Shearhart Corporation (SHW) Home and Rural Message Board

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Gold/Mining/Energy : Shearhart Corporation (SHW) Home and Rural

SHW 344.94

-0.9%

Oct 31 9:30 AM EST

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To: Scott Mc who wrote (65)	11/3/1999 12:11:00 PM
From: Conky Lives!	Read Replies (2) of 86

Scott, I'm holding my shares for $1.65. However, seems a little odd that the stock is trading at such a discount to the buyout target $1.65. Such a discount can be attributed to a lack of confidence in the deal succeeding. Aside from the due diligence, I don't see there being any other hurdles. The 66.4% lockup is a very substantial amount (and probably obtained with Shearhart management cooperation). Also, because Shearhart's business is cyclical with a large proportion of its revenue generated during the upcoming holiday season, I'm sure the buyer will move quickly to acquire/control the company prior to the end of the year. Leon

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