SKM, S.K. Telecom, nyse, depressed buy, w/close stop Message Board

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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 20.21

+0.2%

Oct 31 9:30 AM EST

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To: KZAP who wrote (117)	7/31/1998 10:40:00 AM
From: peter michaelson	Read Replies (1) of 122

I hope you guys are keeping in mind that SKM is selling on the NYSE at a substantial premium to its value on the Korea Stock Exchange, calculated as follows: KSE price = 486,000 won. USD = 1231 won USD price on KSE = $395. 90 ADR's = 1 share KSE USD value of 1 ADR = $4.39 Price of ADR on NYSE = $7.88 Premium paid per ADR = $3.49 Premium/Value = 3.49/4.39 = 79% Instructions are on the SKM Yahoo thread as to buying the KSE shares and shorting the SKM shares. Peter

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