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Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (20)	1/2/2000 4:04:00 PM
From: Paul Senior	Respond to of 494

So all ICD shares become IC shares sometime after ICD dividend record date. I see the price difference is $1 which I assume accounts for the .63 dividend. Looks to me like the issue at hand is whether IC(D) is a bank stock or something maybe more exciting (e-trading/interent/etc venture). If I take a conservative position and call it an aggressive bank (and apparently a "real" bank with a long term history,then per Yahoo, it's got some plusses and minuses: sells only a little above book value, has lots of cash. But has a debt/eq. ratio of almost 6:1. Are you expecting that in 2000 IC will be reevaluated by the market at a higher p/e than currently? Happy holidays, Paul Senior