PACC Message Board - Msg: 1709981

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Non-Tech : PACC

PACC 0.00

Nov 17 4:00 PM EST

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To: Sean T. Kim who wrote (232)	7/6/1997 10:52:00 AM
From: David Alan Cook	of 510

Sean, Here is Update #3 from the InsiderTrader on PACC. Jonathan has a price target of $22.50 with the offering being approved. Here is his latest comments: insidertrader.com Brookins Buys - Target: $20 InsiderTrader - Target: $22.50 with offering DC Express - Target: $25.00 Earnings should be announced within the next 2 weeks. My estimate is for .45 pretax ( PACC does not pay taxes because of its loss carry forward but like other companies will have to report earnings as if it had to pay taxes. . . GAP change effective for all companies in June ) Expect .26 to .28 with tax. Good News is that PACC should receive a one time gain from the settlement with the FDIC ( not included in estimate ) and will recieve all pretax earnings. Thus, cash flow will be up sharply since PACC will not have to pay taxes to the IRS. ( only will report what they would have been required to pay ) DC

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