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Gold/Mining/Energy : CIBC tse/cm
CM 86.90+0.4%Dec 3 3:59 PM EST

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To: James W who wrote (115)3/16/1999 6:49:00 PM
From: Poseidonas  Read Replies (1) of 147
 
To ALL: CIBC will be on the move fast.

CIBC owns 25% of Global Crossings (GBLX) which has gone from $12/share to over $51/share since it's IPO about 7 months ago. GBLX market cap has gone from $4 Billion to $20 Billion during this period. This equates to $1 Billion to $5 Billion for CIBC's 25% share. An increase of $4 Billion. Most of the increase took place over the past couple of months -- during this period CIBC stock has not adjusted to account for this increase.

It's only a matter of time before this happens!!!
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