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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: VALUESPEC who wrote (874)11/12/1997 9:58:00 AM
From: rci  Read Replies (2) of 1923
 
VALUESPEC,
Assuming that your statement is correct: ("the combined companies had a significant drop in earnings for the two reported quarters (six months) from last year (.45 down to .23)"), and that the price of ATPX is approximately the same as before the merger, two things occur to me....
1. earnings are halved with no real difference in share price to Lunn investors
2. TPG has been assimilated, for better or worse, at no $ difference to us
How are we worse off than we were before the merger, unless the stock drops to the $10-11 range? JR
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