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Gold/Mining/Energy : BCE Blue chip growth stock -- Ignore unavailable to you. Want to Upgrade?

To: Greg Reinhart who wrote (116)	1/28/2000 10:08:00 AM
From: Colin	Respond to of 275

thanks greg. eom

To: Greg Reinhart who wrote (116)	1/28/2000 11:48:00 PM
From: jack bittner	Read Replies (1) \| Respond to of 275

Greg, i have a sheet i printed from First Call and IBES say BCE in US$ earned $2.00 in FY1999, says implied p/e ratio 49.8. reuters and yahoo say trailing twelve month earnings $5.56 with p/e of 18.8 (now bit less). d'you know who's right? difference is not the apx 20% currency differential

To: Greg Reinhart who wrote (116)	1/29/2000 12:03:00 AM
From: jack bittner	Read Replies (3) \| Respond to of 275

Greg, why do you say ~$109 worth? i think you'll get .78 of a share of nt for each share of bce. that'll be "worth" whatever nortel sells for that day x .78. if, for example, for easy arithmetic, BCE sells for say 100 at the moment of the dividend and nortel sells for say 93 - which was the apx relationship TODAY - you'll get a .78 of 93, or ~$72.50 "worth" of nortel and, if the market were perfectly arithmetic, bce would for the moment drop from 100 to $27.50 a share. or do i have this wrong and mr monty's gonna give me $109 in stock no matter what price each stock is at? where does that $109 come from? is it .78 of an assumed price for nt when the distribution is made? i just read some other posts: my figures are in $US, but principle is the same. you'll get .78 per nt's share value and the immediate efect will be to reduce the value of your bce holdings by the value of the new nt shares you just got. no free lunch.