Fingerhut (FHT) goes on Web site acquisition binge Message Board

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Technology Stocks : Fingerhut (FHT) goes on Web site acquisition binge

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To: steve host who wrote (122)	1/28/1999 7:27:00 PM
From: David B. Higgs	Read Replies (1) of 144

I hate to be stupid but can someone explain something to me. I have some FHT in my core holdings but can anyone explain all the talk about spin-offs and IPOs? If FHT in most cases only owns 19.9% of some of these internet retailers (slightly more in PC Flowers), how can FHT spin these off? And if they could how significant is a 19.9% share to FHT stock and/or FHT shareholders in an IPO. Lets say FreeShop goes public. What kind of conversion would we be looking at? Perhaps one share of FreeShop for each 500 shares of FHT. I don't know about you folks but I won't get rich this way. I understand the other aspects of FHT's business, including its internet holdings, and I excited about it mid to long term outlook, but I need help on the IPO/Spin-off angle.

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