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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: JakeStraw who wrote (1916)	4/26/2000 12:45:00 PM
From: BWAC	Read Replies (2) of 5499

For those who can plan ahead a little, I submit JCP again. I was just reading their annual report from the mail today. One quote that stood out: "We announced plans for an IPO of 20% of a tracking stock for our Eckerd business some time in the second half of 2000, depending on performance and market conditions. This initiative has the potential of creating a sizeable increase in stockholder value." ............."The drugstore tracking stock will keep our businesses together while giving investors an opportunity to invest in both....." "After the offering is complete, we intend to use the IPO proceeds to buy back a substantial amount of JCPenney stock."

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