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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jenna who wrote (483)6/3/2001 10:32:29 PM
From: lee kramer   of 1227
 
TYCO will sell 2 billion in stock (that's called dilution) to repay some debt. Ostensibly, the debt was incurred at higher interest rates. So with rates low now the deal makes sense if the interest savings exceed the dilution. I'll leave the pea counters to do the numbers...I'll watch the price of the stock tomorrow...that'll tell me what I need to know.
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