From: Gene Ricci <genr@swbell.net>
Subject: [CANSLIM] AvgVol
Date: Mon, 08 Jul 2002 21:57:55 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0221_01C226CA.83A23450 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, do you have an upper limit on AvgVol? Many thanks, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, July 08, 2002 9:48 PM Subject: Re: [CANSLIM] "M" Correct, but apparently the perception in the industry was that = revenues were more important than earnings, because the larger your = sales, the better a deal you were likely to swing from providers and = vendors and clients. Thus a 10% inflation of revenues made you look = bigger than reality, and suggest Medco, in this case, would extract = better pricing, be able to pass some of that savings along to its = clients (employers), thus further increasing business while eventually = helping profits and profit margins.=20 Merck's justification for this was that they believed they were = responsible if they misstated the patient's co-payment requirement (e.g. = told a pharmacy to collect $5 when it should have been $10), but = apparently this was not a true liability nor one ever paid by Medco. I really found it interesting that a big 4 accounting firm would sign = off on one company's financial treatment of this issue, then sign off on = another company handling it totally differently. - ------=_NextPart_000_0221_01C226CA.83A23450 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> <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">Tom, do you have an upper limit on=20 AvgVol?</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Many thanks,</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></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=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</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, July 08, 2002 = 9:48 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = "M"</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>Correct, but apparently the perception in the = industry=20 was that revenues were more important than earnings, because the = larger your=20 sales, the better a deal you were likely to swing from providers and = vendors=20 and clients. Thus a 10% inflation of revenues made you look bigger = than=20 reality, and suggest Medco, in this case, would extract better = pricing, be=20 able to pass some of that savings along to its clients (employers), = thus=20 further increasing business while eventually helping profits and = profit=20 margins. </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Merck's justification for this was that they = believed=20 they were responsible if they misstated the patient's co-payment = requirement=20 (e.g. told a pharmacy to collect $5 when it should have been $10), but = apparently this was not a true liability nor one ever paid by=20 Medco.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I really found it interesting that a big 4 = accounting=20 firm would sign off on one company's financial treatment of this = issue, then=20 sign off on another company handling it totally = differently.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0221_01C226CA.83A23450-- - - - -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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