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Strategies & Market Trends : Arbitrage Plays

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To: Allen Furlan who wrote (243)9/12/2000 6:15:04 PM
From: Paul Senior  Read Replies (1) of 376
 
Allen (or anybody else): What's your opinion on the choices for CG holders? I'm in a tax free account and I'm leaning away from complicated (to me) SAILS. Would take the $74 in new stock, but only 30% might be available. Looks like I can get out with Cash/SAILS since they will try to get a NYSE listing for the SAILS. Creating treasury SAILS, dealing with "purchase contract settlement date"(4year anniversary period) , "integral multiples of 5000 SAILS" (that'd be from 5000sh of CG stock?? --yeah, right -g-), debentures, -- it's too much. OTOH, if many other people also feel that way, then maybe there's a very good reason for sticking with the SAILS, as they might be or become very undervalued.
What's your opinion at this point?

Paul.
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