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Strategies & Market Trends : Aetna ( aet)
AET 212.70+0.3%Nov 28 4:00 PM EST
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To: blankmind who wrote (94)3/11/2000 10:00:00 AM
From: Logain Ablar  Read Replies (1) of 110
 
bm:

Compton was crowing on the deal and didn't realize he was taken to the cleaners till months later (and he was president of amre prior to becoming president of AET) and would never admit it.

On Donaldson one point to remember is he has been a board memeber since 77 and has approved AET's fiasco's in many areas (oil & gas, mortgage loan over concentration, am re, health care, etc). Remember at one time AET owned 1/2 of the old 20th century fox properties (vail, pebble beach etc.) Many mistakes over the last 20 years (and not in hindsight since finance areas recomended against the deals but CEO's ego's prevailed). Of course thoses that objected to Filer, Lynn or Compton are now gone (and are far better off for leaving).

I would not be surprised to see AET reject the offer and throw the street a token bone on disposing the international operations with promise of more to come just to buy them time. Remember this is an entrenched management and WEAK board. They do not have a track record of putting the shareholder (nor client) first.

I think you can see mid 40's again from this level. My take on the risk but I'm a side line observer. I expected the stock to hit the 30's so I never entered a position b/4 the last run.

See one of my earlier posts on what they would need to do to maximize value on a break up.
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