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Big Lots Inc. Message Board

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  • b_zerkley b_zerkley May 26, 1999 3:18 PM Flag

    eToys hits $85...

    could help us longs. Basically, CNS would do an
    IPO for say 20% of KBToys.com. This would create a
    "pure .com play". CNS would own most of the new
    company's shares, and you could track it's value as
    "mostly" additive to CNS. Hopefully, if the IPO is
    successful, CNS spins the remaining shares off to the
    existing holders. That's the theory, and the hope.


    However, keep an eye on etoys if you want to gauge the
    success of a KBToys IPO. I think the drop in eToys post
    IPO price has had more to do with the down turn in
    CNS than even the markets slide. CNS overall is
    turning around, and I think Merrill Lynch is correct,
    this stocks got a lot of upside potential. Good
    investing Longs.

 
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