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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo
EAGL 1.550-1.3%Jan 21 4:00 PM EST

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To: Paul K who wrote (190)10/10/1997 1:38:00 PM
From: Sunny Jim   of 389
 
Paul,

I just checked quotes and EAGL is having a sale on their stock. It was at $16 3/4 bid 7/8 ask, but by the time I was able to get an order in, the ask moved to 17 1/8 where I doubled up. At these prices, EAGL starts to become a takeover candidate again. Lowe's Company would probably like to get into Eagle's territory to compete with Home Depot, and it would make a lot of sense to accomplish that buying EAGL. Lowe's stock price has moved up recently so a stock deal for EAGL would make a lot of sense. Any comments?

Jim,
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