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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?

To: Judy Muldawer who wrote (5806)	12/29/1999 9:22:00 AM
From: Jeff Mulder	Read Replies (1) \| Respond to of 6445

Last fall, Cendant (CD) did a share buyback similar to the one you describe for IGT. You may want to look at how it performed for an idea of what may happen with IGT. Best I remember, the stock climbed slightly above the buyback price for a couple weeks, then dropped considerably below it. Earlier this month, CD spiked upward on news that Liberty Media was taking a stake in the company. - Jeff

To: Judy Muldawer who wrote (5806)	12/29/1999 11:32:00 AM
From: Bruce A. Brotnov	Read Replies (2) \| Respond to of 6445

Judy, I see news was announced on 6 Dec that IGT would offer to recall 11 million (of 85 million) shares at $21. The chart is fine and a pretty solid base in 18-21 area and they also received $29 million in legal settlement from another firm, and probably using the settlement towards buying back shares as well. Next year estimate is 1.77 and current PE is 35 vs 41 for gaming sector. I don't follow this sector but even a conservative 25 PE makes it worth $44 and for a long term holder like you - I suspect you will probably keep your shares. Bruce