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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge. -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1557)	4/26/1998 10:30:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1923

The stock sells at a 23% discount to the Defense sector avg. PE of 18 and an even larger discount to the Aerospace avg. PE of 19. Hoak's estimates for ATPX are 7% growth for this year, which I think needs to be revised and 47% for next year. Some other stocks in the same sector and a comparison: stock.......PE.........Next year growth rate..........this year's growth rate HEI..........56..........26%......................................30% FAVS......10..........-5%.........................................0 HPAC......53..........43.5%...................................N/A (ipo at 8.0/share in Jan.) AVTM......19..........44%......................................N/A (ipo at 8.5/share in Oct.) PCTH......19..........25%........................................88% BAR........29..........19%.........................................-3% KVHI.......11...........54%.........................................-7% ATPX.......15..........47%..........................................7% ATPX's present growth rate should be adjusted upward. Even without adjustment the stock deserves some attention in comparison to the other stocks in the above table. The two IPOs are good examples of how this stock could be received by the investment community, once proper exposure is obtained. Sergio

To: Sergio H who wrote (1557)	4/28/1998 4:27:00 AM
From: Cary C	Read Replies (1) \| Respond to of 1923

ola amigo, in looking at some of the numbers within the numbers on the report, I found some that I thought were particularly exciting. Especially when you tie in this comment from the 10q, >>Design work and material procurement generally characterized the first quarter with a loss, while production and revenue-generation began in the second quarter.'' << With that in mind, the operating income was huge! $986k vs $483K over a 100% increase. Income BEFORE taxes was $180k vs a loss of $156K. Another increase of over 100%! The G/A and other expenses were a little higher. As with the companies inability to hilight the amount of operating and income gains in the report I am sure hat some of the G/A and other expenses were directly associated with the merging of the two companies. Not to mention that I am sure there is still some consolidation of duties going on within the company that haven't been completed yet that should reduce the expenses even further. Looking forward to a very positive second quarter. Wether the company or the iR firm help or not. Cary