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

To: Sergio H who wrote (2407)	7/31/1998 12:48:00 AM
From: Phil Jacobson	Read Replies (1) \| Respond to of 3351

Maybe it's because of the 400K seller, maybe not, but APCO is in a phase where current earnings have to be on the high side just to maintain the current stock price. I sent Cary an ICQ note a few weeks ago on why I thought .13-.14 would just keep us where we are. Not sure why this is the case given the bullishness exuded on the call by Dorfman. I've still got twice as much money hanging on APCO's fate than anything else (not counting the original investments made in Oct 12 1/2 calls that are now down 75%). I like to make investments on companies I can understand. I totally understand APCO's model, their balance sheet is as clean as a balance sheet can get, growth is outstanding, management doesn't sit on its laurels but takes an active role in growing the business, customer service is excellent (and highly automated). APCO does so much. Let's face it. It's not a large cap stock so the main body of money that's flowing into the market doesn't get anywhere near it. And because it's not in a glamorous industry it tends to be missed by individual investors. We're all getting too used to trying for doubles in 2 months with daytrade stocks. Instead of doubling up, I've been hit of late with a couple of involuntary stock splits (SAVLY, ANTX). So I guess I should be grateful that a large part of my investments are in a company that is fundamentally doing all the right things and has minimal risk. One of these days.... Phil