SPGLA - Here is an article out of Business week.
It's a few weeks old but I think is relevent to the buy-out rumors.
Downers Grove, Illinois, Jan. 14 (Bloomberg) -- Clothing and home-furnishing retailer Spiegel Inc. could be an attractive stock for investors interested in Internet stocks that aren't as expensive, Business Week's ''Inside Wall Street'' reported. Investment manager Mark Boyar said the company, which has been online more than three years and whose Internet sales make up a small percentage of their total, could see Web sales jump in a year to $300 million, or 10 percent of total sales. An unidentified strategist at an investment bank said Spiegel shares, which closed at 8 today, could be worth 20 in a buyout, the magazine said.
Eddie Bauer, a unit of Spiegel, said it expects fourth- quarter revenue from its Internet site to more than triple amid a surge in online shopping. (BW, 1/14, 92, www.businessweek.com) |
