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Non-Tech : PEP -- Time to buy?
PEP 147.56+0.9%Oct 30 3:59 PM EDT

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To: David Ondulich who wrote (357)12/31/1998 3:17:00 PM
From: Kelly Sheppard   of 392
 
I've got some options on PEP right now. What happens to them during an IPO? I remember going through this when they spun TriCon off. But this is different because they will/are supposed to maintain majority ownership.

Any thoughts?

Speaking of options. Take a look at Apr 30 Calls. They trade at intrinsic value. There's no premium for 4 months out?!? What's going on? Are they that cheap right now?
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