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Strategies & Market Trends : Three Amigos Stock Thread

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To: Cary C who wrote (475)	2/9/1998 8:24:00 PM
From: Cary C	Read Replies (1) of 29382

APCO....WOW!!!! APCO is starting to perform like we have anticipated it to. The good news is that it is still trading at an undervalued price. APCO has been trading between a PE of 25 and 30 for most of the last two quarters. Based on current earnings that puts the stock between $8.50 and $10.20. Currently its under $8. If you take next years CONSERVATIVE numbers of .42 you get $10.50 to $12.60. Apco has several things in the works that could enhance those year end earnings to .48 or .50. If that happens you are looking at $ $12 to $15. For those of you currently holding APCO and thinking about selling, here is something that I posted to the APCO thread for you to consider. It looks like some people that sold their shares and were trying to buy back in the low to mid 6's, might have missed the boat. At least without paying more than what they sold it for. Like I said earlier this one has lots of things happening right now. Trying to sell and re-enter could be expensive. Sergio and I were talking over the weekend about APCO. I think we are going to see a news release in the next couple of days. The volume today might be indicating this. I think one of several things will be announced. 1. New analyst coverage that I've been looking for. 2. Release of a new product that will open up a lot more doors and also allow for penetration of their existing dealerships. 3. One of the two items that Todd has said that they were very close to being done on. Since APCO likes to release news Tuesday thru Thursday, why did they release good news on Friday? I believe a possibility is that they have another announcement to release and did not want to release them at the same time. Several items were mentioned in the earnings release. Taking into consideration the conservative nature of this company, I don't think they would have been mentioned if they weren't ready to implement these items. The above is an uneducated guess on my part. I hope nobody takes it as " hyping ". I am curious to here other peoples opinions. Does anybody else agree or disagree? Cary

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