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Technology Stocks : American Power Conversion -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (2403)	10/27/2000 5:27:44 PM
From: BWAC	Respond to of 2574

Hey, I'll take that at 14 PE. And leverage in some swing trades, leverage in some options, etc. I just don't understand the rush to the exit from a quality company that really has been growing earnings steadily, and sales growth as well really. It was much easier to grow at 25% a few years ago when sales were less you know. APCC was in no way shape or form worth $40 earlier this year. It carried to much risk. But that is not the case today. Yet the investors are running like it is the end of the world. Bizarre at best. Insane at worst. Only thing I know. I like APCC here and the price is right to buy.

To: The Ox who wrote (2403)	10/27/2000 5:39:48 PM
From: 4finger	Read Replies (2) \| Respond to of 2574

Thanks for your comments. It is possible all we are witnessing in the disappointing rev numbers is a 2000 pause after frenzied pre-Y2K demand and that growth off a lower base resumes. I am compelled by Gilder's Powercosm thinking and have a tough time imagining this segment growing slower than the S&P over the next 5 years. I am certainly attracted to the collapse in any stock if it is a temporary set back but if APCC aren't capable of better than 15% growth going forward than it is only just reached fair value. The tepid guidance re: the next six months suggests there is no reason to hurry up and own this. I suppose I'm trying to sniff-out a management/execution problem. Did this sector grow like gang busters in 2000 and APCC just failed to block and tackle? Any observations on management?