American Power Conversion Message Board

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Technology Stocks : American Power Conversion

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To: OldAIMGuy who wrote (2382)	8/8/2000 5:35:21 PM
From: The Ox	Read Replies (1) of 2574

Hi TV and P, I would like to add that I'm very confident that the company will be able to meet estimates since they've reduced expectations recently. Over the past 2 years, the company has been very conservative on forward guidance. At the beginning of each of the last 2 years they have said they "feel comfortable" with EPS growth guidance in the 20 to 25% range for the year. In both cases, EPS growth exceeded 30% when all was said and done. The stock currently has a trailing PE of about 21. IMO, the stock price is now discounting the forward guidance recently given. When the company "warned" the street recently, they reduced expectations for the year by only a few pennies. I understand the sell off reaction but I also see a nice opportunity for those who can look past the short term negativity. I know I'm biased but I also believe I'm realistic. JMO Michael

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