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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: booray who wrote (35987)	5/13/1999 6:00:00 PM
From: Lucky888	Respond to of 122087

CLEV -- You don't think the team worth 500M? with all those stars in the team? hehe. :) L. note: no position, looking for a pop tomorrow to short into.

To: booray who wrote (35987)	5/14/1999 1:47:00 AM
From: Barronio	Read Replies (1) \| Respond to of 122087

<CLEV> At the current price of the stock, they would have to get a $500 million deal. I don't think so. Where do you get this figure? thestreet.com calculated in November that if the team sold for $300 million (which is certainly reasonable) then shareholders would get 21.20 a share. That would mean the current price is around a 25% discount to the projected takeover price, which is about what I'd expect and makes the short trickier. fnews.yahoo.com Disclaimer: the article does its calculations dependent upon some changes in the club that were in the future at the time of the article but are presumably now done. I haven't investigated whether this actually happened, haven't checked the calculations, etc etc.