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


To: Trumptown who wrote (13618)10/18/1999 6:42:00 PM
From: DlphcOracl  Read Replies (1) | Respond to of 57584
 
Sting-Ray 57: Awesome!! It gives new meaning to the phrase: "the market has taken a dump".



To: Trumptown who wrote (13618)10/18/1999 7:30:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
Hillarious! . . . . Hey. . .did you see RAD news? $300 million investment coming. . . CEO resigned and current Pres and COO is new CEO. . . Considering the direction the stock took under old CEO, I think this will be a welcomed relief to shareholders.

They are restating their financials for 97 through 99 . . which are lower by $500 mil.

Postponing 2.7 bil debt and getting $300 mil from the company that sold them the Thrifty chain. . .they will get a dividend that converts into common at $11/share [15% up from current price] . . . .Awe, just read it yourself here:

cbs.marketwatch.com

I like the news. . . who knows how shareholders will view it. . . ?

Rande Is