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Technology Stocks : Applied Magnetics Corp
APM 1.000-5.7%10:24 AM EST
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To: Epics who wrote (10123)11/3/1997 5:18:00 AM
From: Gary Ku  Read Replies (1) of 12298
 
The so called major brokers estimates have been wrong all the time,
why you still care about their estimates? APM's production facilities
are designed in such a way as to be able to modify easily to new
products.

The R&D for TFI heads is out and for MR heads is going down. With the
hiring of two new specialists with numerious of patents and lots of
recording heads experiences, one can expect the best MR heads and
beyond will be produced and the leadership in recording heads will be
established.

APM has been able to sell every head it produced, that's why it is
increaing its employees by 50% in a short time. You can reasonablly
believe that the earnings will increase by 50%. The pricing pressure
will not hurt APM so much as to the other suppliers as APM's products
are exacting to customers's needs.

APM's management is strong and smart, the street will notice this and
give the PE it deserves. The earnings will beat the estimates by 50%,
because the streets didn't take the 50% increase in the number of
employees into account. The PE will be higher to 15, as the street is
inevitablly will recognize Crisman's capability and ambition.
3.225X15=48.375. That's the price APM is heading for in near term.
long term will be 75. IMHO

I suffered big loss later on APM and not happy with it, but stocks
are stocks, the risks are always there, so do the reward. If the
prices are always reasonable who can get hugh profit? Buy when it is
way under valued and sell when it is way overvalued. Do your research
carefully and don't be played by the so called analysts who are hired
by special interest groups not you and me.
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