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Non-Tech : APCO Automobile Protection Company -- Ignore unavailable to you. Want to Upgrade?

To: TheInvestor who wrote (877)	1/26/1998 7:47:00 PM
From: Sergio H	Respond to of 3351

Ben, I'm not saying that this stock is not going to rally. I think that it will rally , but it won't be based on earnings. Let's hope that the company finds some new business alliances and maintains the earnings growth well into the future. Sergio

To: TheInvestor who wrote (877)	1/26/1998 8:14:00 PM
From: Cary C	Read Replies (1) \| Respond to of 3351

>>For all those looking for numbers, I can tell you what they are .08 for the quarter with .31 for the year, with a 30% growth from 1996.<< Ben in regards to the .08 for this quarter, I personally think it might be low. Based on SAH and better than expected car sales for the quarter, I'm looking for .09 possibly .10. Even if it comes in at .08 it will beat the consensus of .07. Either way I will be pleased. I belive your growth figure of 30% is understated. According to baseline, APCO reported .19 in 1996. This was before the write down due to the lawsuit. If you take this into consideration, it would have been .14. Using the .19 it will be a 68% increase and using the .14 would be over a 100% increase. As far as revenues go, durning the first 3 quarters of 97, APCO reported increases of 40%, 34% and 45% respectively. When you take into account that in 1996 they would have made .04 before write down and that this year we are expecting them to make .08 or more, it would be safe to assume that revenues are going to be up considerably from 1996. I would look for a growth between 40% and 50% for the year. Will any of this matter to the people waiting to sell on earnings? Probably not. I agree with you and Sergio. I hope that it will rise slowly and steadily. This would lend a little more stability to the stock. APCO has several deals that they have been working on. If news comes out on one of those it may rise faster. I also stated earlier that for several reasons APCO might be picked up coverage wise by someone. There was the SAH deal and the analyst coverage that they have gotten. The micro cap conference. The fact that they have a very clean balance sheet and they have shown the ability to grow at least 30%. Add no Asian flu possibilities and I personally think this company is very attractive. I do think it is one of the safer stocks to be in right now. Hopefully we will all have smiles on our faces pretty soon. Cary