Undervalued Stocks = Low P/E to Growth Ratios Message Board

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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: Christine who wrote (197)	9/21/1997 4:43:00 PM
From: Mason Barge	of 297

Ivy: I've just spent hours doing a thorough work-up on APM. This one's a no-brainer. WDC's recent 10K states that it expects its production capacity to be constrained by short supply of headstacks, and WDC is APM's #1 customer! Good Lord, what do we need, a neon sign? This is tantamount to saying "we'll buy as many heads as Applied can give us". As far as I can tell, the stock is down for two artificial reasons: First, the "seagate flu", and second, a flood of short sales and/or conversions by holders of convertible debentures. Nice time to buy. They should be at 100% capacity at this time and for the next few months, getting ready for Christmas. And the depressing effect of the additional shares for sale should be gone.

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