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Strategies & Market Trends : American RE Partnership - ACP

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To: JimieA who wrote (4)6/9/1998 4:40:00 PM
From: MC Niemi   of 7
 
What will make this stock move??

1) When Icahn wants to make it move.
2) It might be mentioned again in Barrons roundtable in January 99.
3) When the LP makes a big investment with the $500 million in cash.
4) When the LP starts to make yearly dividends.

If you wait 3 years for something to happen this LP will have added another $4 to $5 to book value based on its yearly earnings taking it up to $22.

At that time they could implement a 5% dividend based on book value. That would translate to over 10% to those who bought now at current prices. When this happens my hunch is the stock will trade between $15 to $17 at a minimum.

MC
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