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


To: Manny Gugliuzza who wrote (1025)2/1/1998 8:34:00 PM
From: Robert DeHaven  Respond to of 3351
 
Manny: Re: APCO ...I know of many funds that are looking at, have bought or have passed on APCO....Those that have bought did so in the 4-6 range and now hold significant postions. The ones reviewing it are not thrilled about its liquidity and even though its an excellent company they can not participate because the average volume is just 125k.
Sometime in the future there will be a greater amount of interest in the stock from institutions but his may still be a way off. I do know Value Line and TCW have recently purchased. Those are some very presitigous funds to have on board.....APCO's business model is simple and is being executed well. The company is not at risk to interest rates or foreign exposure... The company will do extremely well in a strong economy (now) and will do well in a bad economy (because people will still buy used cars maybe more than new)....

I believe APCO is a solid holding....very little downside. If we go down a point from here I'll double my position. I am certain of this stock and its prospects.

RE: IMNR & Remune I am a bit concerned over lack of secondary interest or corporate alliances and am holding the stock not adding to my position at this time....I will give the 3-5 months longer before leaving that one....Remune results should be in by then.

Good luck,

bob