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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: 249443 who wrote (14366)	4/23/2002 3:23:35 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78715

Well, :>), there are a couple of surprises in those last two stocks, mrcjmoney. That price quote on FINN.ob where I was expecting maybe at most a fifteen dollar stock when I looked it up. --------------- And a VERY unusual dividend policy at FNIN if I read their press release correctly. The dividend amount will vary with the stock price!!??? "The dividend payment is made pursuant to the policy adopted by the Board in May, 2001, which anticipates that the Company will declare and pay, on a semiannual basis, a dividend on the common stock of the Company so as to provide to shareholders with an annualized yield of approximately 3% on the market value of the common stock." And another press release which indicates there's a potential acquirer lurking about. Would be nice though to see some insider buys instead of small and persistent(?) sells. I don't understand why stated book value dropped so much from '00 to '01, but if $18.90 is about right now, then FNIN trading at $13.75 seems to be a buy -- given the way I look at these types of insurance companies. (jmo, and I'm wrong many, many times) Paul Senior