Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (4754)	7/27/1999 11:49:00 AM
From: James Strauss	Read Replies (1) of 13094

AAC... Here is a Private Message worth sharing with the thread.... ************************************************************* The numbers look ok... The stock seems to be selling on the news... The CEO is upbeat... ""Richard A. Greenawalt, Arcadia's Chief Executive Officer, said the company's continued efforts to improve its operations and portfolio performance are reflected in the positive results for the second quarter. "We're doing what we said we would do -- building processes, procedures and systems that will enable us to convert our industry leadership into predictable and sustainable financial results," said Greenawalt. "We are right on track for expected loan purchases in 1999. As our more recent loan purchases become the dominant driver of our loan portfolio performance, we continue to see improvements in credit quality and risk-adjusted profitability." Greenawalt noted that through the end of the second quarter nearly all significant measures of operating and financial performance showed favorable trends. "Our loans delinquent more than 30 days were 3.71% of the total servicing portfolio at June 30, 1999, compared to 3.79% one year ago and nearly equal to the 1999 first quarter delinquency level of 3.64%. Even more encouraging is the improving trend in our annualized loan losses, which were 4.17% for the June 1999 quarter, compared to 4.28% for the first quarter and 5.92% one year ago. However, we know there is still room for more improvement," said Greenawalt."" The eps estimates were .17 to .20... Actual eps were .37... Looks ok to me at 8 1/2 to 8 5/8... Jim

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