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Non-Tech : PEP -- Time to buy?

PEP 141.65

-0.8%

3:19 PM EST

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To: paul gambuto who wrote (183)	7/28/1997 12:28:00 PM
From: caricom	of 392

Paul, We do quite a bit of business with Pepsico Restaurants Int'l which will be a part of the new Tricon. I'm told by the VP we deal with that they are aiming for as low of price as possible, with his guess being $5.50. He also mentioned that Pepsi is planning on loading the restaurant spinoff with debt. Insiders expect Pepsico to do very well after the spinoff, but they are not very enthusiastic about the short term for Tricon. Also, Pepsico is hoping to reach 42-43 prior to the spinoff. Wouldn't remotely consider this to be the last word here, but prior info from the same source has been reasonably accurate Pepsico is considering a spinoff of the bottling division and already have made some moves to facilitate such a spinoff. This would be very good for Pepsico stock, as bottling division is very slow growth. Caricom

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