American Power Conversion Message Board

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Technology Stocks : American Power Conversion

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To: BWAC who wrote (2494)	4/2/2002 9:34:44 AM
From: JakeStraw	Read Replies (1) of 2574

Q: Early on you cited APCC as a favorite in, if I recall correctly, the consumer area, but isn't that a tech stock? A: Good question! It looks like a tech stock, because American Power Conversion makes the power-surge strips into which we all plug our computers. They also make the battery backup supply boxes for servers and computer networks. So APCC, while closely related to the tech industry, is still a manufacturing stock, but I think a very good nontech way to play tech. They are the industry leader, the chart pattern is very positive, they are almost $3 billion in market cap. Earnings growth over the next five years is expected to be 13% to 14%, and the stock is selling at 16 times next year's estimates. This is a well-managed company whose shares are selling at what I would consider compelling prices. biz.yahoo.com

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