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Non-Tech : APCO Automobile Protection Company

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To: Cary C who wrote (2436)8/4/1998 10:35:00 AM
From: Jack Mills  Read Replies (4) of 3351
 
Cary,
Enjoyed your insight on APCO. I was wondering if you or anyone knows what investments APCO is doing with the 26,500,000.00 they have in cash. If they have no debt, not looking to buy anyone, not buying back stock or give dividends what are they doing with the money?
One, are they taking to much risk with that money?
Two, how much of the bottom line is coming from that money?
Three, what are their plans with that money?
I'm wondering if this is a clue to why they are moving down.
I have other questions but for now I would like you or anyone that contacts this company to please ask them.
If they are buying stocks with that money which stocks are they buying, if the market goes down what would happens to APCO stock?
Thanks, Jack
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