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Pastimes : The Big Tex House of Coin

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To: Jeff who wrote (1065)1/5/1999 10:28:00 PM
From: Coolbreeze  Read Replies (2) of 19297
 
Stock for ALL to check out!!! PFG... PennCorp Financial Group:

This is an insurance company and has a BookValue of over $11.00 with a stock price of just $1.25 (assets are in the billions and Marketcap is under 50mil). I've been invested in this company for several months now and feel it is finally safe to throw it to you guys. I have approx. 11,000 shares... some at $2.00... some at $1.00 and some at $0.68 with an average price of about $1.30!!! PFG is increasing revenues over same period a year ago but had several write downs due to divisions being up for sale, also, they had to pay out an abnormally high amount of insurance claims. If you get rid of the write downs and put the insurance claims back to a normal level... this company will earn over $2.00 EPS for 1999 (estimates are $3.05). I feel as a long term play, this stock will be at least $8.00/share and possibly as high as $15.00/share by end of 1999. Of course, do your own DD but I am hoping to add about 100K to my 401K by years end with this stock.

Take care,

CB
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