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Non-Tech : Eagle Hardware (EAGL) The Next Home Depo -- Ignore unavailable to you. Want to Upgrade?


To: Jim Caputo who wrote (385)11/24/1998 6:16:00 PM
From: Scott Mc  Respond to of 389
 
Eagle will get you $29 of Lowe's stock, whereas if you sell now you get $28 cash minus commission(thats the only advantage I can see and a small chance of further gain if Lowe's goes above approx $49).

Lowe's looks pretty good to me, not sure what I will do since I hold
20 convertible bonds and am short 550 shares of Eagle (50% hedge).

I just requested Lowe's annual report last night, whats everyone else doing, or any suggestions? Scott



To: Jim Caputo who wrote (385)11/25/1998 2:38:00 PM
From: mattie  Respond to of 389
 
Jim, You are correct. The deal will give us 29. unless Low moves above 45, then I beleive that we participate.

Stock is moving up regardless. I'm holding on for now. Plus Low has a great looking chart - should be easily above 45 soon.