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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: jim bowman who wrote (6604)	11/11/1998 5:20:00 PM
From: Larry S.	Respond to of 7247

AMP - Good Position Trading Stock and general comments: I have just discovered this thread, only to see it bordering on its demise. I certainly understand Tim's feelings and respect his desire to have personal time. I hope this thread will continue with the original goal as stated. so i offer some analysis on AMP, AMP is a large manufacturer of electrical connections. It has not done well the past few years. ALD - Allied Signal - came in and offered to buy AMP for 44.50 cash, when the stock was in the low 30s. AMP is located in Pennsylvania, and is trying to use PA's anti-takeover laws as well as its own poison pill. Right now it looks like ALD will succeed. AMP said today that it might put itself up for sale. Personally, i think AMP will seek a white knight or accept a higher offer from ALD. AMP does have a large stock buyback announced at $50/share i think. Larry