It doesn't really matter. I can't prove it to you except that it was in a conversation that I recently had. Take it for what it's worth, but my expectation is to not see huge revenue growths for 2007 but improvements in profit margins. And of course growth in the asset column due to acquisitions.
Like what some other posters have pointed out, "fair valuation" for Phoenix stock is probably going to need to be based off of book value as opposed to eps for at least the next year.
Just my opinion backed by too many phone calls. But what do I really know?
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