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Technology Stocks : American Power Conversion

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To: 4finger who wrote (2398)10/27/2000 5:09:34 PM
From: BWAC  Read Replies (1) of 2574
 
Here's a little list of things I feel are important but the market could care less about:

1.) 30 cents missed earnings target. Big deal. I'll take $1.20, at a 20 PE. That would be a fair price.

2.) The market is compressing all PE's. Down to around 10 right now for APCC. When PE's expand again this is a company I want to own.

3.) No debt. No debt. An absolutely stellar balance sheet.

4.) Products? The best. Period.

5.) I don't know what else to do DD on. It is under 13 and priced for failure. Which is the best time to buy a quality company. I heard the future guidance. Again Big Deal. It is at least overpriced/overdone in the stock by $5.

6.) Now a $2.4 Billion company. $1.5 Billion sales. I like that ratio.

7.) An old favorite trader has returned to low prices. Buying with both hands. I may be early, but APCC is a solid company, with solid products, and no debt. And that will attract some attention soon one way or another.
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