A great value in the financial sector
Strong buy on advnb (Advanta Class B Shares - non-voting, higher yield) - book value with no future business and write offs at the 1991 recession levels puts the company at 11 dollars a share. Earnings come out next week and anything but devastating news will make the stock go up. The stock has been behaving pretty well during the down moves of the last few weeks and is supported near the 6-7 mark. The stock is also paying a 12% dividend yield. They are only a small business credit card lender and their credit model is supposedly pretty solid.
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