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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (20309)8/7/1998 11:30:00 AM
From: Upstock  Read Replies (1) of 79268
 
RE: CADE

Doug,

What is your take on the CADE Shareholder Rights Plan?

For the Rights to have any value a take over offer would have to be for more than $15.00? If so, isn't $15.00 a high price for a stock trading under $3.00. I don't believe this Shareholder Rights Plan would deter a hostile take over of CADE in the near-term.

If my thinking is going down the wrong track, could someone help me on to the right track.

AL
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