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Non-Tech : Pathmark SUGHP.OB
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To: Paul Berliner who wrote (1)4/23/2000 11:40:00 PM
From: Philip Armstrong  Read Replies (2) of 23
 
Year end report should be out this week. You might want to buy some of those prefered shares.
Balance sheet says they have a value of $25.00 and the stock is trading at $2.5. If their anouncment of going public and making their debt holders common stock holders the prefered could be worth a lot more than where it is now.
The common is rumored to come out at $5.00 do the math.
They will proabily use a chapter 11 to transfer the assets.
The qustion is how many shares of common will you get for one share of prefered. My guess is 5.
When they reduce thier debt they will be a buyout candidate and where the stock goes from their.
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