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Non-Tech : HOMEBASE (HBI)
HBI 6.4700.0%Dec 1 4:00 PM EST
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To: advinfo who wrote (30)7/10/1998 4:28:00 PM
From: George Mc Geary  Read Replies (1) of 99
 
Lowes Rumor to buy at $14 hit the floor at 3:30 and the stock bounced nicely. Lowes generally grows through internal growth rather than takeover, may be the stock was just too undervalued to pass it up. Monday would be the normal day for announcements of this kind b4 market opens if it is true. If true this should bounce to $12 immediately. No report as to wether it was for cash or stock.
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