Eagle Hardware (EAGL) The Next Home Depo Message Board

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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo

EAGL 1.550

-1.3%

Jan 21 4:00 PM EST

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To: Tim O. who wrote (84)	5/23/1997 11:06:00 AM
From: Scott Mc	of 389

I don't know what the stock closed at for the end of the quarter, however that may make a differerence. If below $18 I believe the convertible Deb will be counted as a loan and earnings per share will look higher than if it closed at $18 or higher when the debenture is considered equity. Maybe someone knows it the stock was under $18 and if the accounting rules change the convertibles back and forth depending on price? There was sure a negative impact to the stock the 1st time the debenture was counted as equity.. Scott

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