> i-club list 361started with: > <This is a multi-part message in MIME format.> > Sorry this isn't investing but what is MIME format > and how do you read it??
Mime = Multimedia Internet Mail Extension And it is a way to send files that aren't text via internet mail. Don't worry about reading or not reading it, at least as far as I-CLUB-LIST is concerned. Messages posted here should be entirely text. The one you noticed, if I remember correctly, was caused by a subscriber's mail service incorrectly sending error messages to the list, instead of the list owners (that's Bob and me). If you're really interested in learning about MIME, a good place to start (but I'll warn you, its pretty technical) is http://www.cis.ohio-state.edu/text/faq/usenet/mail/mime-faq/top.html -- Dennis R. Sherman NAIC WebOp [EMAIL PROTECTED] http://www.better-investing.org >From [EMAIL PROTECTED] Tue Oct 15 14:49:11 1996 Received: from wheel.dcn.davis.ca.us ([EMAIL PROTECTED] [168.150.253.1]) by www.better-investing.org (8.6.12/8.6.12) with ESMTP id OAA26135 for <[EMAIL PROTECTED]>; Tue, 15 Oct 1996 14:49:10 -0400 Received: by wheel.dcn.davis.ca.us (8.6.11/UCD3.4) id LAA20062; Tue, 15 Oct 1996 11:49:32 -0700 Date: Tue, 15 Oct 1996 11:49:31 -0700 (PDT) From: Tom Byrne <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Subject: Olsten revisited In-Reply-To: <[EMAIL PROTECTED]> Message-ID: <[EMAIL PROTECTED]> MIME-Version: 1.0 Content-Type: TEXT/PLAIN; charset=US-ASCII Olsten Corp (OLS - NYSE) was BI's June, 1996, Undervalued Stock - even though at 31-1/4 it was near the top of it's previous 53-week trading range. I didn't consider it for that reason. Yesterday, however, it was at 22-1/4. I did another SSG on it and estimate it to be within the buy range (based on 25%-50%-25%). Here are my estimates: 3-5 year sales growth: 13% 3-5 year earnings growth: 12% Projected high: 58.80 Projected low: 18.80 (maybe too low) Top of BUY range: 28.80 (today's price: 22-3/8) Relative Value: 70.3% Projected Rel Value: 62.8% Upside/Downside: 10.5 Estimated Total Return: 22.4% Comments? Tom >From [EMAIL PROTECTED] Tue Oct 15 16:30:34 1996 Received: from nemo.mth.msu.edu (nemo.mth.msu.edu [35.8.72.8]) by www.better-investing.org (8.6.12/8.6.12) with ESMTP id QAA26783 for <[EMAIL PROTECTED]>; Tue, 15 Oct 1996 16:30:34 -0400 Received: from juno by nemo.mth.msu.edu (SMI-8.6/SMI-SVR4) id QAA12911; Tue, 15 Oct 1996 16:30:32 -0400 Received: from localhost by juno (SMI-8.6/Pan-1.0) id QAA12745; Tue, 15 Oct 1996 16:30:31 -0400 Date: Tue, 15 Oct 1996 16:30:27 -0400 (EDT) From: David Winter <[EMAIL PROTECTED]> X-Sender: [EMAIL PROTECTED] To: Multiple recipients of list <[EMAIL PROTECTED]> Subject: Re: [I-CLUB-LIST:4659] Olsten revisited In-Reply-To: <[EMAIL PROTECTED]> Message-ID: <[EMAIL PROTECTED]> MIME-Version: 1.0 Content-Type: TEXT/PLAIN; charset=US-ASCII On Tue, 15 Oct 1996, Tom Byrne wrote: > Olsten Corp (OLS - NYSE) was BI's June, 1996, Undervalued Stock - even > though at 31-1/4 it was near the top of it's previous 53-week trading > range. I didn't consider it for that reason. Yesterday, however, it was > at 22-1/4. I did another SSG on it and estimate it to be within the buy > range (based on 25%-50%-25%). Here are my estimates: > > 3-5 year sales growth: 13% 3-5 year earnings growth: 12% > Projected high: 58.80 > Projected low: 18.80 (maybe too low) > Top of BUY range: 28.80 (today's price: 22-3/8) > Relative Value: 70.3% Projected Rel Value: 62.8% > Upside/Downside: 10.5 > Estimated Total Return: 22.4% > > Comments? Tom > Olsten's current price of 22 1/4 does seem interesting. I got figures close but a little lower that yours. Rather than the average high PE of 26, I thought the average PE of 21 was more reasonable. This lead to a forcast High Price of 51.4 using the 12% EPS growth rate. With a 18.10 for Projected Low, you get 7.0 for the Upside Downside ratio. Some of the public worry about the stock is indicated in the following article. (Dow Jones, Sept. 18, 1996) In downgrading Olsten Corp. to moderately attractive from buy, Robert W. Baird expressed concern over the company's healthcare segment, not its temporary staffing division. In a research report, the firm said revenue in Olsten's healthcare segment have declined in every quarter for the past 10 quarters. "Despite mitigating circumstances which we have stressed, such as the effect of hospital management contracts and some divestitures, the preponderance of evidence indicates that this business is having a difficult time growing", the report said. Baird cut its outlook for Olsten's third-quarter net income to 40 cents a share from 42 cents, compared with the 53 cents [VL says 36 cents] it earned in the year-ago quarter. Baird cited uncertainties about Medicare and the shift to manage care as factors eroding Olsten's growth opportunities. Dillon Read's Weise said these concerns also affect the company's gross margins. An Olsten spokesman said it is the company's policy not to comment on stock activity. Market players said today's activity wasn't related to the negative outlook the No. 1 temporary staffing company, ManPower Inc. (MAN), announced yesterday.
