National Institute Companies of America (fka NICM)

[thepennyking]

According to this NICM is buying 9.9MM shares of its own stock?

Can anyone confirm that?




From: [e-mail] / Block Address / Add to Address Book
To: <[e-mail]>
Subject: THE CONTRARIAN - Buy Alert on NICM 7924
Date: Tue, 17 Apr 2001 00:51:39 -0800
Reply-to: [e-mail]





THE CONTRARIAN - NEW BUY RECOMMENDATION

NATIONAL INSTITUTE COMPANIES OF AMERICA

Symbol: NICM
Listed: OTC Pink Sheets
Recent Price: .06
52 Week Range: .04 - .77
Shares Outstanding: 99 Million


The NASDAQ just finished its worst 1st quarter ever, while OTC and pink sheet stock activity dried up. The Contrarian waited for the dust to settle, and now presents our first new idea of 2001: National Institute Companies of America.

In order for a stock to move up, there must first be retail interest. NICM was one of the Top 20 most active stocks on the entire pink sheet market (out of 3000+) in March. Next, we look for a bargain price, and NICM is down 90% from last year's peak. Finally, we look for a fundamental reason to buy. In NICM's case, it is the recent announcement to buy back up to 10% of their outstanding shares.

A buy back is exciting to the market for many reasons. It shows that management believes that the stock is undervalued - in fact, it is selling below book value. Likewise, it is bullish that excess cash is available to repurchase the shares.

NICM offers services and produces fee income for community and independent banks. They also provide estate and financial planning products and investment banking services.

The Contrarian suggests making purchases up to the .20 area, with a long-term target of .40 plus.

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Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund.
A former banker, top analyst at iexchange.com before
they ran out of money, and Chair