Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spekulatius who wrote (47029)	3/14/2012 5:21:36 PM
From: gizwick	Read Replies (1) \| Respond to of 78615

Life insurer The Phoenix Companies Inc ( NYSE: PNX) is another stock which is expected to get a boost as a result of an industry-wide rerating. The stock jumped 3 per cent yesterday and its current market price of $2.2 values it at historic price earnings of 8.5 while forward PE ratio is around 4.5. After correcting significantly in February, the stock is looking ready for a breakout. Overall, small cap finance stocks are better placed for a rally now that their bigger banking peers are supposedly out of the woods now. This rally can be self sustaining but the positive bias in broader markets is likely to provide it further fuel.

To: Spekulatius who wrote (47029)	3/14/2012 5:41:13 PM
From: gizwick	Read Replies (1) \| Respond to of 78615

"This is a high beta dogshit company (imo)." Phoenix has been in business since 1851, so they must have done some things right to survive Special charges are now done and that is why the estimates of earnings at .40 this year. As long as this is an earnings driven market and the company can meet or beat earnings it should head towards the target of $4.00. What I have found is that the risk/reward of small undervalued stocks like this far exceeds those of other companies. Especially considering that Phoenix has been in business since 1851, and remains a buyout candidate at an estimated value of $5.00. The downside risk is limited and the reward is a possible double from here. JMHO