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

To: Robert DeHaven who wrote (1163)	2/9/1998 9:23:00 PM
From: Froman	Respond to of 3351

Again, fundamentals suggest this should be selling for close to $12 based on historical PE relative to earnings expected. Based on a forward P/E, the price should be in the $12 range in about a year. Based on the 25-30 P/E range APCO has normally traded in recently, this stock should be priced between $8.75 - $10.50 right now. And it appears that the price may be adjusting itself at the moment. It would be nice to see APCO trading at forward P/E levels, and it might occur when some big buyers join in but I think it is more realistic not to expect such levels for a while yet. But I'll take either scenario. :-) Fro