Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24719)	7/5/2002 8:22:26 AM
From: Joe Copia	Read Replies (1) of 25711

ok, this is my "take" on the WCOME situation. On Friday, July 12th WCOME and MCITE will cease to trade and on Monday the 15th both will trade as one under a "combo" ticker. WMCI? No idea as to how they will divvy up WCOME/MCITE. Maybe a 2-3 WCOME/1MCITE you get 1 share of WMCI?. No matter to me. I think WCOME/MCITE will survive. It is one of the original/mother telco's and those that are long will benefit greatly. As far as which stock to own prior to the July 15th date is purely a personal opinion, but I like WCOME. I am hearing some folks are buying MCITE in hopes of them paying the declared $0.60 dividend. IMO, that simply will not happen. The bondholders will simply not allow that. Stay tuned.

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