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

To: Jack Mills who wrote (3265)	5/1/1999 9:46:00 PM
From: Alan Newman	Respond to of 3351

Unfortunately, my patience ran out on Friday. 2 things drove me away: 1. No reaction to the decent earnings. So I'm not sure what will ever drive the price up. 2. Only 17% increase in revenues. I know that some of the deals they've made lead to lower revenues, but 17% was pretty uninspiring. I need to put my money into stocks that go up. Alan

To: Jack Mills who wrote (3265)	5/3/1999 8:15:00 AM
From: Robert DeHaven	Read Replies (2) \| Respond to of 3351

APCO isn't going to trade like an internet stock and go up 100% in 1 or two months. However it will continue to give a decent return on your money Whenever the stock trades belo a 20 PE which I think is fair value I look at APCO. Right now at a 13 PE its cheap. I dont't expect a 100% gain on my 8 3/4 purchase recently but the stock will trade 10-12 over the next 3 months. That's a decent return. Institutions and insiders own over 50% of APCO. There is no insider selling. The company's balance sheet is stellar. I am patient and will hold until the pe begins to out pace its growth rate. Someday small caps like this will get more interest than they have in the past three years. good luck, bob