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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Teflon who wrote (5733)	8/31/1999 11:07:00 PM
From: voop	Read Replies (1) \| Respond to of 54805

every share of stock distributed by SFE to its shareholders reduces SFE's basis in the IPO'd venture and therefor decreases SFE's NAV and thus in the strict sense of valuation would correlate to SFE's stock trading down thus reflecting the reduced NAV of SFE... Teflon, I know from your posts that you are more erudite than I in the matters of Lower Manhatten, but I thought you were originally saying that the SFE IPO lowered your basis. The above sentence would indicate that SFE value would decrease by spinning off IPO but would not effect the basis when you purchased your shares, no? Thanks for the help Voop