Re: [CANSLIM] VRNT

From: Davellil5@aol.com
Subject: Re: [CANSLIM] VRNT
Date: Fri, 6 Jun 2003 09:40:06 EDT

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Katherine:

Puzzled!

Are we now 100% technicians?  No more "fundies"?

VRNT has had negligible sales and earnings growth over the past 5 years.  
However, sales in latest quarter was up 22% over same qtr. last yr., and earnings 
up 75% (to a big 14 cents/sh).

Projected EPS gain this year over last year is 30% and another 27% next year 
(consensus of 6 brokers).

So, no history of performance.  What basis for believing that the very recent 
improvement can be maintained, brokers' optimism?  If the brokers are so 
confident, why are they rating VRNT at 2.8, not "Strong Buy"?

Trailing PE at 190.

Sounds like the market is betting on the come.  Is that good enough for 
CANSLIM these days?

Reason for asking is that, in all the email about VRNT (and some other stocks 
of recent interest), I've seen no reference to "fundies".

Regards, Dave 


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