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.
Non-Tech : Tyco International Limited (TYC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Terrapin who wrote (767)12/2/1999 10:14:00 AM
From: Chuzzlewit  Read Replies (3) of 3770
 
Frankly, I think tracking stocks are gimmicks. After all, what does an investor get (own) with a tracking stock? He doesn't own the segment he is "tracking"; he only gets financial data for that segment. What he gets is fractional voting rights for the overall business.

I think that TYC generates sufficient cash flow from its businesses to fund the expansion it needs. If TYC prudently chooses its acquisition targets there should be no problem. With the shares of TYC relatively depressed, and with investor preference for cash because it eliminates the synergy risk (there was an HBR article on this issue), I see no problem with this strategy.

TTFN,
CTC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News