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Non-Tech : Western Oil and Tire Distributors (WOTD)
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To: Bill Monahan who wrote (32)4/21/1998 1:40:00 PM
From: D LEE   of 255
 
I'm not trying to think of it exactly that way,
and I do imagine the WOTD #1 effort as a company is to succeed
and they have a very good start on that part.

Not being a researcher, One thing I am wondering:

How expensive is it for WOTD to obtain exactly what
CVIA has to offer in some other way?
(Their next best opportunity)

Then, Is this the more proper way to judge/estimate the
true value of CVIA compared to WOTD.

With regard to the time saved as per what has already been
done up to now, (which I would add as "value" accrediting that
to Jack Arnold and CVIA's related Shareholder efforts),
It seems there is a way to establish reasonable results
for the merger so that WOTD can begin what it has planned.

The exact elements of this type of reasoning are
out of my hands but perhaps at the bargaining table they
can filter out the unreasonable effects that have fallen
against CVIA because of the way this is being played.

I don't expect CVIA shareholders demand a penny more
than what they have to offer. The question being,
"Can WOTD recognize this and finally respond in kind
by offering not a penny less?"

(This way, I am thinking about WOTD's next best opportunity
and what it means to everybody concerned so far.)

Dave
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