A Firm Floor Under United CapitalBy
For a company in the thick of rough-and-tumble real estate, United Capital has been having an upbeat time since 1991, when earnings started to stabilize. Its shares, trading on the American Stock Exchange at 3 at the end of 1992, have zoomed to 10. Time to bail out? In fact, new players have been buying in--convinced the stock is worth much more. What's the deal?
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