pamc Message Board - Msg: 10406765

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Non-Tech : pamc

PAMC 46.82

+2.4%

Nov 5 4:00 PM EST

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To: Steven M. Kaplan who wrote (315)	7/7/1999 8:15:00 AM
From: Don Hand	Read Replies (1) of 570

E-trade update - target increased Read Report at eoffering.com "Speaking of insurance, the only pure Internet play helping in insurance fulfillment is Provident American Corp (PAMC - BUY),and it continues to perform masterfully. In reviewing its recent SEC filings, we noted that it transacted a stock buyback from Health Plan Services for $7.0 million, securing 2.365 million shares. This takes PAMC's ownership in HealthAxis (the crown jewel and online health insurance fulfillment source) from approximately 70% to more than 80%. As a result, we are very confident in moving our 12-24 month price target up another ten points-from $75 to $85. Moreover, as the business strategies and current state of affairs of the Internet insurance marketplace become better known by the market, we believe this target could prove conservative. "

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