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Technology Stocks : American Power Conversion

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To: The Ox who wrote (2383)8/10/2000 7:44:11 PM
From: The Ox   of 2574
 
Even though I'm optimistic about APCC's future, we must keep an eye on the numbers. Rising inventories and an increase in the A/R aging are indicators of possible trouble brewing. We've seen some of these early warning signs in the last 2 quarterly reports. Along with the reduced guidance by the company, these issues are causing dark clouds on the horizon. The bottom line for me was, are these issues so severe that the company's stock price deserved to be cut by 60%? The answer I came up with was "no". Therefore, I reentered my position when the stock hit my "value" target of $22/share.

Just my 2 cents!

Michael
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