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

To: TheInvestor who wrote (1460)	3/7/1998 1:27:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 3351

APCO is a small cap stock. The stocks that you are comparing APCO to are large caps. CSCO, MSFT and DELL were once small caps. Now they are large caps. This means that their business has grown. APCO's business is also growing. Right now they have less than 2% market share. This means that if they are able to obtain another 1% market share, their business will have grown by 50%. I am not sure that APCO will achieve that in the next 12 months. I am satisfied with their current growth rate, but this example illustrates the huge potential that APCO has. CSCO, MSFT and DELL high techs. APCO is in the automobile waranty business. You believe that CSCO, MSFT and DELL are in "a hot industry group" while APCO is not. The cost of an automobile today makes APCO's industry very "hot." Nothing high tech about it, but still very hot. Some people believe that the high techs may not be too hot right now, but that is another story. However, if this is true, the automobile warranty business may be a hotter sector than the high tech sector. Your conclusion that APCO is trading at around $10 because people believe it to be worth this price can't possibly be wrong. This is a good point that you are making. Sergio

To: TheInvestor who wrote (1460)	3/7/1998 1:27:00 PM
From: Phil Jacobson	Respond to of 3351

Man, you're weird.

To: TheInvestor who wrote (1460)	3/8/1998 12:52:00 AM
From: Froman	Read Replies (1) \| Respond to of 3351

TheInvestor stated on 3 March 1998: I jumped off at 7 7/8 and now regretting it. Oh well I should have more patience. THe price now is too expensive for my risk level. and more recently: So get off your hype train, and be real. Hmmm. . .it sounds to me like you're a bit envious of those that had the discipline to stay the course and now you would like to see the price drop back down to the level at which you initially sold so you can make up for your misjudgement of APCO's price appreciation. Historically speaking, APCO's price is right where it should be, between a P/E of 25 & 30 or $8.75 - $10.50. As far as I'm concerned, APCO is right on target and I don't expect it to venture far beyond either of these two extremes in the near term. But should APCO venture outside of this range, I would expect it to be on the high side and not the low side. But thank you for your concern about my financial well being, but I think I'll be foolish for a while longer and let my profits run. Fro