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Non-Tech : MAT - Mattel - toysRthem -- Ignore unavailable to you. Want to Upgrade?

To: Zakrosian who wrote (284)	10/21/1999 3:57:00 PM
From: Duker	Read Replies (3) \| Respond to of 706

Zak, What was most troubling to me (aside from the fact that I can not stand to hear her voice) was the following exchange: (I will paraphrase the Some Guy character ... but, the figures I use are correct and Ms. Barad's response is verbatim.) Some Guy: If you could sell TLC for $2bn today, would you do it? Jill: NO. Some Guy: Not even for $2bn? Really? Jill: NO. From my perspective, that is an awful answer. $2bn on roughly 440mm fully diluted shares is $4.55 of value immediately. $4.55 on $13 is over 35% for the beleaguered shareholders out of the box. With the proceeds, they could pay down all the debt (assume the ST is largely seasonal, so that stays and naturally works back down to $190mm or less) and repurchase 60mm shares (14% of the company) and be debt free with total freedom to pursue further stock buybacks and to invest in the Core Brands. Very frustrating. --Duker