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Non-Tech : NovaCare Employee Services (NASDAQ:NCES) -- Ignore unavailable to you. Want to Upgrade?

To: Apakhabar who wrote (324)	4/2/1999 4:28:00 PM
From: Todd D. Wiener	Read Replies (2) \| Respond to of 376

Apakhabar- Let's put this into perspective. If NOV owns 2/3 of NCES, they're not going to sell it on the open market. That's 20 million shares, or 4 times the float. It would cause the price to fall to $3 or so, I'm guessing. NOV would never do that, because they'd never get enough cash for their shares. And there must be some restrictions governing this type of action. More likely is a placement of the NOV-owned shares with various institutions. This way, NOV gets the cash, and the market doesn't feel the impact of the sale. I also think that NCES might get bought out, sparing everyone the agony of NCES' low stock price. The industry is getting acquired by payroll processors, data processing companies, insurance cos, etc. Industry buyouts value NCES at $11-12 right now. The catalyst is NOV's need for the money. And since they own the majority of the stock, their decision is final. Let's hope it's a good one, if this should happen. Todd