If you are currently daytrading stocks like AFCO
and others, you should see the free daily newsletter
I receive from Selftrade. This letter helps me in
my daily daytrading activities to pick out the
winners and avoid the losers. Contact me
email@example.com and I will put you on their mailing list. Don't
let this free opportunity pass you by!
There's no reason for AFCO to go to an expo.
They're already coating MgO for a Korean PDP customer.
There are only 2 display companies in Korea, Samsung
and LG Electronics. Samsung has received $200m to
open a TFT line, which might free up capital for other
purposes. LG Electronics has announced major capital
spending plans for the PDP market.
In post 874 of
the PHTN thread, optimist4321 post some incorrect
info. The existing ATX-700 is already paid for and the
selling price is $5-7m, so a sale would add $1.50-2.00 to
earnings. The $3m price he refers to is the 7 previous
generation Venture series sales at $21m. The ATX series cost
$2.9m to develop, but I don�t know the material cost.
If it is $1.5m, then the earnings kick from
additional sales is $1.00-1.50/share.
Since it would
be a proven product, subsequent sales would be
easier than the first. Based on market reaction to PHTN
and other equipment companies, I believe AFCO could
be a $60 stock. But, they haven�t made the initial
sale. When they do, it will be an important turning
point and I suggest that everyone jump in with both
feet, even though the price is likely to double that
The AFCO partnership is not with a Chinese
company. The partner is Nippon Sheet Glass, a Japanese
Firm. NSG is a major supplier of the glass that AFCO
coats. Glass is the major cost item for AFCO, and the
partnership quickly produced a positive cash flow. See
posting number 868 by Optimist4321 on the PHTN message
Board. AFCO was able to neutralize the risk of a
supplier going into the coating business, and reduce
transportation and inventory costs. The glass goes from the
Chinese fabricating plant to Japan or Hong Kong. Delivery
is usually within 30 days of production.
is identified with mass-produced low-cost items like
automobile mirrors that dim easily at night. Quality is
important, but markup is slight. AFCO wants to position
itself as an equipment supplier for high information
content screens which are becoming hot items in Lap Tops,
HiD television and Plasma Display Panels.
has patents pending and has passed some international
hurdles regarding its patents. It's advanced engineering
group is headed by John Kester who has impressive
credentials that I can't vouch for.
plan makes perfect sense, what needs evaluating is the
quality of the product and the ability of their sales
staff to persuade customers to try new equipment.
I am concerned about AFCO joint partnership with
the Chinese Co. Who actually controls the Co.? And
what is the make-up of the Board? Also how are the
profits distributed? Joint partnerships in China with
Chinese companies has spelt doom for several other
companies in the past.
As far as Korea expo, don't know on that. It
would be allright to have some web presence, imo. Once
AFCO crosses the $5-10 level and heads significantly
higher interest should abound in qty.
What is of
interest is how quiet this forum is. That will change in
the weeks ahead. :>)
Are there any reports about AFCO at a flat panel
exhibition held in Korea, this past week?AFCO was not listed
as an exhibitor.
The report in the 10-K about a
pilot system in Korea is from June, July or August. Is
it too early to expect some developments or did it
turn out to just be a nibble?
I am puzzled that
AFCO has no web site, isn't that a useful way to
answer questions about products?
First, let me thank you for all the info you've
provided so far.
Now, my last question (for a
little while ;-)):
Who are AFCO's competitors - I
remember in their 10K that that said competition was
tight, but don't recall any specific
Again, thanks...seems to me if the ATX is good at one
tech, it should be good at the other...perhaps just a
matter of time before some companies adopt their tool.
AFCO is marketing for both uses.
ATX-700 can be configured to sputter for either
technology. However, AFCO has made more progress (i.e. a
customer) with PDP than TFT. Nevertheless, the same
companies that make PDPs also make TFTs, including the
I meant to say that I understand, for the most
part, AFCO's interest in PDPs, but do they also have
equip that lays out the thin-film transistors in LCD
displays, or are we talking about completely different