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To: MangoBoy who wrote (186)3/13/2000 5:23:00 PM
From: J. Conley  Read Replies (1) | Respond to of 955
 
Well, I guess now Bear Stearns, instead of the quite reasonable $240 price target per ADR I suggested earlier, can go with a mere $60. Hehehe.

In addition to the likely increase in volume of shares traded and consequent increased buying by institutions, I think this move is also likely to help the casual observer to understand the numbers. The trailing $18+ earnings per ADR is NOT a typo. Neither is the BV per ADR. Neither is the PE ratio of around 6 or so. If the ADR trades with one common share per ADR, it will help people to quickly comprehend the numbers which they are not now doing on first glance. (By the way Schwab, e.g., still has this information wrong.)

Also, I received email from a researcher at Marketguide stating they would update the Marketguide information soon, so I expect the correct information will be more readily obtained by all investors.

Thanks for posting the news.