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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (19)	4/13/1999 12:23:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 737

What's a dividend? LOL.

To: Frederick Langford who wrote (19)	4/13/1999 1:03:00 PM
From: michel petit	Respond to of 737

Pico Holdings fits certainly the same criteria than LPGLY Owns 50% of PC Quote Trades well below intrinsic value You get diversification with their insurance operations and their vastly undervalued water rights investments.According to the WSJ,this field could be the next big investment theme. PICO trades for $19/share,has a book value of ~$20/share but PQT is in their books at ~$2.00. Their water investments are also worth many times more than their acquisition costs