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Technology Stocks : American Power Conversion

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To: douglas hurd who wrote (1481)6/19/1997 7:26:00 AM
From: w0z   of 2574
 
Douglas, that is the right way to be thinking. APCC is very conservatively priced at 20X trailing earnings. There is every reason to believe APCC will continue to improve margins compared to last year and that growth will be at least 20% for the coming year. If you are happy with a 20% return, just forget about the stock for a year and it will probably be at least 20% higher a year from now. And this is not to mention the upside if they are closer to 30% growth which would imply PE improvement resulting in a return closer to 50%. This is not a get rich quick strategy but I have yet to see many technical analysts showing up on the Forbes list of richest individuals. If TA really were all it was cracked up to be, there would be many of these guys on the Forbes list. I think you usually only hear about their successes and not their failures on Silicon Investor.
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