To: Banks who wrote (936 ) 12/5/1999 1:31:00 AM From: OLD JAKE JUSTUS Read Replies (1) | Respond to of 1078
TO: ALL Posted for informational purposes only. Re-posted from the Raging Bull. In anyone's honest opinion is this theory or fact? We will soon smoke out the fact from the fiction. This doesn't sound too bad. What do you all think? From the Raging Bull CDNO thread: >>> Consolidated Capital North America (CDNO) By: onetowatch Reply To: None Sunday, 5 Dec 1999 at 12:40 AM EST Post # 12931 of 12935 Upon further digging, it seems the word on cdno's merger partner is even better than first thought.. We have learned that a certain Canadian steel company was leaked, apparently, as a diversion from the real merger target. The real target is a private financial services company, most likely based in Canada.. Indications are that the financial services company is in the venture capital, investment banking sector of this industry. This, in my opinion, is very good news, in that it bodes well for the after-merger potential of the company, with access to financing and a focus in a sector with considerably higher profit margins and higher eps multipliers than steel related businesses. This, coupled with Bagley's penchant for M & A, will create a synergy of forces that lead me to conclude that they will build the company on the CMGI model, acquiring and developing Internet, high-tech, and other growth orientated businesses. So what does this mean for the shareholders of CDNO? Well, in my opinion, the stock will see strong appreciation in value as the word of the pending reverse merger spreads. However, the greatest appreciation given the new scenerio will be seen as the market analyzes the full potential of the post merger company. (Voluntary Disclosure: Position- Long; LT Rating- Strong Buy)>>>