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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (11135)	12/26/1997 1:37:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 12298

Hi Stitch, <Still plenty of time to await the magic words from analysts et al.> As close as I can tell Analysists don't recommend a stock until they have loaded up, let the price run up and then will pump it up a bit while they unload. I think I've figured out where the -.78 came from. Take the trailing 4 quarters, subtract net earnings from sales and subtract that from the approx. $80 million guidance given by the company. To say that kind of "analysis" is not very intuitive, is an understatement. On wages alone they should be able to save an additional .30+ per share. Going back over the Q3 10Q, their Maylasian loans WERE borrowed and repayable in Ringetts. Another potential .60+ per share. The pico form factor which is estimated to double yeilds, went into production at the end of Q4. From a conversation I had with Mr. Crisman the company will be taking steps to further reduce expenses. Although I didn't get it this cheep, the stock is trading at about $1 over book. I'm sitting on a pretty good size paper loss right now, this last week has been pretty ugly. I'd have taken the loss and moved on weeks ago except that I'm reasonably certain that January earnings will be a blow out and I should be able to win it all back with interest. The techs are way oversold and there are starting to be a lot of good value plays right now. For tax reasons a lot of people wait until January to put money into mutual funds. We're due for a major correction going into the first of the year. This is not intended to be investment advise or argumentative. Just kind of a statement of my reasoning for being the only bull left in a bear market. Good luck. Regards, Don