Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.08

+4.5%

10:47 AM EST

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To: flickerful who wrote (3128)	8/2/1998 12:17:00 PM
From: Hal Campbell	Read Replies (2) of 17679

<<am i just missing the whole point here?>> Not at all, Randy, and thanks for your comments. really enjoyed them. I am just beginning really to look at other stocks again. Except for AXC and a little WRIT I have been out of the market altogether for almost a year now. I should be more responsible in my posts.Was just being playful.Almost by definition,showing up on that screen is not particularly an enviable state for a company because it usually means their share price has not performed and the market has no confidence that they will use their assets well. ( And I had to artificially add AXC to the list due to their recent borrowing - for some reason the Power Investor database has not yet incorporated their '97 results.) BTW I can only assume GWOX and JPMC have been purchased already. For good reason....so if the market doesn't recognize value for a long enough period - somebody gobbles it up. AXC HAS, despite the years of shrinking revenues, managed to get an excellent multi yea,r net return on assets. I suspect they will buy wisely ( I continue to consider the MicroNet acquisition a superb deal ), and will squeeze a fine net out of any acquisitions eventually. So when they sit there with cash that they have 5 years to effectively employ - I am heartened.) My next screen with this toy- which I have owned a year but seldom used- will be for stocks with 3 year top and bottom line growth...very sound balance sheets .... but with share prices that have grown less than half of the growth rate. And results, if any, will just be a starting point. I used to have little respect for the markets short term opinion on a stock. My AXC experience has humbled me in that regard. A little anyway. Not enough to sell AXC.

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