Nice thread. I've owned some AXC for going on 16 months now.Some of the reasons I'll continue...balance sheet under control, continuing growth of manufacturing profits even during this transition year,4 profitable products,likely kick up in royalties from litigation,ferocious expense control,patent potential for revenue generation (KM being their first serious try), DST likely to benefit from completion in '97 of the "virtual disk" software support,far from a crazy spectech PE-even at its June highs,a CEO with a huge position,and steadily increasing demand for visual storage in many sectors. In my opinion Ampex is a good to outstanding long term value.
The CEO's purchase at 1.70 per share was what first caught my eye. My understanding then was that it pushed his holdings to over 8 million at that time - over a year and a half ago. The June 6th SEC filing was a restatement of previous filings. The only new purchase involved was by the CFO, in May, at a little over 9 a share. Thus I think Stocksmart is in error, but I'm not certain.
And to Lisa ! Please keep posting your broker's info Gal ! If KM doesn't work out, we'll need somebody to blame. Thanks.Good luck (and patience) to all.
Hal Campbell |
