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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (352)	11/12/1999 7:40:00 AM
From: valueminded	Read Replies (1) \| Respond to of 1185

Stewart: JCPenney is one you may have mentioned in the past, & I believe it looks compelling. (ie Unfortunately I have already established a small position and it went downhill 10% from there) Eckerds spinoff (been approved) and sale of credit card operations to GE (around 4billion to be applied to debt) were in my opinion good moves. Eckerds alone seems to have a value close to the selling price of the stock (I put it at around 20/share). If they create tracking at 20%, use proceeds to pay down debt & buyback stock and stick eckerds with a reasonable debt to equity, it could leave JCP nearly debt free at a cost of around 6. Issues are credibility of management (big issue) imo. The cb doesnt seem to own any shares nor does he seem interested in acquiring any. A cause of concern for me You have any thoughts on this one ? thanks

To: Stewart Whitman who wrote (352)	11/12/1999 12:02:00 PM
From: voodooist	Respond to of 1185

Thanks for your analysis, Stewart. PTV is trading like it is about to disappear. I would have thought that by the spinoff date, most of the sellers would have been out.

To: Stewart Whitman who wrote (352)	11/16/1999 2:25:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 1185

Hi Stew and others: Anyone have any opinion on ALT? Could it be that sum of 3 parts might(?) be worth more than current ALT price? Lot to sort out with this deal.