AFC Cable Systems (AFCX) Message Board

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Non-Tech : AFC Cable Systems (AFCX)

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To: Rick Slemmer who wrote ()	1/4/1997 3:53:00 AM
From: Sid Turtlman	of 42

Rick: I know it and am long a bunch. First heard about AFCX from a friend who is one of AFCX's customers, an electrical distributor. She bought the stock in the low teens and, more important, just bought some more over $25. Demand for AFCX's specialty cable has been growing fast despite the doldrums in commercial office building since the boom of the 1980's. Commercial rents have been jumping in a number of cities, so office tower construction should pick up again, adding even further to demand. Even here the stock has a low multiple (I think the guess for 1997 eps is $1.75 although I think it could come in a good bit better) and the company has a huge pile of cash on the balance sheet. The next few comparisons should be easy - I see the stock well into the $30's before the year is out.

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