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Technology Stocks : Ampex Corp: Digital Storage
AMPX 10.01+5.6%Jan 12 3:59 PM EST

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To: lostmymoney who wrote (1877)2/19/1997 6:58:00 PM
From: Hal Campbell   of 3256
 
Look to the nonpareil Gus, James, Wayne, Hugh and others on this board for research Mike. I've been way too lazy for my own good lately. Baldly stating that AXC is trading at 10% of its growth rate is misleading of course because I am talking about that '98 estimate in establishing PE. However, stocks like Cascade were given strong buy ratings by major houses in the fall on the very days that they were already trading at over 50 times PROJECTED '98 earnings. So the point is that we won't just get earnings growth in AXC ...because if it grows - I sure think it will - we will also get dramatically expanded valuations. Good to keeper in mind here that this is a growth company that has not really begun to grow gross revenues yet.To me, everything I look at suggests that they will. Corporate momentum is excellent, and they have many possible avenues to a series of positive earnings surprises.
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