Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jack Mills who wrote (2442)	8/4/1998 11:00:00 AM
From: Phil Jacobson	Read Replies (1) \| Respond to of 3351

Good points Jack...interesting that we're now fishing through what they might be doing with free cash to look for a reason for a huge drop in their share price. I just bought more at 8 3/4. Must be out of my mind. Phil

To: Jack Mills who wrote (2442)	8/4/1998 11:03:00 AM
From: Magnatizer	Respond to of 3351

Jack good points also. One thing APCO needs is a new corp. headquarters. the current one is much too small and with the growth anticipated they will be absolutely elbow to elbow if they don't move soon. I am quite sure they will not spend 26 mil on a headquarter so, how about a buy back? I like the idea. ht david

To: Jack Mills who wrote (2442)	8/4/1998 4:58:00 PM
From: Cary C	Read Replies (1) \| Respond to of 3351

Jack regarding the cash question this was taken from one of their quarterly reports and should answer most of your questions. >>The Company invests its funds in treasury securities, municipal bonds and financial instruments with maturities of less than five years and money market accounts.<< In past conversations with the company most has been invested in bonds, with the vast majority being in stuff under 12 months. I believe at the end of the third quarter they had approx. 1.3 million in stuff over 12 months. As far as contribution to the bottom line, I believe that most of the interest or dividend income that was reflected on the last 10q (416,000) would have mostly come from these investments. Assuming this is correct, the $416,000.00 divided by 12.285 million diluted shares, would have contributed 3.4 cents of this quarters numbers. Cary

To: Jack Mills who wrote (2442)	8/4/1998 5:24:00 PM
From: Cary C	Respond to of 3351

Sorry Jack I forgot to answer this part, >>Three, what are their plans with that money?<< Mr. Dorfman has stated on several occasions that they feel it is a very big selling tool for APCO when presenting to dealerships. APCO comes across as a much more reputable company with no debt and 26.5 million in unrestricted cash. The only thing I question about it is when is it enough cash? How much a difference from 26.5 vs 20 million ( besides the obvious 6.5 lol) does it make when presenting to a prospective dealer? However, as I have stated before management has and continues to show me that they know what they are doing. I am sure that no one wants to see the stock go up more than Mr. Dorfman and Mr. Blank considering that combined they own about 20% of the company. Of course they appear to be quite a bit more patient than some other shareholders. Maybe that is because they know what possibilities lie down the road. I'm betting my money on them. Cary