Mike,
Why wouldn't we be interested in a Buffett stock?
I think some on the thread may be interested in Buffett stocks, but value stocks as defined on this board seem to have tighter PE, P/Bk, P/S etc. valuation criterion than APCC. A PE of 19, P/Bk of @4.5, and P/S of @3 is not going to get much more than a glance from many value investors. I was saying this in effort to possibly explain potential lack of interest in this company.
Second, if I'm not mistaken, APC is the product of choice for corporate america and serious computer users because they wouldn't want to risk their jobs/livelihoods on anything else.
Yes, you're right here. In the marketing material APC sends out they mention reliability as the #1 quality customer's are looking for in a UPS, and something like 90+% view APC as the most reliable product - hence the current advantage. APC has a strong brand name advantage. I guess what I was trying to express was that I couldn't understand why APC couldn't be challenged by competitors on these grounds given the relatively high ROE APC enjoys.
Third, what is it in PC sales are slowing?
This is my own personal outlook. I've seen arguments for 20% unit growth for many years and other arguments for possibly even flat unit growth year/year. I guess I'm somewhere in between, but definitely in the "growth is slowing" camp.
when I see something I like in a store and like, but put it back in the shelf, I think I need to make more money
My wife thinks I should make more money too! <G>
In closing, I'm interested again in APCC at these valuations.
Shane
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