Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] ARTI
Date: Fri, 16 May 2003 05:06:59 -0500
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Hi Kelly,
It's unlikely ARTI would be buying back stock, as they recently floated an
*additional* 2.5 million shares in a primary offering this month. I suspect that
digging into the financials would reveal that their acquisition of NurLogic
earlier this year may have contributed to some of the decline in after tax
profit margins and the low ROE. Management currently owns 10%, a decent figure.
The 60% ownership is total institutional ownership as a percentage of
outstanding shares, but mutual funds own only 17% of the float, which is fairly
low. In a case like this, I personally weigh the evidence and see if the
company's strategic advantage and their general business/market conditions make
them a good CANSLIM candidate despite a few flaws in their overall financials.
As others mentioned earlier, the lack of a significant pause on the right side
of the cup in order to form a handle of at least 5 days means that it's a
tougher/riskier entry. If it is truly a cup with no handle, then the breakout
occurred when it cleared the left side of the cup (22.30) on volume on 5/9. As
it's currently within 5% of the pivot, then technically, it's flashing a second
chance entry. The only thing that bothers me is that high volume tail down on
5/12 and as you suggest, a little pause/pullback here on lower volume would
lower the risk of entry in my mind.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kelly Short
Sent: Wednesday, May 14, 2003 8:57 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] ARTI
Group,
I agree with Chris and Roger that ARTI looks nice. I remember Katherine Malm
saying there are no "perfect" CANSLIM stocks, but I would ask the group how much
weight they give to this stocks' few negative qualities:
ROE a bit low at 3.3%
Can't tell if Artisan is buying back their own stock at this time, or how much
mgmt owns
Institutional ownership at 60%+ (is this a negative)
After tax profit margin declined last quarter from 15.8% to 7.5%
Otherwise, the stock looks very nice. The price action today is very
CANSLIM'ish as long as it can stay below its average vol. What are the groups
thoughts on ARTI?
Kelly
-----Original Message-----
From: Roger [mailto:gagnonr001@hawaii.rr.com]
Sent: Friday, May 09, 2003 6:09 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] ARTI
Chris
I found it today in Where Big Money Flows. I find most of my buys there. I
boutght 2000 shares today at 22.80 lets see what happens. Thanks for you input
Roger
----- Original Message -----
From: Chris Jones
To: canslim@lists.xmission.com
Sent: Friday, May 09, 2003 1:01 PM
Subject: Re: [CANSLIM] ARTI
I agree - fundies are good, CE looks good. It looks like a good cup, but
I
don't see any handle. The "trending up" handle just looks like part of
the
cup to me, could someone point out the date of the handle to me? Even so,
lots of stocks make good runs without a handle. Nice breakout today.
Roger, where did you first come accross ARTI? Was it just on the "Where
the
Big Money's Flowing" table at investors.com today, or did you find it
somewhere else first?
Chris
----- Original Message -----
From: "Tomas" <tomas986@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Friday, May 09, 2003 3:47 PM
Subject: Re: [CANSLIM] ARTI
> Roger,
>
> The fundies looks very good. 15.99/18 from the CE.
> Looks like a nice cup formation. The handle looks
> like it is trending up. There was one down day at the
> beginning of the handle. Not sure if this is a good
> handle or not. Anyone care to comment on this?
>
> just my $.02
> tomas
>
>
> --- Roger <gagnonr001@hawaii.rr.com> wrote:
> > New Page 1
> > I am looking at ARTI I am going to pick up
> > 2,000shares are there and views out there on this
> > stock.
> >
> > It is a shame about Tom Worley My prayers are with
> > his family
> >
> > Aloha
> >
> > Roger
> >
>
>
> __________________________________
> Do you Yahoo!?
> The New Yahoo! Search - Faster. Easier. Bingo.
> http://search.yahoo.com
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<DIV><SPAN class=3D890483909-16052003>Hi Kelly,</SPAN></DIV>
<DIV><SPAN class=3D890483909-16052003></SPAN> </DIV>
<DIV><SPAN class=3D890483909-16052003>It's unlikely ARTI would be buying =
back=20
stock, as they recently floated an *additional* 2.5 million shares in a =
primary=20
offering this month. I suspect that digging into the financials would =
reveal=20
that their acquisition of NurLogic earlier this year may have =
contributed to=20
some of the decline in after tax profit margins and the low ROE. =
Management=20
currently owns 10%, a decent figure. The 60% ownership is total =
institutional=20
ownership as a percentage of outstanding shares, but mutual funds own =
only 17%=20
of the float, which is fairly low. In a case like this, I personally =
weigh the=20
evidence and see if the company's strategic advantage and their general=20
business/market conditions make them a good CANSLIM candidate =
despite a few=20
flaws in their overall financials.</SPAN></DIV>
<DIV><SPAN class=3D890483909-16052003></SPAN> </DIV>
<DIV><SPAN class=3D890483909-16052003>As others mentioned earlier, the =
lack of a=20
significant pause on the right side of the cup in order to =
form a=20
handle of at least 5 days means that it's a tougher/riskier entry. If it =
is=20
truly a cup with no handle, then the breakout occurred when it cleared =
the left=20
side of the cup (22.30) on volume on 5/9. As it's currently =
within 5%=20
of the pivot, then technically, it's flashing a second chance entry. The =
only=20
thing that bothers me is that high volume tail down </SPAN><FONT=20
face=3DTahoma size=3D2><SPAN class=3D890483909-16052003><FONT =
face=3D"Times New Roman"=20
size=3D3>on 5/12 and as you suggest, a little pause/pullback here on =
lower volume=20
would lower the risk of entry in my mind.</FONT></SPAN></FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3><SPAN=20
class=3D890483909-16052003></SPAN></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3><SPAN=20
class=3D890483909-16052003>Katherine</SPAN></FONT></DIV>
<DIV><FONT face=3D"Times New Roman" size=3D3><SPAN=20
class=3D890483909-16052003></SPAN></FONT> </DIV>
<DIV><FONT face=3DTahoma size=3D2><SPAN=20
class=3D890483909-16052003> </SPAN>-----Original =
Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<B>On=20
Behalf Of </B>Kelly Short<BR><B>Sent:</B> Wednesday, May 14, 2003 8:57=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
ARTI<BR><BR></DIV></FONT>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Group,</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff size=3D2>I=20
agree with Chris and Roger that ARTI looks nice. I remember Katherine =
Malm=20
saying there are no "perfect" CANSLIM stocks, but I would ask the =
group how=20
much weight they give to this stocks' few negative=20
qualities:</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff size=3D2>ROE=20
a bit low at 3.3%</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Can't tell if Artisan is buying back their own stock at this =
time, or=20
how much mgmt owns</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Institutional ownership at 60%+ (is this a=20
negative)</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>After tax profit margin declined last quarter from 15.8% to=20
7.5%</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Otherwise, the stock looks very nice. The price action today =
is very=20
CANSLIM'ish as long as it can stay below its average vol. What are the =
groups=20
thoughts on ARTI?</FONT></SPAN></DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D916025514-14052003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Kelly</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Roger=20
[mailto:gagnonr001@hawaii.rr.com]<BR><B>Sent:</B> Friday, May 09, =
2003 6:09=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
ARTI<BR><BR></FONT></DIV>
<DIV><STRONG><FONT face=3D"Lynda Cursive"=20
color=3D#0000ff>Chris</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3D"Lynda Cursive" color=3D#0000ff>I found it =
today in=20
Where Big Money Flows. I find most of my buys there. I =
boutght=20
2000 shares today at 22.80 lets see what happens. Thanks =
for you=20
input</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=3D"Lynda Cursive"=20
color=3D#0000ff>Roger</FONT></STRONG></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 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=3DSwingKid104@attbi.com =
href=3D"mailto:SwingKid104@attbi.com">Chris=20
Jones</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> Friday, May 09, 2003 =
1:01=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
ARTI</DIV>
<DIV><BR></DIV>I agree - fundies are good, CE looks good. It =
looks=20
like a good cup, but I<BR>don't see any handle. The =
"trending up"=20
handle just looks like part of the<BR>cup to me, could someone =
point out=20
the date of the handle to me? Even so,<BR>lots of stocks =
make good=20
runs without a handle. Nice breakout today.<BR>Roger, where =
did you=20
first come accross ARTI? Was it just on the "Where =
the<BR>Big=20
Money's Flowing" table at investors.com today, or did you find=20
it<BR>somewhere else first?<BR><BR>Chris<BR><BR>----- Original =
Message=20
----- <BR>From: "Tomas" <<A=20
=
href=3D"mailto:tomas986@yahoo.com">tomas986@yahoo.com</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Friday, May 09, 2003 3:47 PM<BR>Subject: Re: [CANSLIM]=20
ARTI<BR><BR><BR>> Roger,<BR>><BR>> The fundies looks very =
good. 15.99/18 from the CE.<BR>> Looks like a nice cup=20
formation. The handle looks<BR>> like it is trending =
up. =20
There was one down day at the<BR>> beginning of the =
handle. Not=20
sure if this is a good<BR>> handle or not. Anyone care to =
comment=20
on this?<BR>><BR>> just my $.02<BR>>=20
tomas<BR>><BR>><BR>> --- Roger <<A=20
=
href=3D"mailto:gagnonr001@hawaii.rr.com">gagnonr001@hawaii.rr.com</A>>=
=20
wrote:<BR>> > New Page 1<BR>> > I am looking at ARTI I =
am=20
going to pick up<BR>> > 2,000shares are there and views out =
there on=20
this<BR>> > stock.<BR>> ><BR>> > It is a shame =
about Tom=20
Worley My prayers are with<BR>> > his family<BR>> =
><BR>>=20
> Aloha<BR>> ><BR>> > Roger<BR>>=20
><BR>><BR>><BR>> =
__________________________________<BR>> Do=20
you Yahoo!?<BR>> The New Yahoo! Search - Faster. Easier. =
Bingo.<BR>>=20
<A=20
=
href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR>><BR>&=
gt;=20
-<BR>> -To subscribe/unsubscribe, email "<A=20
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subscribe/unsubscribe, email "<A=20
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the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
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email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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