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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"

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To: cfimx who wrote (1019)8/6/2006 9:03:55 AM
From: cfimx  Read Replies (1) of 1185
 
further research...when Hertz was taken private at $15b, the price included all debt, corporate, as well as debt secured by
"earning assets" i.e the cars and equipment. This makes the CD stub seem less attractive at about $10b to $11b "all in". When hertz trades publicly after IPO, we will have a direct comp for CARS. Until I can get a clearer comp for cars, I think the other two issues are the ones to focus on.
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