AFCO: Applied Film, Undiscovered Gem? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AFCO: Applied Film, Undiscovered Gem?

AFCO 8.650

0.0%

Jul 10 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SemiBull who wrote (173)	5/23/2002 7:09:21 PM
From: SemiBull	Read Replies (1) of 238

Applied Films tumbles on Well Fargo downgrade (AFCO) 17.42 -3.03: Has traded down sharply in reaction to pre-market downgrade by Wells Fargo Sec to MKT PERFORM from Buy. Firm believes Coca-Cola may be actively seeking alternatives to the Applied Films system. Specifically, firm believes Coca-Cola is exploring the possibility of outsourcing the coating process altogether by having a third party coat unmolded PET blanks with some type of barrier film. Wells is cutting its FY03 est to $0.45 from $0.61. Firm now values AFCO at $18.50 vs previous target of $28. Applied Films defended by CIBC (AFCO) 18.44 -2.01: -- Update -- CIBC is defending AFCO after Wells Fargo downgraded the co over concerns about their KO contract (see 10:32 comment); CIBC says that although the KO contract was part of the growth story, it made up only a small part of the firm's 2003 ests for AFCO. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next