Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.340

-0.4%

Dec 8 3:58 PM EST

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To: Jonathan Bird who wrote (10604)	12/10/1997 6:55:00 PM
From: Jonathan Bird	Read Replies (2) of 12298

Anyone remember this? This was my target. We will surely reach it now. Are there any shorts out there who can justify a lower target near term? A more recent example would probably be in '96 when the stock traded as low as 130% book value after APM earned .10 for qtr. They were able to patch it up the next qtr with record earnings, so it didn't have a chance to go lower. But I sincerly believe we are looking at the posibility of at least to ruff qtrs for APM. The second probably being worse then the first. I calculate APMs book value now to be 9.4. If we were to get a 130% book value we would go to 12.22 share price. Jon Bird

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