American Pacific Corp (NASDAQ:APFC)

CAPS Rating: 2 out of 5

Engaged in the production of ammonium perchlorate chemical that is used as an oxidizing agent in composite solid propellants for rockets, booster motors and missiles.

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Player Avatar greenwave3 (47.04) Submitted: 8/7/2008 1:56:43 AM : Outperform Start Price: $15.59 APFC Score: +139.23

American Pacific was clearly a growth stock before today's selloff, but now it deserves the dual moniker of growth AND value.Thank you, Mr. Market. The selloff after the earnings report was a bit overdone. Booked revenue and earnings for this past quarter were not awesome, but they did come out in the black. Plus, for anyone who actually read the earnings report, APFC had some seasonal sales that just missed being included in last quarter's numbers. They reaffirmed the year's guidance, which was a good sign and tended towards their affirmation of the seasonality of their Fine Chemicals sales base.

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