Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (28)	3/13/1998 12:54:00 AM
From: Ian A.	Read Replies (2) \| Respond to of 38

Electrohome issued its news release today that the restructuring had been approved by Revenue Canada and that it should be finalized by the end of April. newswire.ca This being the case why are the shares still being traded at a discount to the valuation of the Baton shares and no value is being accorded the Visual Communication business. It appears to me that the Baton shares, currently trading at $23.70 should be valued at approx. $20.00 per EL share (EL owns 7 million BNB shares and there are 8 million EL shares outstanding). Visual Communications with sales of approx. $100 million should be worth a few dollars. Unless I am making an error in my assumptions the shares currently at $19.00 are discounted by approx. 25% IMO. Have you heard any estimates of the share prices when the company is restructured into its 2 components. Ian