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Non-Tech : APCO Automobile Protection Company

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To: Amigo Mike who wrote (3221)	3/19/1999 10:36:00 PM
From: Elmer Rauckman	of 3351

Mike, thanks for the input. We used to believe that the growth rate and P/E should be about egual. If that still has any validity and the EPS is 0.70 this could/should be a $28 stock. I recall holding Intel with a P/E of 10 or so about 5 or 6 years ago wondering when people would realize it deserved a bigger multiple - Of course Intel is a "large cap". Someday the small caps will catch up, I just hope I can hold on that long. APCO will go to $28 (and beyond) as long as the growth continues, anybody wanna start a pool as to when? Trade well EJR

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