PMC Commercial Trust (NYSEMKT:PCC)

CAPS Rating: 5 out of 5

The Company together with its wholly-owned subsidiaries, is a real estate investment trust that originates loans to small businesses collateralized by first liens on the real estate of the related business.

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Member Avatar B33bl3br0x (78.30) Submitted: 6/22/2007 2:50:16 PM : Outperform Start Price: $7.82 PCC Score: -16.53

PCC is currently trading for slightly less than book value. They have a heafty debt load, but have asset coverage 3:1 over their liabilities. On average they push about half of revenue to the bottom line. Since they are a REIT they have to distribute 90% or more of profits, making this company more attractive.

I think tough market conditions and major under-followed status are keeping this price artificially low.

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