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

To: Robert DeHaven who wrote (1066)	2/4/1998 2:05:00 PM
From: Cary C	Respond to of 3351

Bob I agree with you in regards to SAH. If you also take into account that this was their slowest quarter, it would appear that next quarters numbers should be very good. Todd had told me that since SAH had happened toward the end of the fourth quarter that Morgan Keegan had said they were going to wait until the earnings were released before they revised their earnings estimates. Morgan Keegan didn't miss by much. They had said .32 and they came in at .34. Considering they didn't know about the SAH deal when they did the numbers I think it would be good to use their new numbers as a gage for next year. Of course I don't know if they have figured in the new products that are do out. If you calculate a 30% growth rate for next year and assume that it would be the same for the earnings, you would have .44. If you did 40% which matched last years growth you would have .48. That's assuming that more doesn't go to the bottom line which I think will because APCO has been able to maintain their overhead. It will be fun to watch it unfold though. Cary