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To: Michael R. who wrote (4027)7/2/1998 5:31:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 8879
 
Actually, if 35% of the shares are cancelled, it would increase the EPS by 54%.(35/65--amount removed / amount left)
Of course, that is assuming no reduction in revenues from this action.

Try it with some numbers:$10,000,000 earnings/57,000,000 shares = .175 EPS

$10,000,000/37,000,000 = .270 EPS

The EPS would increase by .095 or .095/.175 = 54%

TG


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