Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Fast Eddie who wrote (32399)	4/23/1999 11:49:00 AM
From: IJReilly	Read Replies (3) of 122087

Eddie- re-LPGL To clarify: LPGL owns 2.6 MM shares NETP. Thus each $1 of NETP adds about 15 cents to a share of LPGL. However, this is only part of the story. The long argument is 1)LGL has a profitable insurance business. They posted $1.97 per share in earnings last year, and pay a dividend. 2)They have invested in a number of tech businesses, among them WGAT which IPO'd recently, and RAMP which is scheduled to go in a month or so. Does this mean it won't dump after the IPO of NETP? I don't know. But I don't think the recent rise has all been in anticipation of this IPO only. If you get a few bucks off of this, (maybe you already have) you may want to look at what "similar" stocks-WCAP, SFE, CMGI- are doing to see if you should close. They have tended to move together recently. Hope this helps. IJ

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