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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Sergio H who wrote (1557)4/26/1998 10:30:00 PM
From: Sergio H  Read Replies (1) of 1923
 
The stock sells at a 23% discount to the Defense sector
avg. PE of 18 and an even larger discount to the Aerospace
avg. PE of 19. Hoak's estimates for ATPX are 7% growth for this
year, which I think needs to be revised and 47% for next year.
Some other stocks in the same sector and a comparison:

stock.......PE.........Next year growth rate..........this year's growth rate
HEI..........56..........26%......................................30%
FAVS......10..........-5%.........................................0
HPAC......53..........43.5%...................................N/A (ipo at 8.0/share in Jan.)
AVTM......19..........44%......................................N/A (ipo at 8.5/share in Oct.)
PCTH......19..........25%........................................88%
BAR........29..........19%.........................................-3%
KVHI.......11...........54%.........................................-7%
ATPX.......15..........47%..........................................7%

ATPX's present growth rate should be adjusted upward. Even without adjustment the stock deserves some attention in comparison
to the other stocks in the above table. The two IPOs are good examples of how this stock could be received by the investment
community, once proper exposure is obtained.

Sergio
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