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  September 5, 2001
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Home > Company Index > Financial Services > Miscellaneous Financial Services > Resource America, Inc.

Resource America, Inc.
Nasdaq: REXI
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 PROFILE
Resource America is returning to its roots. After branching into real estate and leasing, the firm is refocusing on its regional natural gas and oil operations. Its energy operations (Atlas America, about 70% of sales) drill for gas and oil in New York, Ohio, and Pennsylvania. Resource America has interests in more than 4,000 wells and owns proved reserves of more than 125 billion cu. ft. of natural gas and oil equivalent. It also owns a majority of gas pipeline operator Atlas Pipeline Partners. Resource America purchases troubled commercial property loans through its real estate business. The company has sold its equipment-financing unit, Fidelity Leasing, and discontinued its home mortgage loan business.

 COMPETITION
Belden & Blake Corporation (dossier)
Ocwen Financial Corporation (OCN)
Petroleum Development Corporation (PETD)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 89.20
1-Yr. Sales Growth: (37.0)%
Employees: 199
Revenue per employee: $448,241.21

 KEY PEOPLE
• Edward E. Cohen
    CEO
• Steven J. Kessler
    CFO

 CONTACT INFO
1521 Locust St., Ste. 400
Philadelphia, PA 19102
US
Phone: 215-546-5005
Fax: 215-546-5388
Online: Web Site

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