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Non-Tech : ATAC- Automobile Parts That Appears to Be Rolling!

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To: Earl Falwell who wrote (37)10/17/1998 8:36:00 PM
From: Arthur Radley   of 63
 
Just finished next week's Barron's magazine. I found the following interesting as it applies to ATAC.

Barron's shows the new earnings projections for this year to be .81 cents and projections for 1999 to be 1.07. Considering all the new factors(inventory issue) these numbers look very realistic. Also, in the issue was an interview with a major Wall Street guru and one of the stocks he was suggesting was Keystone(KEYS). This company is in the same market as ATAC and they also have been experiencing inventory problems. What is interesting about KEYS is the fact that it has a book value of about $7.00 with a PE of 17 and trading at about 18.00.
Considering this fellow is recommending KEYS and then you look at ATAC's near 9.00 book value and trading at less than $5.00 and a PE of 4.

If ATAC can generate the $1.07 in '99 and sport a 17 PE like KEYS, IMO it is a bargain of a lifetime at these current levels.
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