EATON'S IPO (JUNE 2ND) Message Board

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Gold/Mining/Energy : EATON'S IPO (JUNE 2ND)

ETN 385.07

+0.5%

11:21 AM EDT

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To: n.p. who wrote (11)	2/19/1999 7:56:00 PM
From: Serge Collins	Read Replies (1) of 68

It's ironic that Eaton's share price has collapsed, now that their stores are finally starting to look up for the first time in years. I visited three different stores in S. Ontario in the last few weeks and was rather impressed with the layout, the merchandise selection and the prices. This is in sharp contrast to what they looked like this past summer, when most stores looked in disarray, prices weren't that competitive and staff looked confused and lacked focus. It was a while in coming but I think Eaton's is now positioned to compete effectively with Sears and looks in much better shape than The Bay, which seems to look disorganized whenever I visit their stores. Only time will tell if Eaton's has finally turned things around. I think the recent swoon in the share price is related to a number of factors, the most important being that speculators who bought recently based on takeover rumours, are bailing out.

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