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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: Philip Tung who wrote (133)6/17/1999 7:17:00 PM
From: Elroy  Read Replies (3) | Respond to of 1413
 
this stock at $30 would have a market cap of way over 10 billion if indeed they have 360 million shares outstanding. In my opinion, the stock won't move much, the valuation is way over excessive

Any reasons why 'over $10 billion' is excessive, or did you decide this arbitrarily? What valuation seems appropriate to you? What do you mean "if indeed they have 360 million shares outstanding"?!!

Forget it, you haven't even read the prospectus, have you?

Elroy



To: Philip Tung who wrote (133)6/18/1999 10:03:00 AM
From: Stormweaver  Read Replies (1) | Respond to of 1413
 
I think the stock will move up 20-30% the first day just based on future potentials. As Elroy says this is probably a longer term play not a short term pop.



To: Philip Tung who wrote (133)6/18/1999 12:29:00 PM
From: RDR  Respond to of 1413
 
Based on the TD folks total available shares are 333 million and 10% will be available for public to trade (including BIG guys). Now we are left with about 33.5 million shares as float. If BIG Boys are getting in on this IPO it is reasonable to expect the float to shrink to about 10 million or so. Are these reasonable numbers for float.. comments ????

Regards,