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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (666)	12/8/2002 6:00:11 PM
From: Sergio H	Read Replies (3) \| Respond to of 23958

Thanks for adding ATPG to our portfolio Ed. What I see chartwise, is a nice double bottom in the 2.50 range and heavy resistance at 4.65. A break above 4.65 leads to the 9 range. I looked over the 10k. The huge increase in accts. receivable popped out. Reading further, I noticed that the increase is due to $12.6 million from the $17.3 price tag from the Helvellyn deal is included in the receivables. At first I thought that ATPG might be targeting this money for debt reduction, but that looks unlikely as there's a pre-payment premium on their financing. Do you think the Legacy law suit is a drag on the stock price? It's likely that ATPG has set the Hellvelyn money aside in case they lose the law suit against Legacy, who is seeking $12.3 million plus interest. CIBC might be waiting for the results of arbitration before changing their rating, even though all analysts offering coverage have recently upped their earning estimates.