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REXI Resource America suffered a BEAR RAID in august and sank from the 30's to 8. They earned 1.60 Fy98 and are expected to earn close to 2.00 in '99 Book Value is 10.5 The stock trades for 9.5 They just got bank financing to purchase a company for 2x their own market cap! they pay a dividend of 3c per quarter. SOUNDS CHEAP maybe a good jan effect candidate? | ||||||||||||
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