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Strategies & Market Trends : REXI is jumping up! -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (24)	8/24/1998 9:03:00 PM
From: steve kennedy	Respond to of 83

The full article from JANNEY MONTGOMERY SCOTT INC IS posted in 2 parts on Yahoo thread messages.yahoo.com@m2.yahoo.com messages.yahoo.com@m2.yahoo.com partial quote from article: --- JANNEY MONTGOMERY SCOTT INC. --- August 24, 1998 Claire M. Percarpio, CFA (215) 655-XXXX Resource America, Inc. (REXI^#-$29) No Fundamental Reason for Price Drop EARNINGS PER SHARE (Sept.) 1998 VS 1997 OLD NEW P/E RATIOS F1QA $0.27 VS $0.22 1999E $2.75 10.5x F2QA $0.43 VS $0.18 1998E $1.61 17.9x F3QA $0.45 VS $0.21 1997A $0.84 34.3x F4QE $0.46 VS $0.24 Yield: 0.5 % Market Cap.: $610 Mil. 5-Yr Growth Rate: 50% Dividend: $0.13 Rating: BUY 12-Mo. Target Price: $55 Note: Calendar year estimates are: 1997, $0.91; 1998, $1.93; 1999, $2.90. Friday's price drop of over 15% as of late afternoon, appears to have been driven by false rumors, a negative announcement at another specialty finance company, Sirrom Capital (SIR-$9) and perhaps some profit taking in what is a nervous and illiquid market overall. * We have spoken with a number of executives at Resource and feel comfortable that there is not any negative event in the wings and no change our positive fundamental outlook. In fact, there appear to be additional positive developments occurring in both commercial real estate and leasing. (more...)

To: majormember who wrote (24)	8/24/1998 9:04:00 PM
From: Tradegod	Read Replies (2) \| Respond to of 83

Checked the Yhoo thread, things are heating up over there. Longs are nervous; so are shorts. Their claiming everything from that it's trading at 17 3/4 after hours (not true) to an earnings restatement announcement this Friday. (no way of knowing on that one, but highly unlikely given the CEO's comments this afternoon. I decided to bet on the company after hearing the conference call. Everything I heard from the company makes me think that this is buying opportunity. However, the tell of the tape makes me nervous. Big announcement by the company or research firm could help things tomorrow. Ain't a free market great?