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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (3440)3/4/1998 7:40:00 AM
From: Wallace Rivers  Read Replies (2) of 78625
 
Today, a company called The Money Store (NYSE-MON) is being acquired by First Union Corp. At 34 dollars acquisition price, it would be valued at approximately 3.7 times book and 17 times earnings.
I own a company called Resource Bancshares Mortgage Group (NASDAQ-REMI), which is in a similar, though certainly not identical, business. It is valued at less than 2 times book, 11.5 times '97 earnings, and 7.75 times '98 estimates, which I feel are doable. Comments and analysis from the thread would be most appreciated.
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