DOLLARS & SENSE : COMPANY SPOTLIGHT.HQ: 23251 Mulholland Drive For the motion picture, see . Mulholland Drive is a very well-known road in Los Angeles, California named after engineer William Mulholland. A portion of it is also called Mulholland Highway. , Woodland Hills. Business: Through its subsidiaries, the company provides property, casualty, health and life insurance. It also provides related premium financing Premium Financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a "Premium Financing Company"; however insurance companies and brokerages occasionally . Unico's principal subsidiary is Crusader Insurance Co. Most policy holders are small-business owners such as operators of restaurants, gas stations, auto body repair shops, apparel stores. Direct competitors include Farmers Insurance Co. and St. Paul/USF&G. Annual revenue: $48.3 million in 1997, up 5 percent from the prior year's $45.9 million. Annual income: $7.7 million ($1.25 per diluted share), up nearly 12 percent from $6.9 million ($1.15 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 : UNAM. Friday close: $12.25, up $1.1875. Company contact: Les Aaron, company treasurer, at (818) 591-9800. INVESTOR SPOTLIGHT Name: Brian McCully Residence: Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. Occupation: Computer consultant Age: 36 How he got started: McCully became intrigued with the idea of owning stock in a company after taking accounting classes in college. He started tracking stocks in 1980, and shortly thereafter bought his first stock, Lear Petroleum. He bought 200 shares at $13 and sold it at $32 a share eight months later. The $3,800 profit paid for one term's tuition. Best stock pick: Florida Power and Light. He bought it for a split-adjusted $18 a share in 1983 then sold it a year later for $38. In 1996, he bought the stock again for an average price of $44.50 and sold it months later for $47. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , he earned a 13 percent dividend on the stock. Worst stock pick: Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. . He bought it for $47, then chased it down when it hit $45 and $37.50. He finally gave up, selling it at $33 a share. Investment philosophy: ``At one time I was a long-term investor Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. . Then, in the late 1980s I started trading on a short-term basis because of too many unpredictable things happening in the stock market. I would sell when my stock was $2 higher than what I bought it for. On the average, with most stocks you pick you can do that.'' CAPTION(S): Photo PHOTO (Color) no caption (Brian McCully) |
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