Last week was a time of new all-time stock price highs for three San Diego companies, according to Irving Katz, director of research at San Diego Securities.
The market, apparently discounting Home Federal Savings & Loan's credit card portfolio write-offs last fall, pushed the company's stock price to $28.375, up about $9 from last fall.
The Price Co., sitting on a two-for-one stock split, hit an all-time high of $75 Monday, barreling past its old high of $72.25 per share, while Beeba's Creations reached $14.875, its all-time high, and up significantly from the $8.25 offering price in November.
Great American First Savings Bank, honing in on this Friday's shareholder meeting to approve its merger with Home Federal of Arizona, rose $0.625 for the week to $22.375. Estimates predict earnings per share this year of $4.40, Katz said, which means the stock is selling for about five times earnings.
Titan Corp. was featured in Barrons on Monday, pushing its stock to $9.50 before closing at $9.25. Coincidentally, Katz said, Titan Chairman J.S. Webb bought 3,000 shares of Titan stock at $6.63 in November, just prior to the stock price's rise.
Intermark's stock closed Monday at $16.625, just shy of its all-time high, following the sale in the past month of its Square D and Dynamark holdings for more than $40 million.
Finally, New York investor Robert Wilson has bought 130,000 shares, or 2.8% of the stock, of Energy Factors.