Steve,
My favorite stock is LPGL, London Pacific... It used to be an Insurance Company, but has recently migrated into a Venture Capital firm thru it's subsidiary, Berkeley Capital.
It now owns 2.6 million shares of NETP, 1.6 million NETG and RAMP, has two IPOs scheduled for the last week in July (Packeteer and Continuous Software), and has another 10 to 12 Companies in the IPO pipeline....
P/E is 14, with $1.87 per share in real earnings, and it even pays a DIVIDEND ($.93 last year)... We estimate that the Company will report earnings of $5 to $10 dollars per share at Half Year End June 30, 1999.. (Earnings are due out at the end of August) and upwards of $10 to $20 per share for 1999).
I believe this stock is not only a significant VALUE play (Dividends and EPS), but is a way to get into the INTERNET with a minimum of risk...
Steve, have you heard anything good or bad about this stock, and (I've already bet part of the farm on this stock) should I bet the rest of the farm on it???
Would appreciate your opinion. Thanks in advance.
DWC
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