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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?


To: Jason Compson who wrote (224)4/22/1999 5:54:00 PM
From: mact  Read Replies (1) | Respond to of 614
 
jason,

im abit puzzled why delia's would allow a .88 exchange in the first place....since turf's price is already twice as much as delias, if they give .88 shares of turf for every share of delias, for all the gains the owners(i.e.-us) of delias would make, someone within delias has to be losing money....now i could see paying yourself a dollar for every fifty cents if only you get in on it, but if everyone(i.e.-the public) is allowed to participate via delias stock, why would they give away free money to the likes of us?....maybe im missing something here but i have yet to see someone give away free money(except ipo's...lol)....if TURF goes up 50 points, why wouldnt they keep all the shares to themselves and do the second offering and make millions for themselves only.

mact

mact



To: Jason Compson who wrote (224)4/26/1999 10:44:00 AM
From: Jason Compson  Read Replies (1) | Respond to of 614
 
Since I urged TURF holders to play TURF through DLIA, DLIA is up 35% and TURF is up 8%. But DLIA is still much cheaper than TURF. At current prices (DLIA @ 23, TURF @36.5), an investor is still paying only $18/share for TURF when he buys DLIA. That is quite a discount.



To: Jason Compson who wrote (224)4/27/1999 4:29:00 PM
From: drakes353  Read Replies (1) | Respond to of 614
 
Jason:

What formula are you using to value DLIA's TURF holdings? I'm looking at DLIA = TURF * .73 * .60 + $5 which implies DLIA "should" be trading at around $22.52 a share with TURF at $40.

BTW, the $5 value for DLIA's core biz is probably a little on the high side what with their recent negative forward guidance.

drakes353