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Non-Tech : Advanta Corp A (ADVNA)
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To: Keith J who wrote (16)11/10/1997 7:42:00 PM
From: Thorr   of 41
 
Keith, book value est. are closer to 25 a share. But the company is coming out with a proxy that includes selling the credit card bussiness to Fleet financial and then buying back aprox. 40% of the shares between 40-45$ a share.

The question remains what is the rest of the company worth?

My good friends at Morgan Stanley say the stub is worth 2.50 eps in 1998. I think they are confused and the stub is closer to 5.00 eps 1998.
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