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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Kerry Phineas who wrote (28988)6/12/1998 4:09:00 PM
From: Michael Bakunin  Respond to of 132070
 
A better question is whether KEP has further to fall. While the stock's getting cheaper, it's not without reason: burdensome debt, upcoming competition (e.g., AES), asset sales (probably good, but indicative of cash crunch), and so on. I think the ADR is trading at a good-sized premium, another reason to consider waiting. A nice panic should squeeze that right out, don't you think?



To: Kerry Phineas who wrote (28988)6/13/1998 10:48:00 AM
From: Knighty Tin  Respond to of 132070
 
Kerry, Most ADRs sell at at least a small premium. In the case of Korea, foreign ownership is so restricted that the domestic prices are the odd ones, not the ADRs.

MB


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