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Strategies & Market Trends : A.I.M. PIC List (Perverse Investment Candidates)

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To: OldAIMGuy who started this subject4/26/2001 4:04:32 PM
From: OldAIMGuy   of 127
 
Somehow I missed adding ADCT to the list a few weeks ago. I've now remedied this in the PICs.

I own ADCT and have for about three years. It had amassed a nice level of profits for me up until mid year, 2000. Now the apparent profits are all but gone. Using AIM to manage the account I now own 7 times as many shares as I did when the account was started. So, needless to say should ADCT recover any of its former appeal, I should do very nicely.

Revenues have been growing nicely and steps have been taken to reduce some internal costs. This should help the bottom line eventually. Since I'm a long term investor I consider the industry's problems temporary and therefore ADCT's as well. At about twice Book Value, it's not yet "cheap" but is reasonable. Certainly much more reasonable than last year when it was about 10 or 12 times Book.

Best regards, Tom
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