Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 9.660

-3.4%

Jan 13 3:59 PM EST

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To: Todd N. Weisrock who wrote (1868)	2/19/1997 3:05:00 PM
From: Hal Campbell	of 3256

Well Todd, actually there is a bit of pretty striking fairly recent news, as Gus pointed out. The one analyst estimating '98 earnings, came in at a buck per share. Now with the proviso that forecasting earnings that far ahead is a dicey business....but with the additional point that either a resounding KM success or a spectacular Mitsubishi suit win could make them even higher ... and using 35 cents per share as '96 earnings ...that means AXC is now trading at around 7 times projected '98 earnings, or a PE of roughly 10% its anticipated growth rate.Major firms, by the way, issued buys on stocks based on projected '98 earnings months ago. A PE of 50% the growth rate is a rare bargain .... but 10% !!??!! What I was talking about Todd wasn't technical analysis - much too simple for that. I just look at a past price which inspired ALOT of buying, and when a stock is falling I figure it probably will inspire ALOT of buying again ...and thus act as support. Doesn't replace the real progress of the companies or earnings involved, but it sure works moderately well when you are looking for an entry point. You might try it.

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