SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : STAR Telecommunications (STRX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Spaw who wrote (303)8/18/1998 8:06:00 AM
From: Terp   of 780
 
Spaw, CEO wants PT-1 bad. The street hates this deal, even with pooling and accreditive earnings. You are right, the stock will be dead with an outright purchase. Then what will they do, issue twice as much stock to get it done? Probably, which turns out to be the nail in the coffin for a lot of decent companies. Biting off more than they can chew at a higher price (dilutive stock, in this case) than they wanted to.

I think this may explain the 8700 Aug 25 put contracts. That may have been protection all along against a move such as this.

I did talk to the company last night and everything Cat mentioned is true. They were in the board meeting when I called. They said the decision would be made public as soon as possible, but would not give a time frame.

Will probably see short term downgrades on the stock following the purchase announcement, which Bear Stearns says is inevitable, according to Cat's post.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News