RE: Phoenix as a TrustWell, I guess I got lucky as I have been accumulating more of this one lately including last Thursday at $3.55. The multiple at $4.25 is only 17, which is similar but still less than to PD's 18. The earnings growth rate of PHX is far superior and they have an outstanding balance sheet with no net debt and a P/B of only 2.56 according to my recent calculations. I think the stock was very undervalued and perhaps now we are simply realizing a more realistic valuation. Seems to me there is still room for stock appreciation from here. Cheers!!!