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Gold/Mining/Energy : EATON'S IPO (JUNE 2ND) -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Paul who wrote (3)	6/12/1998 10:55:00 PM
From: William Whitehead Jr.	Read Replies (1) \| Respond to of 68

$2.50 a Share No Way! Anything over $1.50 is far too aggresive of a earnings projection! Furthermore given the state of the Canadian dollar - interest rates are going to have to go up at some point (end of August at the latest) and when they do there goes consumer spending and fast! Also don't compare Eatons to other department stores because Eaton's no longer has thier own credit facility - they were forced to sell it off as part of the restructuring. Just some thoughts ... Eatons is a fine company but there are better retail prospects on the TSE. Whitey,