Compaq Message Board - Msg: 8106835

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Technology Stocks : Compaq

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To: rupert1 who wrote (51044)	3/2/1999 11:30:00 AM
From: Jimbo Cobb	Read Replies (2) of 97611

You want a gimme pick ??? I just bought 2000 ISFC at $12 1/4. This is a gimme . Recnet savings and loan conversion to stock ownership...Cash approx $10/share, book value approx $17/share.... Yahoo and other news services haven't yet updated the cash/book values , etc to account for the $10/share they raked in on the conversion offering to depositors. At year-end, ISFC should give a $5-$6/share cash dividend which is a non-taxable return of investment. So you will end up holding a bank stock with a book value of say $11, and your cost basis will be about $6 bucks at the time.... INCREDIBLE VALUE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I will look to continue accumulating shares of ISFC as long as it is under $13. YES !!!!!!!!!!!!!!!!!!!!!!!!!! GO ISFC !!!!!!!!!!!!!!!!!!!!!! Jimbo.

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