Ampex Corporation (AEXCA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.71

-3.9%

3:05 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: flickerful who wrote (3083)	7/28/1998 6:31:00 PM
From: Hal Campbell	Read Replies (1) of 17679

Well said, Randy. Now that I am glued to this porcupine, one thing that I am afraid ( very afraid) will make me itchy to buy some more if it should approach say 1.25 ( what a luxurious penny stock!) .... There are inevitable surprises in stocks of course, and I am sure we all try to buy ones in which the odds favor that most of those surprises will be pleasant. AXC seemed that way a few years ago. But for the last couple of years we were faced with the dilemma that one unfortunate thing was a known ( TV aftermarket revenue decline ) and all the potentially happy possibilities were unknowns. In the present situation, part of that outlook has done a 180. Now we know sales are not good, but we also know revenue, with the Micronet acquisition, is about to increase - for the first time in many years.For the first time in many years we KNOW something good is about to happen. Say a minimum of 85 million in revenue ( and that would be a likely worst case ) from a year beginning in the third quarter of '98. take 75 % of that as a capitalization. Divide by say a dilution to 55 million shares. 1 and 3/16? Roundabouts. I only look at revenues when a stock gets this low...the only fear of negative earnings for awhile is bankruptcy ...and sitting on all that cash - AXC is not going bankrupt anytime soon. The general direction from a price that low ...with any kind of additional acquisition at a fair price ...would very likely be up. Very likely over time. Of course I also believe that is true from today's price - or I'd be more scared right now than I am. Any one know the Amex listing requirements? Is AXC going to be forced into a reverse split by this decline? That is not always a disaster. Might even be a good idea at some point for this particular stock. Owned stock in a company called Sunward Technology several years ago ..bought it at a pe of 2, BTW.....they were forced into a reverse split...then taken out 6 hair raising months later at a nice premium by Connors Peripherals..later Connors, of course, was gobbled up by Seagate ...and so on in the tech world fandango. If I ever sell AXC, I think I will stick to nice rock quarry and diaper companies. Sorry...lol..I'm babbling.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next