Asia Pacific Wire & Cable Corp (APWC)

[snakess]

actually this was a very good call considering the past 3 1/2 history of the company. If you do some work on this company and use the numbers available it is easy to see that this company is very profitable and growing and should be a $12-$15 stock-- they reported rev of $460 million and gross profits of $60 million--if you compare to 03 when rev was $211 million and gross was $30 million and net was $10 million it is easy to assume that net on the low end was around or at least $20 million net or around $1.50/sh...When you consider the growth and then assign a conservative PE of even 12 you get a stock price of $18.00!!!!
Management states $40 million in cash that equal around $2.80 in cash/sh.. debt from 03 was $150 million now $130 million(not that meaningful)--doing biz requires certain balance sheet format.
rev continues to expand into 07 @ record pace --gross profit off some but lawsuit settlement, currency and maybe hedge has
cause lower gross profit--either way rev for 07 on an annual run rate was blow by $500 million and gross income will equal $38 million and if you base it on past net will be around $13 million or .90/sh for 07 @ 12 PE yields a price of $11.00
also believe book value at this time is around $11 to $12 per share--just do the math.

Bottom line the news was great and this stock is super super cheap-look at the numbers and don't get so emoitonal