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Re: MikeDDKing post# 223573

Wednesday, 03/31/2010 4:10:46 PM

Wednesday, March 31, 2010 4:10:46 PM

Post# of 275618
APNC.OB

Brought a small position of APNC.OB AT $1.08 today. I like APNC.OB and without further ado here is why.

1) earnings of .044 this past quarter, and that is with a unusually high tax rate.

2) Looks Poised for growth going foward.

3) cheap valuation, trades at fully taxed pe of roughly 6 based on this past quarter annualized.

4) solid balance sheet with .28 in cash.

I believe APNC.OB is significantly undervalued, and I will continue to add on weakness. All above is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
http://www.investorshub.com/boards/board.asp?board_id=5316

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