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Gold/Mining/Energy : EATON'S IPO (JUNE 2ND) -- Ignore unavailable to you. Want to Upgrade?

To: Serge Collins who wrote (36)	3/18/1999 11:25:00 PM
From: RBMac	Respond to of 68

Yeah, no doubt it will recede in price if such rumours are unfounded. Thing is, I can't see this company being only worth $80-90 million, regardless of it loosing money. They need to promote their on-line site. Much much better than what the Bay has to offer. All I could see at the latter was a few items, whereas Eatons had quite a bit of depth to what they sell on line. Also I was in a refurbished Eatons in Toronto over Xmas. It was packed. Strolled over to the Bay and it was dead. However, both lost money trying to undercut each other. THe Bay has Zellers to keep it in the black. You're probably right about not buying it now. I picked it up near its low, not as near as I would of liked but good enough. ALmost pulled the trigger on the day after the financial results were released. Appeared at first it was going down further....oh well, c'est la vie.