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Non-Tech : PEP -- Time to buy?
PEP 143.60-1.7%Nov 3 9:30 AM EST
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To: Larry Novenstern who wrote (266)9/10/1997 1:10:00 PM
From: paul gambuto   of 392
 
gary, my thoughts. YUM will have 4.5 billion in debt. pepsi has 8.5 billion. so that's giving over 1/2 the debt to them. that will cut into earnings. i also don't think YUM will carry as high a pe as pepsi.the record date is the 19th, i think. after that we should know a little better what YUM will trade at.

holding both,
paulie
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