Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (31718)	7/23/2001 11:36:38 AM
From: Softechie	Read Replies (1) \| Respond to of 37746

The Bar Of Expectations Is Low (CSFB Tom Galvin) While some surveys suggest an atmosphere of optimism towards equities, what people are doing is vastly different than what they might be saying. No one is chasing stocks. Money market funds are taking in $5 for every $1 into eq- uity mutual funds. Money market fund assets recently eclipsed the all time high level of liquidity relative to equities, using the Wilshire 5000 Index, seen in 1982 when the great bull market was beginning and interest rates were in the high-double- digit range. Cash funds now provide inferior returns of less than 4%, which is an unlikely holding tank for too long. Bond funds are absorbing inflows comparable to equity funds for the first time since 1991. Tech sector funds have experienced outflows in three of every four weeks since November 2000 (including the April Nasdaq rally). This is unprecedented. Margin debt is down 40% from peak levels and is not growing suggesting that speculative in-terest is dead. The S&P 500 earnings revisions ratio (upward estimate in- creases divided by downward cuts) is at a level comparable to every major market trough in the past two decades. From these revisions levels, low expectations have historically provided 20% to 25% stock price apprecia- tion six to twelve months later. Since fund flows follow rather than lead performance, contrarians should be bullish!

To: Jim Spitz who wrote (31718)	7/23/2001 11:38:25 AM
From: cvn2	Read Replies (1) \| Respond to of 37746

Jim, can you provide the name of the real-time futures site again? Thx.

To: Jim Spitz who wrote (31718)	7/23/2001 2:51:58 PM
From: Softechie	Read Replies (1) \| Respond to of 37746

Jim, Quit dining at Famous Dave's. You're making it rich! Famous Dave's of America (DAVE) gained more than 6 percent after the Minneapolis barbeque restaurant firm reported second-quarter earnings of $1.4 million or 13 cents a share, edging Wall Street expectations by a penny. Revenue totaled $22.8 million for the period, a 22 percent improvement from last year. Same-store sales rose 3.1 percent, while average weekly restaurant volume advanced 5.7 percent to $48,700. Looking ahead, Famous Dave's said it expects to earn 11 to 13 cents per share on revenue of $23 million to $24 million in the third quarter and a profit of 35 to 38 cents a share on revenue of $90 million for the year. Analysts polled by First Call/Thomson Financial are currently looking for earnings of 10 cents and 38 cents, respectively. Famous Dave's also confirmed plans to open six to eight new company locations and 10 to 12 new franchise locations in 2001.