My top pick is PACC - Pilgrim America Capital Corp - A holding company that, through its wholly-owned subsidiaries provides investment management and related services for six open-end and two close-end funds.
3 Reasons To BUY PACC:
1) Insiders and the company are buying shares:
a) Over 29 Insider Buy transactions reported by Vickers within the last year.
b) Insiders now own over 28%
c) Buying has been broad - 10 different insiders bought shares
d) Company repurchased 1,017,730 shares on 27 Sept
2) Assets Under Management are increasing at a fast rate:
a) Dec 31st, 95 --- $1,372,600,000
b) Mar 31st, 96 --- $1,413,100,000
c) Jun 30th, 96 --- $1,451,700,000
d) Sep 30th, 96 --- $1,704,500,000
e) Dec 31st, 96 --- $2,022,600,000
Today over 2.2 Billion and rising
* Company gets paid a fee based upon the assets under management . .
More Assets . . More Fees . . More Profit . . Greater EPS
3) Favorable Technical Pattern / Sells at a Discount to the Industry
a) Most of my technical indicators are Bullish
b) Company has turned around its operations
* Revenues are UP . . . Expenses are DOWN . . Profits are UP
Dave |
