Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.260

-3.1%

3:59 PM EST

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To: fermin marco marcos who wrote (11105)	12/21/1997 7:06:00 PM
From: Jonathan Bird	Read Replies (2) of 12298

i'm a bit confused at present, because of two different sets of opinions/references about this company: Yeah wouldn't it be eaiser if the thread could just agree on how things are going so you could decide what to buy? :) Don't dispair however. There are good ideas comming from all sides. The longs on the thread are unusually tolerant(for SI) of the shorts. 1) It seems that most of the people in this thread are absolutely pessimistic about the future of APM, the company being headed into bankruptcy I don't mean to give the impression that I think APM will fall into bankruptcy. Only that they will have trouble keeping as much cash on hand as they need to spend in this critical transition period. But I fully expect them to issue more shares to do so. <i/>Are these estimates absolutely non-sense? Those are the Zacks Estimates. They CLAIM to be current as of the 15th accordign to Zacks. But the current First Call Estimate are .82 loss for FY98, .78 loss for FYQ1 98, and .40 profit for FY99. I don't know how to explain the diference. But if they are both current then that would imply that there are twice as many analysts covering APM then there usually are. So I am assuming the Zacks estimates to be old. The .82 cent loss on the year seems resonable. But I can't justify the .78 cent loss for this Qtr. I don't think it will happen. Maybe next Qtr though. Which information are the brokerage recommenfdations based upon? The standard Magic-8 Ball of course. And the occasional under the table EPS forcast from the CEO. Now is not the time to buy. My current mid-long term downside taget is ruffly in the 7-8 area. Jon Bird Short APM

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