FTL- Fruit of the Loom Message Board

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Non-Tech : FTL- Fruit of the Loom

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To: MJ who wrote (17)	10/18/1999 2:28:00 PM
From: Marty Rubin	Read Replies (1) of 161

MJ: The way I see it, you take the days from now till Nov. 11 (plus the days for the money to be in your account) and find the interest you may earned from a cash account (money market). Than decide if it's worth the spread (market ask to Carnegie's ask). You have to look at the details of the offer. First, it's a small amount, and it's likely they will buy some at the open market and take away the offer when they have enough shares. I don't know their current position in the stock and how much money they have (e.g., if they buy only a few stocks, FTL must be good). The most I'm worried is debt. The Co. said they can manage it for the near future. I like FTL (so does SOC, which also carries large debt) because of their brands, and because I believe the problems can be fixed before creditors have a chance to take over.

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