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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (47029)	3/14/2012 5:21:36 PM
From: gizwick	Read Replies (1) of 78621

Life insurer The Phoenix Companies Inc ( NYSE: PNX) is another stock which is expected to get a boost as a result of an industry-wide rerating. The stock jumped 3 per cent yesterday and its current market price of $2.2 values it at historic price earnings of 8.5 while forward PE ratio is around 4.5. After correcting significantly in February, the stock is looking ready for a breakout. Overall, small cap finance stocks are better placed for a rally now that their bigger banking peers are supposedly out of the woods now. This rally can be self sustaining but the positive bias in broader markets is likely to provide it further fuel.

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