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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"
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To: John Liu who wrote (489)3/26/2001 4:27:49 PM
From: David D.  Read Replies (1) of 1185
 
Regarding Methode 5$ Cash

From recent 10Q

(In thousands)

Cash (see footnote 1) $187,771


Footnote 1 - Includes Stratos Lightwave, Inc. cash of $155,413 that will be retained by Stratos after the proposed spin-off and is not available to Methode.

Average Number of Common Shares outstanding:

Basic 35,575

SOURCE: Methode Electronics, Inc.

Quick Math-

$187,771 - $155,413 = $32,358

$32,358/35,575 = $0.91 worth of cash

Am I missing something?
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