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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
RESOURCE AMERICA, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
761195205
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP No. 761195205
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Laifer Capital Management, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
28,200
NUMBER OF
SHARES 6 SHARED VOTING POWER
- 0 -
BENEFICIALLY
OWNED BY 7 SOLE DISPOSITIVE POWER
28,200
EACH
REPORTING 8 SHARED DISPOSITIVE POWER
37,600
PERSON
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,800
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.4%
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12 TYPE OF REPORTING PERSON (See Instructions)
CO, IA
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Item 1. (a) Name of Issuer:
Resource America, Inc.
(b) Address of Issuer's Principal Executive Offices or,
if none, Residence:
1521 Locust Street
Philadelphia, PA 19102
Item 2. (a) Name of Person Filing:
Laifer Capital Management, Inc.
(b) Address of Principal Business Office or, if none,
Residence:
45 West 45th Street
New York, New York 10036
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
761195205
Item 3. If this statement is being filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person filing is
an:
(a)[ ] Broker or Dealer registered under Section 15 of the
Act
(b)[ ] Bank as defined in section 3(a)(6) of the Act
(c)[ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d)[ ] Investment Company registered under section
8 of the Investment Company Act
(e)[x] Investment Adviser registered under section 203 of
the Investment Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of
the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see
13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with
13d-1(b)(ii)(G) (Note: See Item 7)
(h)[ ] Group, in accordance with 13d-1(b)(1)(ii)(H)
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Item 4. Ownership:
(a) Amount Beneficially Owned: 65,800
(b) Percent of Class: 1.4%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote - 28,200
(ii) shared power to vote or direct the vote - 0
(iii) sole power to dispose or direct the disposition
of - 28,200
(iv) shared power to dispose or direct the
disposition of - 37,600
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to
be the beneficial owner of more than five percent of the
class of securities, check the following |X|.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group: Not Applicable
Item 10. Certification:
By signing below I certify that, to the best of
my knowledge and belief, the securities referred
to above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction
having such purpose or effect.
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Signature
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
LAIFER CAPITAL MANAGEMENT, INC.
BY: /s/ Lance Laifer
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Lance Laifer
President
Dated: February 11, 1998
