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


To: Wally Mastroly who wrote (3132)2/3/1999 12:58:00 PM
From: keta  Respond to of 3351
 
Well, it's been an interesting journey, but I'm out for now. Was hoping for something a little stronger. Will be looking for a re-rentry point below 11.



To: Wally Mastroly who wrote (3132)2/4/1999 2:13:00 PM
From: James Strauss  Respond to of 3351
 
Wally:

Here's a snipit from the news release:

""Larry I. Dorfman, President/CEO stated: ''The fourth quarter and the entire 1998 were exceptional periods for APCO. We experienced record sales and net income for the fifth consecutive year. Our core EasyCare® service contract business continues to grow strongly. It is exciting to look at our development over a period of time, such as the past five years, and notice our growth in dollars, not just percentages.

Sales have grown from slightly less than $30 million in 1994 to almost $120 million in 1998, a four-fold increase. Net income has grown from approximately $1 million in 1994 to $6.6 million in 1998, a more than six-fold increase.

Shareholders' equity has grown from $5.4 million in 1994 to $35.4 million in 1998, a more than six-fold increase.""

Jim