Applied Magnetics Corp 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 : Applied Magnetics Corp

APM 1.190

+5.8%

Dec 24 12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Ku who wrote (10514)	11/28/1997 11:43:00 AM
From: Don Earl	Read Replies (3) of 12298

Hi Gary, I've been tracking APM for several months, looking for some kind of sign that it was going to stop dropping like a fat rock. What I use for TA is relativly simple. Although I've had pretty good luck using it to track other stocks, it is by no means foolproof. I enjoy the exchange of information and the sharing of views that occur on the threads, and while I intend to continue expressing my opinions, we all know what opinions are like and who has them. I don't consider anything I may say to be investment advise and sincerely hope nobody else does either. I haven't had the time to do the kind of in depth analysis into the industry that many on the thread have done, but so far I can't find anything that would suggest that APM is anything other than very solid company. It's been around for 40 years and has a proven a history of being able to meet changes in technology and market conditions. From the information I can dig up this is still true. The company has turned the remarkable profits of the past year into book value of the stock. Book value is 50% higher than it was the last time the stock bottomed out around $8 last year. Looking at a 5 year chart it appears that traditional lows occur in the fall which causes me to suspect that this is a normal business cycle for the company. In general I tend to take a contrarian view of analysist opinions of stocks. Almost without exception they will tell you that a company is good when that stock is at it's highest point and bad when it is low. Unless a person is looking for a tax loss that probably isn't the best advise to follow. I also believe that most analysists that cover a company probably have their own agenda and their interests and mine may not always be the same. From what I can find there are only two analysists covering APM which doesn't give a very good consensus when estimates are as far apart as they were last quarter. Both are pretty close together for this quarter so there shouldn't be the kind of shocking surprise that many experienced last quarter. Going forward the company should remain profitable and continue adding book value to the stock. So far today it looks like we have confirmation of support at 16 and a double bottom. It's too early to tell if we'll get the kind of gap filling moves I'd like to see, but early indications look good. Regards, Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next