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Biotech / Medical : Novacare (NOV) breaking out...
NOV 15.67+0.8%Dec 19 9:30 AM EST

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To: Todd D. Wiener who wrote (290)6/4/1998 10:37:00 AM
From: Sigmund  Read Replies (1) of 420
 
Thanks for your as usual very thoughtful analysis.

<<< Within the next 6 months, NOV expects to have plans for a capital refunding, such as replacing higher interest debt with convertible debt or preferred stock. NOV is looking at all options.<<<

That should improve both earnings and lower the PE on the spot.

This rumor might have been started by a short seller. It has all the markings of such to me.

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