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Friday, May 13, 2005 8:06:25 PM
I used to own PLCC but found the volatility created too much uncertainty amongst investor. They could not forecast profits consistently due to the huge impact of both the underwriting fees and the portfolio performance on the stock. This kept the p/e very low. Also since it is a retail broker, PLCC maintains a high cash position that is partly their clients funds clearing. I sold out last year after several up and down qtrs with no appreciation in the stock. Bobwins
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
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