American Growth Fund shows 48% profit on bank stock bought in November.DENVER--(BUSINESS WIRE)--July 11, 1995--American Growth Fund has achieved a 48% profit from its second largest holding, Midlantic Corp. (MIDL MIDL Microsoft Interface Definition Language MIDL Modular Interoperable Data Link MIDL Master Input Data List MIDL Miniature Interoperable Data Link MIDL Most Idle ), purchased last November November: see month. . The profit includes a 6-1/8 dollar gain on Midlantic at market close July 10, 1995. Midlantic rose 16% to close at 47-5/8 July 10 on news of its acquisition by PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank Corp. (PNC). "American Growth Fund has made a great deal of money for its shareholders by selecting bank stocks that would be acquired by super regionals at premium prices," said Robert Brody, president and portfolio manager. Some of these acquisitions were: - United Banks of Colorado by Norwest Corp. - Affiliated Bankshares of Colorado by Banc One Corp. - Colorado National Bank by First Bank System - MNC MNC See: Multinational corporation Financial by Nationsbank Corp. CONTACT: American Growth Fund, Denver Tim Taggart, 303/623-6137 |
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