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Non-Tech : PEP -- Time to buy? -- Ignore unavailable to you. Want to Upgrade?


To: David Ondulich who wrote (357)12/31/1998 3:17:00 PM
From: Kelly Sheppard  Respond to of 392
 
I've got some options on PEP right now. What happens to them during an IPO? I remember going through this when they spun TriCon off. But this is different because they will/are supposed to maintain majority ownership.

Any thoughts?

Speaking of options. Take a look at Apr 30 Calls. They trade at intrinsic value. There's no premium for 4 months out?!? What's going on? Are they that cheap right now?



To: David Ondulich who wrote (357)1/5/1999 4:48:00 AM
From: joarel  Read Replies (1) | Respond to of 392
 
David,

I think PEP will move in large part because it's stock is under valued. The price target should accelerate this month as more fund managers get onboard for the year. I think we should be sitting somewhere in the $50's at year's end. Anything more would be welcome!

-joarel