DOLLARS & SENSE : COMPANY SPOTLIGHT.Name: Superior National Insurance Group Inc. HQ: 26601 Agoura Road, Calabasas. BUSINESS: Insurance group that sells workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. policies. Has subsidiaries that provide data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , vocational rehabilitation Noun 1. vocational rehabilitation - providing training in a specific trade with the aim of gaining employment rehabilitation - the restoration of someone to a useful place in society , legal and paralegal services. Major competitors include American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Zenith National Insurance and the State Compensation Insurance Fund The State Compensation Insurance Fund (SCIF or State Fund) is a workers' compensation insurer that is operated as a public enterprise created by the U.S. state of California. . In December, Superior completed the purchase of Foundation Health Systems Inc.'s workers' compensation insurance subsidy, Business Insurance Group, for $285 million. Annual revenue: $153.6 million in calendar year 1997, up 59 percent from $96.4 million the prior year. Revenues through third quarter 1998 were $147 million. Annual revenue: Lost $2.1 million (or 30 cents per diluted share) in 1997, compared with a $3.6 million (75 cents per diluted share) profit the prior year. Net income for the nine months of 1998 was $6.2 million, or 79 cents per diluted share. Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : SNTL. Friday close: $18.25. Web site: www.superior.com. Company contact: J. Chris Seaman, executive vice president and chief financial officer, (818) 878-2240. INVESTOR SPOTLIGHT Name: Bryan Stockton. Residence: Burbank. Occupation: High school student. Age: 16. How he got started: Stockton listened to his parents: It's never too early to start planning for your future. Borrowing some books from the library - Peter Lynch's ``Beating the Street'' is a favorite - he began learning about the stock market. Using his savings, he took the plunge and bought Disney as his first stock. He was rewarded with a 3-for-1 split. That success led to another winner, Dell Computer. Stockton chooses companies with a household name and a strong potential for growth. But they also should show good profits and acceptable price-to-earnings ratio Noun 1. price-to-earnings ratio - (stock market) the price of a stock divided by its earnings P/E ratio securities market, stock exchange, stock market - an exchange where security trading is conducted by professional stockbrokers . Best stock pick: Disney. He bought it for a split-adjusted $24.67 a share. It closed at $36.0625 on Friday. Worst stock pick: Dreyfus Capital Appreciation Fund. He bought it for $42 a share and sold it at $42.60 after two months. Investment philosophy: ``I don't go for Internet stocks. I think they are all too risky. I like to invest in a solid company with potential for growth. I like companies that I'm familiar with.'' CAPTION(S): Photo PHOTO (Color) Bryan Stockton |
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