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Resource America (REXI) is the only public company doing special financing such as buying bad loan and notes at deep discount and refinance these loans and notes to profit. Revenue for the last three years has been growing at tripple digit, earning also grows at tripple digits. PE is at lower than 20 (1998). RS has a target $100. a share this year. Stock is going to split according to a note company sent to share holders last month. Stock looked cheaper at this price. Andy | ||||||||||||||
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