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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
RESOURCE AMERICA, INC.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
761195205
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 5 pages
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CUSIP No. 761195205
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Laifer Capital Management, Inc.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) |_|
(b) |_|
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
5 SOLE VOTING POWER
0
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0
12 TYPE OF REPORTING PERSON (See Instructions)
CO, IA
Page 2 of 5 pages
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Item 1. (a) Name of Issuer:
Resource America, Inc.
(b) Address of Issuer's Principal Executive Offices:
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 filed pursuant to sections 240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under Section 15
of the Act (15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the
Act (15 U.S.C. 78c).
(c) |_| Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c).
(d) |_| Investment company registered under section
8 of the Investment Company Act of 1940
(15 U.S.C. 80a-8).
(e) |X| Investment adviser in accordance with
section 240.13d-1(b)(1)(ii)(E).
(f) |_| Employee benefit plan or endowment fund
in accordance with Section 240.13d-1(b)
(1)(ii)(F).
Page 3 of 5 pages
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(g) |_| Parent holding company or control person in
accordance with Section 240.13d-1(b)(1)
(ii)(G).
(h) |_| Savings association as defined in Section
3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the
definition of an investment company under
section 3(c)(14) of the Investment Company
Act of 1940 (15 U.S.C. 80a-3).
(j) |_| Group, in accordance with ss. 240.13d-1(b)
(1)(ii)(J).
Item 4. Ownership:
(a) Amount Beneficially Owned: 0
(b) Percent of Class: 0
(c) Number of Shares as to which the person has:
(i) sole power to vote or direct the vote - 0
(ii) shared power to vote or direct the vote - 0
(iii) sole power to dispose or direct the
disposition of - 0
(iv) shared power to dispose or direct the
disposition of - 0
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
Page 4 of 5 pages
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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 and are held in the ordinary
course of business and were not acquired and are not
held for the purpose of or with the effect of
changing or influencing the control of the issuer of
the securities and were not acquired and are not
held in connection with or as a participant in any
transaction having that purpose or effect.
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
--------------------------
Lance Laifer
President
Date: February 10, 1999
Page 5 of 5 pages
