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

To: BigLouie who wrote (1858)	5/4/1999 3:28:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1923

Mario, earnings came out yesterday. I didn't see any earning targets. Check it out. biz.yahoo.com AS

To: BigLouie who wrote (1858)	5/5/1999 9:28:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1923

Thread: Re-reading the press release, particularly the first paragraph: <Advanced Technical Products, Inc. (Nasdaq: ATPX - news) announced today that it has entered into a Memorandum of Understanding with a third party financial buyer regarding the sale of the company. The Memorandum provides that the stockholders of ATP would receive in cash $14.00 per share, plus a contingent amount of up to an additional $3.00 per share depending upon earnings achieved by ATP in 1999. The transaction is subject to, among other things, satisfactory completion of due diligence by the purchaser, execution and delivery of a definitive agreement and certain regulatory, third party and stockholder approval.> ATPX just reported first quarter earnings, which by the way exceeded estimates by five cents or 33% and where an improvement over last year's bottom line of a whopping 900%!!!!!! Does the Memorandum of decision mean that ATPX shareholders are to receive anywhere from $14-$17 dollars per share in 9 months? That's a payoff of 8%-31% from todays closing price. The offer doesn't seem reasonable considering: * the stock is undervalued and stockholders have been patient * aerospace/defense industry stocks are starting to get hot * the first quarter is historically the ATPX's worst quarter * there's a waiting period involved and not knowing the terms of the deal, we could receive an 8% premium to today/s closing price for a stock that's worth at least 20/share now. Comments anyone? AS