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For all its worth, here are a few companies that appear to be full of value at this time--PXRE(NYSE:PXT) is an extremely well managed reinsurance firm that is highly profitable and underwrites only where it is intelligent to do so. Sterling software(NYSE:SSW) has close to $20 a share in cash(stock is currently 36) and a history of intelligent acquisitions. It was a better bargain at 31, but if the cash is transformed from 5% return to 20% return, it is a $60 stock. Operating portion should make $1.20, plus about .80 in interest. After backing out cash, p/e is about 13. It is worth a look. Amerco(NSDQ:UHAL) is sitting on a pile of undervalued assets. They, of course, are the largest rental outfit for moving, but they also make millions off of selling boxes, pads, trailer hitches, atc. They are the second largest self storage company in the US, plus they have a profitable insurance division--all together, it has much more value than indicated in the stock price. |
