Jim,
Patience is the most important tool an investor has. I bought APCO because the management is exceptional, because they have a great plan to increase earnings, because they have proven they can execute the plan, because it is not overvalued, etc.....
Unless those things change, I will continue to add more or hold what I have. It would have been nice if the earnings report pushed the price up above $8, but market action doesn't directly correlate with logic. A couple of weeks ago, there were some folks saying they would sell in the sixes, I said if you bought you would end up looking like a genius. I stand by that.
APCO is a winner, the Sonic deal has even more potential than the Honda deal (according to Larry Dorfman), the service level of APCO is way better than its competitors, ..... I could go on. Volume may fall off some, but that doesn't mean the price won't advance. Look at the past, APCO has a history of going down on the day it reports, then making a nice steady advance between reports.
I am excited about the report and absolutely believe the next few months will see a very strong advance in price.
See ya,
Jack
jack@jackm.com
jackm.com
Jack's Picks
PS: I had two good news items yesterday.... the APCO earnings report and ... I am a Grand Father for the first time! A girl.... What a great day!! |
