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Re: will we have to wait as long as Fannie Mae did before AXC gets noticed? I think not, provided they can start coming thru with 100% earnings growth this year. FM struggled with losses and downs in eps in early 80's, and was growing at 12-20%/yr, not 100% possible with surging DSTand KM. I was sure the mere forecast of eps growth would send AXC to the teens at least, maybe 20-30's, but so far I've been dead wrong, in fact I feel about 6 13/16 feet under! However, time will tell. This type of growth, even forecasted growth, is extremely unusual, rare, and, once found and confirmed, brings hot money from all over. Seems like here we'll at least have to wait for the 10K for even a little pop up, and a renewal of November 22/23 analyst reminder that this baby is a hot item. barring another soon KM announcement, or a market selloff, I'd think strong eps comparisons in 1Q and 2Q will at least make themselves heard above the din and roar of what's obscuring this extreeeeeemely cheap baby small cap. Read just today that Vanguard's S&P 500 Index is the nations biggest asset collector fund. People are throwing in the towel temporarily, and way belatedly, on active management. The crowd is late to the party, as usual. What I'm surprised by week after week is how early we are to this party. Befuddles me, i'd have never predicted it, am sure suffering under it at times, but never fear, the calvary shall be here, unexpectedly late of course, but nevertheless here. This won't be selling at 0.6 or 0.8 pe in '99! |
