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Non-Tech : APCO Automobile Protection Company

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To: Jack Mills who wrote (3265)5/3/1999 8:15:00 AM
From: Robert DeHaven  Read Replies (2) of 3351
 
APCO isn't going to trade like an internet stock and go up 100% in 1 or two months. However it will continue to give a decent return on your money Whenever the stock trades belo a 20 PE which I think is fair value I look at APCO. Right now at a 13 PE its cheap. I dont't expect a 100% gain on my 8 3/4 purchase recently but the stock will trade 10-12 over the next 3 months. That's a decent return.

Institutions and insiders own over 50% of APCO. There is no insider selling. The company's balance sheet is stellar. I am patient and will hold until the pe begins to out pace its growth rate.

Someday small caps like this will get more interest than they have in the past three years.

good luck,

bob
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