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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: MythMan who wrote (17090)1/28/1999 8:49:00 AM
From: accountclosed   of 86076
 

Amazon.com sets $500 mln debt offering


biz.yahoo.com

So their stock is so undervalued that they can't issue stock for capital needs (one can only imagine the conversion price). They probably want the cash to repurchase stock on the open market since it is such a bargain. <s>
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