2003 9:45=20
AM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> Re: [CANSLIM] =
Fundamental=20
Analysis: P/S - I Love You (Sometimes)</DIV>
<DIV> </DIV>
<META content=3D"MSHTML 6.00.2800.1106" name=3DGENERATOR>
<STYLE></STYLE>
<DIV><FONT face=3D"Comic Sans MS">Thanks Tom!</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4>I might be all =
wet but I=20
feel that companies will have a hard =
time fudging this=20
ratio. They can fudge EPS lots of different ways, but =
there are=20
few ways to fudge sales. There are some (particularly software =
companies) that have in the past. Some used to book the =
entire=20
amount of a contract sales when it was signed, rather than book when =
it was=20
billed. But this practice has been under fire and is likely to =
go away=20
if it hasn't already.</FONT>=20
<DIV> </DIV></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Do you not look at fallen angels? =
If you do,=20
what would your criteria be?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, March 27, =
2003 9:35=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Fundamental=20
Analysis: P/S - I Love You (Sometimes)</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Gene, a p/s ratio of 1.0 or less is fine =
if you are=20
looking for fallen angels, bottom fishing, value shopping, etc. =
But I=20
don't see what that has to do with CANSLIM</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Because expectations drive price, and thus =
high=20
expectations would create a high p/s ratio, I am automatically =
suspicious=20
whenever I find a stock hitting new highs, with great CANSLIM=20
fundamentals, but a relatively low p/s ratio (generally under =
2.0). It=20
forces me to dig deeper to figure out why the price does not =
already=20
reflect a higher premium.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> =
<A=20
title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV><B>Sent:</B> Wednesday, March 26, 2003 8:50 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] Fundamental Analysis: P/S - I Love =
You=20
(Sometimes)</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D4>Appreciate comments on =
this=20
article.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D4></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS" size=3D4>Gene</FONT></DIV>
<DIV style=3D"FONT: 10pt arial">
<DIV><FONT face=3D"Comic Sans MS" =
size=3D4></FONT> </DIV></DIV>
<DIV><BR></DIV>
<DIV>Fundamental Analysis: P/S - I Love You=20
=
(Sometimes)<BR>----------------------------------------------------------=
- --<BR>Investors=20
are always seeking ways to compare the value of stocks. <BR>The=20
price-to-sales ratio provides a simple approach: take the =
<BR>company's=20
market capitalization (the number of shares multiplied <BR>by the =
share=20
price) and divide it by the company's total sales <BR>over the =
past twelve=20
months. The lower the ratio, the more attractive <BR>the =
investment. As=20
easy as it sounds, price-to-sales provides <BR>a useful measure =
for sizing=20
up stocks. But investors need to <BR>be mindful of the ratio's =
potential=20
pitfalls and possible <BR>unreliability. <BR><BR>Read this article =
at:<BR><A=20
=
href=3D"http://www.investopedia.com/articles/fundamental/03/032603.asp">h=
ttp://www.investopedia.com/articles/fundamental/03/032603.asp</A><BR></DI=
V>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"><FONT=20
face=3D"Comic Sans MS"=20
=
size=3D4></FONT> </BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE=
></BODY></HTML>
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