Stockchase Opinions

David Driscoll Dundee Bancorp (A) DBC.A-T DON'T BUY May 15, 2002

Could be too many redemptions. No dividend.
$16.050

Stock price when the opinion was issued

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An under followed stock. Controls Dundee Wealth Management. This is a case where are you can buy $1 bills for $.65/$.70 which you should do.
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(A Top Pick Jan 19/06. Up 28%.) People are starting to finally notice this. Had traded thin and didn't give a lot of analysts coverage. A terrific bunch of assets. Net asset value is probably more than $70. Applying at 20% holding company discount, it is still about $55.
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A big supporter of this company. Complicated company to understand because it has so many moving parts; a real estate investment trust, a wealth management company, an investment bank. Believes the net asset value of the company is over $60. Trading at a 35/40% discount to its net asset value.
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When he recommended this, it was trading at a massive discount to its fair market value. Since then, it has gone up like a rocket. It is now within 15-18 percent of its true value. If you own, consider taking some profits. Still buying for new clients.