APCO Automobile Protection Company Message Board

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Non-Tech : APCO Automobile Protection Company

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To: Amigo Mike who wrote (630)	12/28/1997 12:44:00 PM
From: Doug R	Read Replies (2) of 3351

Mike, APCO is at a great point in its history right now with everything falling into place. As long as a reasonable forward P/E is maintained, it should be a nice steady climb like we saw in IFCI early this year. I've been looking for cos. with no Asian exposure also. I think the best will be in areas unaffected by the worry that economic growth might grind to a halt. With APCO set to hit the sweetspot in growth, they will be well shielded by their used car warranties while continuing to increase revenues consistently with no pressure on margins. As for price projection I use a micro-version of the IL rather than turning the triangle since it gives me a way to track the timing of a move a bit better as it uses the micro-IL as resistance on the way up. Coupled with slightly more traditional support line drawing, I can pretty much "see" the track it should take on most breakouts. APCO has 2 or 3 weeks to get to my initial POW projection of 8 5/8 for the short-term. Intermediate, I think, was 12 to 12 1/2 but that seems a bit conservative all of a sudden. I'll have to stare at the chart some more for that I geuss. Doug R

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