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Technology Stocks : Loral Space & Communications

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To: DMaA who wrote (2819)4/29/1998 5:39:00 PM
From: Valueman  Read Replies (3) of 10852
 
Dilution? I think not. $500 million total. Loral uses 210 million to purchase $70 G* shares at $50, and resells half to Soros for an eight dollar per share gain. We now own 4% more of G* which will add to earnings. That is far from dilutive. I would expect the same level of intelligent investment with the excess $325 million. I expect absolutely no dilution.
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