Penn Treaty American Corp.

PTA-N

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about PTA-N

Signal
Opinion
Expert
HOLD
HOLD
October 18, 2007
Congress has been taking a look at it, which is a bad sign. They have gotten behind on their accounting. They are giving all the positive signs, he is wondering though. He's "happy to hold" but wouldn't buy.
Congress has been taking a look at it, which is a bad sign. They have gotten behind on their accounting. They are giving all the positive signs, he is wondering though. He's "happy to hold" but wouldn't buy.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$5.810
Owned
Yes
BUY
BUY
May 18, 2007
Long term health insurance. Bought it and lost money, but still owns it. A major problem for them has been their statutory filings. Have been doing a lot of work to get them up-to-date. A lot of risks, but possibility of tremendous returns.
Long term health insurance. Bought it and lost money, but still owns it. A major problem for them has been their statutory filings. Have been doing a lot of work to get them up-to-date. A lot of risks, but possibility of tremendous returns.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$5.900
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 14, 2006
(A Top Pick Jan 30/06. Down 28.9%.) Had an accounting debacle. Seem to be straightening it out. Still moving in the right direction.
(A Top Pick Jan 30/06. Down 28.9%.) Had an accounting debacle. Seem to be straightening it out. Still moving in the right direction.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$7.470
Owned
Yes
TOP PICK
TOP PICK
January 30, 2006
(A Top Pick Sept 6/05. Up 10%.) This is in the long-term care. He likes this insurance company. Once insurance companies, as a whole does better, this should do well. They have reentered the Californian market which is huge for them. Have eliminated all of their debt. This could be a very good ride.
(A Top Pick Sept 6/05. Up 10%.) This is in the long-term care. He likes this insurance company. Once insurance companies, as a whole does better, this should do well. They have reentered the Californian market which is huge for them. Have eliminated all of their debt. This could be a very good ride.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$10.690
Owned
Yes
TOP PICK
TOP PICK
September 6, 2005
At a reasonable price to buy. Into long term health care. Had major, major difficulties, a lot from mismanagement, but have been turning around very smartly. Just reported a profitable quarter. Book Value is $19 plus, but fully diluted it's $13.61. Still has difficulties and problems to overcome but on the risk/reward scale it's positive.
At a reasonable price to buy. Into long term health care. Had major, major difficulties, a lot from mismanagement, but have been turning around very smartly. Just reported a profitable quarter. Book Value is $19 plus, but fully diluted it's $13.61. Still has difficulties and problems to overcome but on the risk/reward scale it's positive.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$9.610
Owned
Yes
WEAK BUY
WEAK BUY
January 12, 2005
A risky, speculative type of buy. Premiums for long term care were not high enough, but starting to get back in shape. Have also raised some capital. They are doing better, but not out of the woods yet.
A risky, speculative type of buy. Premiums for long term care were not high enough, but starting to get back in shape. Have also raised some capital. They are doing better, but not out of the woods yet.
Ben Stadelmann
Vice President, Contra the Heard
Price
$2.080
Owned
Yes
TOP PICK
TOP PICK
July 16, 2004
Health-insurance has been hit hard. Was facing possibility of chapter 11 and they are still not out of the woods but they are moving in the right direction. Revenues are up 28% on a year-over-year basis. Large debt load.
Health-insurance has been hit hard. Was facing possibility of chapter 11 and they are still not out of the woods but they are moving in the right direction. Revenues are up 28% on a year-over-year basis. Large debt load.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.060
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 15, 2004
Still haveing difficulty but in a good area. Holding.
Still haveing difficulty but in a good area. Holding.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.020
Owned
Yes
TOP PICK
TOP PICK
April 19, 2004
They were flirting with chapter 11 and still not out of the woods. Had hoped they would get back into the California marketplace which seems to have happened. Have a debt load they have to deal with. Trading at less than a third of book value.
They were flirting with chapter 11 and still not out of the woods. Had hoped they would get back into the California marketplace which seems to have happened. Have a debt load they have to deal with. Trading at less than a third of book value.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$2.090
Owned
Yes
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