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PHOENIX STOCKS
FORTRESS GROUP (NASDAQ National Market: FRTG)
Web site: http://www.fortressgroup.com
Latest price: $2


Take a look at FORTRESS GROUP (NASDAQ National Market: FRTG). Annual
revenues are over $700 million, yet the market capitalization of this
award winning, national homebuilding company is under $7 million.

Earnings per share for the last 12 months were $2.12 putting FORTRESS
GROUP on a PE ratio of less than 1. Book value is shown at $25.98 per
share with cash alone comprising $2.40 a share.

Check it out (in particular the Company’s SEC filings at
http://www.sec.gov), but an average industry PE ratio of 15.74 would put
FRTG at $33.36, whilst an average industry price to sales ratio of 1.32
would put this stock at over $262.


HOUSING STARTS JUMP 2.2 PERCENT IN NOVEMBER

WASHINGTON (Reuters) - Led by a surge in new residential construction in
the U.S. West, building starts on new homes and apartments rose in
November as mortgage rates across the country slid, the government said on
Wednesday.

Housing starts jumped 2.2 percent last month to a seasonally adjusted
annual rate of 1.562 million after posting a 0.6 percent decline in
October, the Commerce Department said. Starts in November were at their
highest level since June, when they reached 1.571 million.

The figure was much higher than estimates from Wall Street economists who,
on average, had figured housing starts totaled 1.536 million last month.

Permits for new housing projects across the United States rose 2.6 percent
last month to a seasonally adjusted annual 1.586 million after posting an
1.8 percent increase in October. The permit figure was above analysts'
estimates for 1.529 million.


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understand that statements regarding future prospects may not be realized.
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associated with such securities. These risks could adversely affect
expected returns and / or result in substantial losses. Past performance
is not indicative of future results. We do not represent that the
information is accurate or complete. We own 12,000 shares of FRTG and will
buy or sell at anytime, without notice.