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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Steve Grabczyk who wrote (12016)	7/9/2000 7:25:28 AM
From: Bernie Goldberg	Respond to of 18929

Hi, Glad to have helped. The valuation on COMS is fairly easy to come up with. Present prices: COMS 56 13/16 PALM 31 1/16 Fact:At the present time each share of COMS owns 95% of PALM. Fact:Each share of COMS has the value of 1 1/2 shares of PALM included in its price. Conclusion:At today's price each $56.813 share of COMS owns $44.59 of PALM. The difference is $12.22 which represents what Mr. Market thinks each share of COMS is worth today. If COMS ends up on 7/27 being worth anything more than $10.22, that would represent IMO a profit on the spin-off. You get the $44.59 figure by multiplying PALM's price by 1.5. You then take 95% of the product. Bernie