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Subject: canslim-digest V2 #2780
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canslim-digest        Monday, August 12 2002        Volume 02 : Number 2780



In this issue:

       RE: [CANSLIM] Life Insurers next?
       [CANSLIM] analysts
       RE: [CANSLIM] Life Insurers next?
       RE: [CANSLIM] analysts
       [CANSLIM] Which One Is Better
       Re: [CANSLIM] analysts
       Re: [CANSLIM] Which One Is Better

----------------------------------------------------------------------

Date: Mon, 12 Aug 2002 07:21:51 -0600
From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Life Insurers next?

If I remember right most of MSFTs cash is really just that parked in T-bills
etc.  But I obviously could be totally wrong on this one.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, August 11, 2002 7:37 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Life Insurers next?


valid point Fred. I only mentioned life insurers as that was the focus of
the article I was reading. But any publicly traded company which has large
cash reserves and must invest it somewhere is likely to be potentially
exposed. Might be interesting to know where MSFT had all its cash parked.

- ----- Original Message -----
From: "Fred Richards" <adrich@gte.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, August 11, 2002 9:32 PM
Subject: RE: [CANSLIM] Life Insurers next?


And why do you limit the discussion to life insurers? Property and Casualty
companies, Reinsurance companies, etc., are all at risk.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman
Sent: Sunday, August 11, 2002 8:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Life Insurers next?


Norman

Although I am not sure if we are anywhere near the bottom, I don't
think we have to clear all the accounting scandals before they become
old news. One sign on a bull market is that it shrugs off bad news -
not that bad news ceases to exist.

My 2 cents
Kent Norman

- --- Norman <theboyd@tisd.net> wrote:
> Tom,
>
> I would think even you would find it difficult to maintain a bullish
> outlook
> in this environment<grin>
> Sure seems that with all the defaulting going on by mega-large
> companies
> that we can't be at the bottom yet, much less in a rally.  Someone
> has to be
> taking a big hit from all this red ink.  The M in CAN SLIM will be a
> long
> time coming around, IMHO.
>
> There, is that enuf bearish sentiment to get things going again<G>?
>
> Norm
> ----- Original Message -----
> From: "Tom Worley" <stkguru@bellsouth.net>
> To: "CANSLIM" <canslim@lists.xmission.com>
> Sent: Sunday, August 11, 2002 6:27 PM
> Subject: [CANSLIM] Life Insurers next?
>
>
> > Looks like the ratings agencies are getting concerned over life
> insurance
> > companies exposure to bonds issued by now bankrupt companies, and
> potential
> > ones in the future. Moody's estimates their exposure to Worldcom,
> Dynergy
> > and Qwest at a petty $23 billion so far. S&P already lowered their
> rating
> on
> > the group from stable to negative.  While their portfolios are more
> > diversified today than a decade or so ago, another big hit could
> lead to
> > some being downgraded. And I would expect some of the ones more
> exposed
> are
> > likely to suffer on the earnings side of things as they absorb and
> write
> off
> > the now non performing portion of their investments.
> >
> > Tom Worley
> > stkguru@bellsouth.net
> > AIM: TexWorley
> >
> >
> >
> > -
> > -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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=====
Opportunities always look bigger going than coming.

__________________________________________________
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HotJobs - Search Thousands of New Jobs
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------------------------------

Date: Mon, 12 Aug 2002 10:05:06 -0600
From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: [CANSLIM] analysts

Well, those Wall Street weasels are still weasels, even after promising re=
form.  
Here is the link, since it requires registration, some people will probabl=
y not be able 
to get there or wish to register, so I've excerpted a couple of  passages =
below -

http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html


The two executives boasted that Salomon, Citigroup's investment bank 
subsidiary, had been the first to adopt reforms suggested by Eliot Spitzer=
, the 
New York attorney general, who is investigating Wall Street research. They=
 
also proposed additional moves that regulators might take to prevent a fir=
m's 
investment bankers from exerting improper influence on its research analys=
ts
.....
As Mr. Boss tells the tale, in late June, after spending weeks on a report=
 
analyzing three office furniture companies, he was lukewarm about the stoc=
ks' 
prospects and assigned them a neutral and high-risk rating. He argued that=
 
until the overall business climate improved, demand for these companies' 
products would be lackluster. When two Salomon investment bankers and Mr. 
Boss's immediate supervisor saw the draft report, they demanded that he 
revise it to be more upbeat. Mr. Boss refused. A few days later, on June 2=
7, he 
was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, 
which he refused.

Beginning on June 3, for example, the firm said that any fact checking by =
the 
investment banking division of draft research reports would be limited to =
the 
first research written about an initial public offering. Moreover, the rul=
es said 
that any draft research sent to investment banking for fact checking "must=
 
omit the rating and target price as well as the investment thesis and valu=
ation 
analysis sections."

According to Mr. Boss, two Salomon investment bankers, Richard Moriarty 
and Marc Schneider, flouted those rules the week of June 23, demanding to 
see Mr. Boss's report, which was in draft form on his laptop computer. 

Stephen S. Kim, the analyst covering home-building stocks at Salomon and 
Mr. Boss's immediate supervisor, told him to put the report on the firm's 
internal network so it could be reviewed by the investment bankers. Mr. Bo=
ss 
protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon w=
ent 
to the research department and reviewed the report on Mr. Boss's laptop. T=
wo 
of the three office furnishings stocks that Mr. Boss had advised investors=
 to be 
cautious of =94 Interface and Steelcase =94 had recently issued bonds that=
 were 
underwritten by Salomon. 




- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
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------------------------------

Date: Mon, 12 Aug 2002 11:48:32 -0500
From: jch <jchjch@earthlink.net     >
Subject: RE: [CANSLIM] Life Insurers next?

- --=======363A2F1D=======
Content-Type: text/plain; x-avg-checked=avg-ok-72DE2A27; charset=us-ascii; format=flowed
Content-Transfer-Encoding: 8bit

Don't forget Major Banks exposure--see the following:
>http://www.innercitypress.org/jpmchase.html and

http://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=jp+morgan+chase+%26+co+bad+news&btnG=Google+Search
(long link may wrap to second line)
John Heiman

>If I remember right most of MSFTs cash is really just that parked in T-bills
>etc.  But I obviously could be totally wrong on this one.
>
>-----Original Message-----
>From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
>Sent: Sunday, August 11, 2002 7:37 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] Life Insurers next?
>
>
>valid point Fred. I only mentioned life insurers as that was the focus of
>the article I was reading. But any publicly traded company which has large
>cash reserves and must invest it somewhere is likely to be potentially
>exposed. Might be interesting to know where MSFT had all its cash parked.
>
>----- Original Message -----
>From: "Fred Richards" <adrich@gte.net>
>To: <canslim@lists.xmission.com>
>Sent: Sunday, August 11, 2002 9:32 PM
>Subject: RE: [CANSLIM] Life Insurers next?
>
>
>And why do you limit the discussion to life insurers? Property and Casualty
>companies, Reinsurance companies, etc., are all at risk.
>
>-----Original Message-----
>From: owner-canslim@lists.xmission.com
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman
>Sent: Sunday, August 11, 2002 8:20 PM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] Life Insurers next?
>
>
>Norman
>
>Although I am not sure if we are anywhere near the bottom, I don't
>think we have to clear all the accounting scandals before they become
>old news. One sign on a bull market is that it shrugs off bad news -
>not that bad news ceases to exist.
>
>My 2 cents
>Kent Norman
>
>--- Norman <theboyd@tisd.net> wrote:
> > Tom,
> >
> > I would think even you would find it difficult to maintain a bullish
> > outlook
> > in this environment<grin>
> > Sure seems that with all the defaulting going on by mega-large
> > companies
> > that we can't be at the bottom yet, much less in a rally.  Someone
> > has to be
> > taking a big hit from all this red ink.  The M in CAN SLIM will be a
> > long
> > time coming around, IMHO.
> >
> > There, is that enuf bearish sentiment to get things going again<G>?
> >
> > Norm
> > ----- Original Message -----
> > From: "Tom Worley" <stkguru@bellsouth.net>
> > To: "CANSLIM" <canslim@lists.xmission.com>
> > Sent: Sunday, August 11, 2002 6:27 PM
> > Subject: [CANSLIM] Life Insurers next?
> >
> >
> > > Looks like the ratings agencies are getting concerned over life
> > insurance
> > > companies exposure to bonds issued by now bankrupt companies, and
> > potential
> > > ones in the future. Moody's estimates their exposure to Worldcom,
> > Dynergy
> > > and Qwest at a petty $23 billion so far. S&P already lowered their
> > rating
> > on
> > > the group from stable to negative.  While their portfolios are more
> > > diversified today than a decade or so ago, another big hit could
> > lead to
> > > some being downgraded. And I would expect some of the ones more
> > exposed
> > are
> > > likely to suffer on the earnings side of things as they absorb and
> > write
> > off
> > > the now non performing portion of their investments.
> > >
> > > Tom Worley
> > > stkguru@bellsouth.net
> > > AIM: TexWorley
> > >
> > >
> > >
> > > -
> > > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > > -In the email body, write "subscribe canslim" or
> > > -"unsubscribe canslim".  Do not use quotes in your email.
> > >
> > >
> >
> >
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
>
>
>=====
>Opportunities always look bigger going than coming.
>
>__________________________________________________
>Do You Yahoo!?
>HotJobs - Search Thousands of New Jobs
>http://www.hotjobs.com
>
>-
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------------------------------

Date: Mon, 12 Aug 2002 16:44:56 -0400
From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] analysts

This is incredible.

I pulled up the story, and was further shocked by this revelation:

In a discussion with (his  boss) Mr. Kim about his progress on the
report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim
began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his
superior called the investment bankers and discussed the report, but was
careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told
him to be careful to limit conversations with investment banking to
cellphones because Mr. Spitzer's release of the now infamous Merrill
Lynch e-mail messages had been so damaging to that firm. Furthermore,
internal phone lines, which might be taped, were not to be used.

And near the end of the article:

"In an affidavit that Mr. Boss submitted to Salomon and the New York
attorney general, he said investment bankers at the firm regularly told
Mr. Kim of pending banking assignments and merger and acquisition
activities involving companies in his sector. "In violation of the
rules, Steve issued favorable research reports on the companies involved
(homebuilders) after he became knowledgeable of the transactions," Mr.
Boss said in his affidavit.

"Mr. Boss also said in his statement that shortly after the Masco
Corporation, a maker of building products, sold 22 million shares to the
public in an underwriting co-managed by Salomon this spring, and after
Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco
management to help with the installation of a new kitchen in his
Westchester home. According to Mr. Boss's affidavit, Masco spent more
than $10,000 sending materials and two high-level managers from Michigan
to Mr. Kim's home for several days."

And this is a subsidiary of Citigroup?

With all that's gone on, these guys are either brain-dead, or totally
brain-washed.

Duke



- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl
Sent: Monday, August 12, 2002 12:05 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] analysts


Well, those Wall Street weasels are still weasels, even after promising
reform.  
Here is the link, since it requires registration, some people will
probably not be able 
to get there or wish to register, so I've excerpted a couple of
passages below -

http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html


The two executives boasted that Salomon, Citigroup's investment bank 
subsidiary, had been the first to adopt reforms suggested by Eliot
Spitzer, the 
New York attorney general, who is investigating Wall Street research.
They 
also proposed additional moves that regulators might take to prevent a
firm's 
investment bankers from exerting improper influence on its research
analysts ..... As Mr. Boss tells the tale, in late June, after spending
weeks on a report 
analyzing three office furniture companies, he was lukewarm about the
stocks' 
prospects and assigned them a neutral and high-risk rating. He argued
that 
until the overall business climate improved, demand for these companies'

products would be lackluster. When two Salomon investment bankers and
Mr. 
Boss's immediate supervisor saw the draft report, they demanded that he 
revise it to be more upbeat. Mr. Boss refused. A few days later, on June
27, he 
was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon, 
which he refused.

Beginning on June 3, for example, the firm said that any fact checking
by the 
investment banking division of draft research reports would be limited
to the 
first research written about an initial public offering. Moreover, the
rules said 
that any draft research sent to investment banking for fact checking
"must 
omit the rating and target price as well as the investment thesis and
valuation 
analysis sections."

According to Mr. Boss, two Salomon investment bankers, Richard Moriarty 
and Marc Schneider, flouted those rules the week of June 23, demanding
to 
see Mr. Boss's report, which was in draft form on his laptop computer. 

Stephen S. Kim, the analyst covering home-building stocks at Salomon and

Mr. Boss's immediate supervisor, told him to put the report on the
firm's 
internal network so it could be reviewed by the investment bankers. Mr.
Boss 
protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon
went 
to the research department and reviewed the report on Mr. Boss's laptop.
Two 
of the three office furnishings stocks that Mr. Boss had advised
investors to be 
cautious of " Interface and Steelcase " had recently issued bonds that
were 
underwritten by Salomon. 




- -
- -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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------------------------------

Date: Mon, 12 Aug 2002 16:06:41 -0500
From: Gene Ricci <genr@swbell.net>
Subject: [CANSLIM] Which One Is Better

This is a multi-part message in MIME format.

- ------=_NextPart_000_01EA_01C2421A.3F3228F0
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

MessageLet's see, IBD provides an Overall Rating and now DGO provides a =
Composite Rating. Has anyone determined which one is better?

Gene

The new SmartSelect=AE Composite Rating in Investor's Business Daily and
the Stock Checkup Overall Rating found on investors.com are based on
different formulas.

The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings
into one easy-to-use rating.  More weight is placed on EPS and RS
Rating, and the stock's percent off its 52-week high is also included in
the formula.  Results are then compared to all other companies, and each
company is assigned a rating from 1-99 with 99 being the best.  This
rating is designed to help you get a quick feel for how a company's
SmartSelect=AE Ratings compare to all other stocks in our database.  =
This
is intended to be an additional tool to help you find the stocks with
the highest SmartSelect=AE Ratings, quickly and easily.

The Overall Rating in the Stock Checkup is determined by a proprietary
formula incorporating all five of the Stock Checkup ratings. These are
the Technical Rating, Fundamental Rating, Attractiveness Rating, Group's
Technical Rating and Group's Fundamental Rating.  The Stock Checkup uses
over 30 different variables including all the SmartSelect=AE Ratings to
calculate the Overall Rating.  When using the Stock Checkup, focus not
only on the Overall Rating but all 6 of the Checkup Ratings.  Also study
how the stock compares to its group within the individual Checkup
Ratings.

=20



- ------=_NextPart_000_01EA_01C2421A.3F3228F0
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4916.2300" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Let's see, IBD provides&nbsp;an =
Overall Rating=20
and now DGO provides&nbsp;a Composite Rating. Has anyone determined =
which one is=20
better?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV>The new SmartSelect=AE Composite Rating in Investor's Business =
Daily=20
and<BR>the Stock Checkup Overall Rating found on investors.com are based =

on<BR>different formulas.<BR><BR>The SmartSelect=AE Composite Rating =
combines all=20
5 SmartSelect Ratings<BR>into one easy-to-use rating.&nbsp; More weight =
is=20
placed on EPS and RS<BR>Rating, and the stock's percent off its 52-week =
high is=20
also included in<BR>the formula.&nbsp; Results are then compared to all =
other=20
companies, and each<BR>company is assigned a rating from 1-99 with 99 =
being the=20
best.&nbsp; This<BR>rating is designed to help you get a quick feel for =
how a=20
company's<BR>SmartSelect=AE Ratings compare to all other stocks in our=20
database.&nbsp; This<BR>is intended to be an additional tool to help you =
find=20
the stocks with<BR>the highest SmartSelect=AE Ratings, quickly and=20
easily.<BR><BR>The Overall Rating in the Stock Checkup is determined by =
a=20
proprietary<BR>formula incorporating all five of the Stock Checkup =
ratings.=20
These are<BR>the Technical Rating, Fundamental Rating, Attractiveness =
Rating,=20
Group's<BR>Technical Rating and Group's Fundamental Rating.&nbsp; The =
Stock=20
Checkup uses<BR>over 30 different variables including all the =
SmartSelect=AE=20
Ratings to<BR>calculate the Overall Rating.&nbsp; When using the Stock =
Checkup,=20
focus not<BR>only on the Overall Rating but all 6 of the Checkup =
Ratings.&nbsp;=20
Also study<BR>how the stock compares to its group within the individual=20
Checkup<BR>Ratings.<BR><BR>&nbsp;<BR><BR></DIV>
<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"></FONT>&nbsp;</BLOCKQUOTE></BODY></HTML>

- ------=_NextPart_000_01EA_01C2421A.3F3228F0--


- -
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- -In the email body, write "subscribe canslim" or
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------------------------------

Date: Mon, 12 Aug 2002 17:28:33 -0400
From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] analysts

Duke:

Neither brain dead nor brainwashed ....just white collar crooks.

My understanding is that "USA bank robbers" netted a total of $211 million
in the past ten years.
Most people will tell you .. bank robbers should be put away for life.
Compare that ten year total with the amount from  EACH of  Enron, Tyco,
K-Mart, Global Crossing ...and the list goes on. At each one (except TYC)
whole  families supported by the thousands of employees were ruined.
Yet what will each of the people fron Enron etc.  face ...if anything?


- ----- Original Message -----
From: "Duke Miller" <dukemill@tampabay.rr.com>
To: <canslim@lists.xmission.com>
Sent: Monday, August 12, 2002 4:44 PM
Subject: RE: [CANSLIM] analysts


> This is incredible.
>
> I pulled up the story, and was further shocked by this revelation:
>
> In a discussion with (his  boss) Mr. Kim about his progress on the
> report, Mr. Boss made clear his doubts on the sector. He said Mr. Kim
> began to fret. Mr. Boss, who sat within earshot of Mr. Kim, said his
> superior called the investment bankers and discussed the report, but was
> careful to do so on his cellphone. Mr. Boss said that Mr. Kim had told
> him to be careful to limit conversations with investment banking to
> cellphones because Mr. Spitzer's release of the now infamous Merrill
> Lynch e-mail messages had been so damaging to that firm. Furthermore,
> internal phone lines, which might be taped, were not to be used.
>
> And near the end of the article:
>
> "In an affidavit that Mr. Boss submitted to Salomon and the New York
> attorney general, he said investment bankers at the firm regularly told
> Mr. Kim of pending banking assignments and merger and acquisition
> activities involving companies in his sector. "In violation of the
> rules, Steve issued favorable research reports on the companies involved
> (homebuilders) after he became knowledgeable of the transactions," Mr.
> Boss said in his affidavit.
>
> "Mr. Boss also said in his statement that shortly after the Masco
> Corporation, a maker of building products, sold 22 million shares to the
> public in an underwriting co-managed by Salomon this spring, and after
> Mr. Kim had raised his estimates for the company, Mr. Kim asked Masco
> management to help with the installation of a new kitchen in his
> Westchester home. According to Mr. Boss's affidavit, Masco spent more
> than $10,000 sending materials and two high-level managers from Michigan
> to Mr. Kim's home for several days."
>
> And this is a subsidiary of Citigroup?
>
> With all that's gone on, these guys are either brain-dead, or totally
> brain-washed.
>
> Duke
>
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl
> Sent: Monday, August 12, 2002 12:05 PM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] analysts
>
>
> Well, those Wall Street weasels are still weasels, even after promising
> reform.
> Here is the link, since it requires registration, some people will
> probably not be able
> to get there or wish to register, so I've excerpted a couple of
> passages below -
>
> http://www.nytimes.com/2002/08/11/business/yourmoney/11BROK.html
>
>
> The two executives boasted that Salomon, Citigroup's investment bank
> subsidiary, had been the first to adopt reforms suggested by Eliot
> Spitzer, the
> New York attorney general, who is investigating Wall Street research.
> They
> also proposed additional moves that regulators might take to prevent a
> firm's
> investment bankers from exerting improper influence on its research
> analysts ..... As Mr. Boss tells the tale, in late June, after spending
> weeks on a report
> analyzing three office furniture companies, he was lukewarm about the
> stocks'
> prospects and assigned them a neutral and high-risk rating. He argued
> that
> until the overall business climate improved, demand for these companies'
>
> products would be lackluster. When two Salomon investment bankers and
> Mr.
> Boss's immediate supervisor saw the draft report, they demanded that he
> revise it to be more upbeat. Mr. Boss refused. A few days later, on June
> 27, he
> was fired. Mr. Boss, 33, was offered $24,230 in severance from Salomon,
> which he refused.
>
> Beginning on June 3, for example, the firm said that any fact checking
> by the
> investment banking division of draft research reports would be limited
> to the
> first research written about an initial public offering. Moreover, the
> rules said
> that any draft research sent to investment banking for fact checking
> "must
> omit the rating and target price as well as the investment thesis and
> valuation
> analysis sections."
>
> According to Mr. Boss, two Salomon investment bankers, Richard Moriarty
> and Marc Schneider, flouted those rules the week of June 23, demanding
> to
> see Mr. Boss's report, which was in draft form on his laptop computer.
>
> Stephen S. Kim, the analyst covering home-building stocks at Salomon and
>
> Mr. Boss's immediate supervisor, told him to put the report on the
> firm's
> internal network so it could be reviewed by the investment bankers. Mr.
> Boss
> protested, noting the firm's new rules. Nevertheless, Mr. Schneider soon
> went
> to the research department and reviewed the report on Mr. Boss's laptop.
> Two
> of the three office furnishings stocks that Mr. Boss had advised
> investors to be
> cautious of " Interface and Steelcase " had recently issued bonds that
> were
> underwritten by Salomon.
>
>
>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
>
>
> -
> -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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- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

------------------------------

Date: Mon, 12 Aug 2002 17:47:18 -0500
From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Which One Is Better

This is a multi-part message in MIME format.

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MessageHi Gene,

There seems to be conflicting information on this...See DGO's reply to =
my recent inquiry (7/31) about the very same thing:


- -------------------------------------------------------------------------=
- -------

Hi Katherine,

=20

Thank you for your recent email to Daily Graphs Online.

=20

I apologize, but the recent additions to our services have not yet been =
reflected in our Image Maps resource.  We plan on making the update =
soon.  TO address your question, I would like to confirm that the =
Composite Rating you see on our service is the same SmartSelect=AE =
Composite Rating that is provided by the Investor's Business Daily and =
investors.com.

=20

Please write back if you have any questions or need assistance.

=20

Best regards,

Dan

Daily Graphs Online

www.dailygraphs.com=20


  ----- Original Message -----=20
  From: Gene Ricci=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, August 12, 2002 4:06 PM
  Subject: [CANSLIM] Which One Is Better


  Let's see, IBD provides an Overall Rating and now DGO provides a =
Composite Rating. Has anyone determined which one is better?

  Gene

  The new SmartSelect=AE Composite Rating in Investor's Business Daily =
and
  the Stock Checkup Overall Rating found on investors.com are based on
  different formulas.

  The SmartSelect=AE Composite Rating combines all 5 SmartSelect Ratings
  into one easy-to-use rating.  More weight is placed on EPS and RS
  Rating, and the stock's percent off its 52-week high is also included =
in
  the formula.  Results are then compared to all other companies, and =
each
  company is assigned a rating from 1-99 with 99 being the best.  This
  rating is designed to help you get a quick feel for how a company's
  SmartSelect=AE Ratings compare to all other stocks in our database.  =
This
  is intended to be an additional tool to help you find the stocks with
  the highest SmartSelect=AE Ratings, quickly and easily.

  The Overall Rating in the Stock Checkup is determined by a proprietary
  formula incorporating all five of the Stock Checkup ratings. These are
  the Technical Rating, Fundamental Rating, Attractiveness Rating, =
Group's
  Technical Rating and Group's Fundamental Rating.  The Stock Checkup =
uses
  over 30 different variables including all the SmartSelect=AE Ratings =
to
  calculate the Overall Rating.  When using the Stock Checkup, focus not
  only on the Overall Rating but all 6 of the Checkup Ratings.  Also =
study
  how the stock compares to its group within the individual Checkup
  Ratings.

  =20




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<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Gene,</DIV>
<DIV>&nbsp;</DIV>
<DIV>There seems to be conflicting information on this...See DGO's reply =
to my=20
recent inquiry (7/31)&nbsp;about the very same thing:</DIV>
<DIV>&nbsp;</DIV>
<DIV>
<HR>

<META content=3DWord.Document name=3DProgId>
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<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">Hi Katherine,<?xml:namespace =
prefix =3D o ns=20
=3D "urn:schemas-microsoft-com:office:office"=20
/><o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: =
10pt">&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">Thank you for your recent email =
to Daily=20
Graphs Online.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: =
10pt">&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">I apologize, but the recent =
additions to=20
our services have not yet been reflected in our Image Maps =
resource.<SPAN=20
style=3D"mso-spacerun: yes">&nbsp; </SPAN>We plan on making the update =
soon.<SPAN=20
style=3D"mso-spacerun: yes">&nbsp; </SPAN>TO address your question, I =
would like=20
to confirm that the Composite Rating you see on our service is the same=20
SmartSelect=AE Composite Rating that is provided by the Investor's =
Business Daily=20
and investors.com.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: =
10pt">&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">Please write back if you have =
any questions=20
or need assistance.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: =
10pt">&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">Best=20
regards,<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: =
10pt">Dan<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt">Daily Graphs=20
Online<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle15><FONT face=3DArial =
color=3Dnavy=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt"><A=20
href=3D"http://www.dailygraphs.com/">www.dailygraphs.com</A>=20
<o:p></o:p></SPAN></FONT></SPAN></P></DIV></DIV>
<DIV>&nbsp;</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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </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@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, August 12, 2002 =
4:06=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Which One Is =

  Better</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3D"Comic Sans MS">Let's see, IBD provides&nbsp;an =
Overall Rating=20
  and now DGO provides&nbsp;a Composite Rating. Has anyone determined =
which one=20
  is better?</FONT></DIV>
  <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
  <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
  <DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
  <DIV>The new SmartSelect=AE Composite Rating in Investor's Business =
Daily=20
  and<BR>the Stock Checkup Overall Rating found on investors.com are =
based=20
  on<BR>different formulas.<BR><BR>The SmartSelect=AE Composite Rating =
combines=20
  all 5 SmartSelect Ratings<BR>into one easy-to-use rating.&nbsp; More =
weight is=20
  placed on EPS and RS<BR>Rating, and the stock's percent off its =
52-week high=20
  is also included in<BR>the formula.&nbsp; Results are then compared to =
all=20
  other companies, and each<BR>company is assigned a rating from 1-99 =
with 99=20
  being the best.&nbsp; This<BR>rating is designed to help you get a =
quick feel=20
  for how a company's<BR>SmartSelect=AE Ratings compare to all other =
stocks in our=20
  database.&nbsp; This<BR>is intended to be an additional tool to help =
you find=20
  the stocks with<BR>the highest SmartSelect=AE Ratings, quickly and=20
  easily.<BR><BR>The Overall Rating in the Stock Checkup is determined =
by a=20
  proprietary<BR>formula incorporating all five of the Stock Checkup =
ratings.=20
  These are<BR>the Technical Rating, Fundamental Rating, Attractiveness =
Rating,=20
  Group's<BR>Technical Rating and Group's Fundamental Rating.&nbsp; The =
Stock=20
  Checkup uses<BR>over 30 different variables including all the =
SmartSelect=AE=20
  Ratings to<BR>calculate the Overall Rating.&nbsp; When using the Stock =

  Checkup, focus not<BR>only on the Overall Rating but all 6 of the =
Checkup=20
  Ratings.&nbsp; Also study<BR>how the stock compares to its group =
within the=20
  individual Checkup<BR>Ratings.<BR><BR>&nbsp;<BR><BR></DIV>
  <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"></FONT>&nbsp;</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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