RE: [CANSLIM] WTW

From: "Lin Wells" <linwells1@charter.net>
Subject: RE: [CANSLIM] WTW
Date: Wed, 18 Sep 2002 13:17:46 -0500

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Top of Thread: [CANSLIM] WTW michael_niemotka@baxter.com
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I wish this wasn't all so esoteric to me.  I wish I knew where you were
getting this info and how you were reading it.  I wish I knew what terms
such as "A secondary offering..." and "If the market oversubscribes..."
means.  I suspect that it is too lengthy a discussion for here.  I have
Datek streaming quotes on Medved quote tracker but this is probably not
where this info is accessed. Maybe you could point me in the right
direction.

Thanks
Lin

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Winston Little
Sent: Wednesday, September 18, 2002 12:45 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] WTW

Mike:
on WTW, two days brisk trading (4 million shares Tuesday followed by 5
million so far today led to to ask: Who owns the shares, and why the
heavy
trading?

There are 106 million shares outstanding.
Artal of Luxembourg had owned 94%.
A secondary offering for 15 million shares for $630 million is being
filled
right now by Artal at about $42/share. After the offering is completed
Artal
will own 62%.
If the market oversubscribes, there is provision to sell an additional
2.5
million shares.

Why is Artal selling, and why at $3 below the price on Monday?


- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, September 18, 2002 10:28 AM
Subject: [CANSLIM] WTW


> Is WTW "churning"?  It is having incredible volume already, but price
is
> only up 0.29%?
>
> Any thoughts?
>
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
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