Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event Message Board

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Gold/Mining/Energy : Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event

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To: Scott Mc who wrote (5)	11/11/1997 7:04:00 PM
From: M. Merriam	Read Replies (2) of 38

Scott, The release looks good, although I notice that operating profit is down from the previous quarter. You must find the following statement encouraging: "John Pollock noted that, in addition to its Visual Communications business, Electrohome's investment in Baton on November 10 had a market value of $175 million versus overall market capitalization of Electrohome of $109 million. ''We are surprised by the continuing gap between the Electrohome/Baton share price and are considering a number of alternatives to address this issue.''" By the way, that Nam Tai really took a dive the other day, despite releasing very strong earnings. I gather that the market doubts that they can be sustained. Guess that I can't win all the time :-( --Mike

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