Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (3806)	2/11/1999 11:20:00 AM
From: Wizzer	Read Replies (2) \| Respond to of 62347

ETN: In mid January, Eaton's closed their stores to do a full and complete inventory of their stock. Normally, employees will stay late into the night and complete inventory calculations while the store is open. I thought that there were only 2 strong possibilities for this action: the creditors wanted to determine book value to evaluate the security of their outstanding debts, or a takeover. Pre-bid this morning was indicating an open of $7.25 which is the suspected bid, but opened at $6.30. Uncertainty is causing the stock to range in roughly a $1.50 range or so. Regards, Wisam

To: kingfisher who wrote (3806)	2/11/1999 3:06:00 PM
From: Serge Collins	Read Replies (1) \| Respond to of 62347

R. Barbe: I don't think Federated will buy Eaton's. Federated just announced they are acquiring Fingerhut for $1.7 billion. I doubt they would make two acquisitions in such a short period of time. Besides, analysts have been quick to downgrade FD after the news. Analysts had it all wrong when they said there were few growth opportunities in the U.S. for Federated, so expanding to Canada was a logical move. They forgot about growth by acquisitions in the U.S.