Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (11045)	8/19/1999 7:39:00 PM
From: david james	Read Replies (2) \| Respond to of 57584

Rande, I would enjoy your take on the following. ABTE (telecommunications, lays fiber optics, developing EZ Pass in New Jersey) will have revenues this year in the $400 to $500 mill range and they have a market cap of around $120 mill. Today, after the close Nelson Peltz of Triarc (same guys that took over Snapple and Arby's and probably a billionaire) announced they are considering buying out $40 mill of ABTE's debt (for stock). The debt is mostly to MCI-Worldcom. This will probably mean that they own 25%-30% when its all done. Any opinion? biz.yahoo.com