- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
------------------------------
Date: Wed, 07 Aug 2002 14:31:04 -0700
From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Identifying NEW leaders
This is a multi-part message in MIME format.
- --Boundary_(ID_0dwcIHGaNjJOlt62C5DgSA)
Content-type: text/plain; charset=iso-8859-1
Content-transfer-encoding: 7BIT
Winston. Thank you for the analysis. One thing I would add is that the forward estimates are strong - $2.30-$2.35 for this year, and backlog is up 25% from Dec 31.
IMHO, the chart that has the most positive potential is the 2-year weekly chart. It has the potential to show a strong C&H, where it is currently at the bottom of the H and just around 15% below the handle high. But it definitely needs to develop futher, and would have to move through $33 on a good increase in ADV.
I also see the weekly moving averages still trending up. Why do your long-term charts point down?
Thanks again,
Ian
- ----- Original Message -----
From: Winston Little
To: canslim@lists.xmission.com
Sent: Wednesday, August 07, 2002 1:45 PM
Subject: Re: [CANSLIM] Identifying NEW leaders
CBI was offered for comment.
My viiews are:
Earnings cause some concern.
Q4 of 2000 had a substantial loss of (-$4.18) and Q2 of 2001 also had a loss of (-$0.13).
The last four quarters were all positive and strong ($1.91), but I could not find a pattern in the flow of earnings.
Revenues grew in all four quarters of 2000 and 2001, then fell in Q1 and Q2 of 2002, again making me uneasy.
Looking at the price-volume chart, I see relatively light trading (I prefer at least 80,000 to 100,000 shares/day).
Some increase occurs at about 02 July, but on an irregular basis.
Price had been falling from 14 May until 23 July, then turned up.
Last three days were down.
Next I looked at a three year and a five year chart.
Extrapolation on both of these imply that the next move is down.
In summary:
C= quarterly eps growing but irregular
A= growing in last two years (this smoothes out the irregular quarters)
N= Moved from bridge building to newer storage tanks including use for cryogenic and microelectronics
S = ???? 21 million shares outstanding (47,000 traded/day). Market Cap = $549 million.
L = Is #2 in group #63
I = appears a little weak ( but they have been sneaking in since 02 July)
M= Quick rotating market
I need to see a little more action up or down before I would commit or avoid this one, but it is certainly a good candidate to watch.
----- Original Message -----
From: Ian
To: canslim@lists.xmission.com
Sent: Wednesday, August 07, 2002 3:38 PM
Subject: Re: [CANSLIM] Identifying NEW leaders
In light of the fact that these are extraordinary times, I'll throw one out with a terribly ugly chart, but very solid current and forward CANSLIM fundamentals ... (and besides, I love their name - the Engineer in me has always wanted to buy stocks like this): CBI-NYSE, Chicago Bridge and Iron
I am particularly intrigued by the combination of a strong grwing backlog, relatively low historical valuation and a sustained recent increase in ADV. However, the chart is awful. Any opinions on this one?
Ian
BTW - I qualify these as 'extraordinary times' because I've had no trouble finding strong groups/sectors/stocks at any point in the last few years, until this past June. It amazes me that everything can be weak simultaneously.
----- Original Message -----
From: Vanchee1@aol.com
To: canslim@lists.xmission.com
Sent: Wednesday, August 07, 2002 11:38 AM
Subject: Re: [CANSLIM] Identifying NEW leaders
Here is one similar to CHTT, what do you think.
DLI, Rev last qtr of 93 mil, EPS of .53, dept/equity .97, shrs out 8.6, float 4.7
CHTT Rev last qtr of 58 mil, EPS of .58, dept/equity 4.03, shrs out 9.5, float 8.1
CHTT does have double the margin but much more dept. comments
Chris
- --Boundary_(ID_0dwcIHGaNjJOlt62C5DgSA)
Content-type: text/html; charset=iso-8859-1
Content-transfer-encoding: 7BIT
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
