Re: [CANSLIM] WTW

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] WTW
Date: Wed, 18 Sep 2002 22:44:59 -0400
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A few points to emphasize, this is a secondary sale of shares owned by the
majority shareholder, who remains a majority shareholder regardless. Because
it is a secondary offering, all proceeds go to the shareholder, not to the
company. The upside for existing / future shareholders is that there is more
liquidity due more shares available in the real float. And Artal, having
reduced their stake a little, now has less reason to be a seller in the
immediate future.

Because of the size of their position, it is very difficult for them to sell
a meaningful # of shares except thru a secondary. Setting a price below the
then market is pretty common, to make the shares attractive, and to ensure
completion of the deal.

- ----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, September 18, 2002 2:31 PM
Subject: Re: [CANSLIM] WTW


HI Lin,

This is an excellent place to start when looking into a stock:

http://biz.yahoo.com/p/w/wtw.html

It provides a good launching pad for investigation and due diligence. Look
under the section just to the right entitled "Financial Summary" and click
on "Significant Developments." There, you'll notice the announcement of the
secondary offering by the private investment group, Artal Luxembourg S.A.

To learn more about seondary offerings, see:
http://www.investopedia.com/terms/s/secondaryoffering.asp

All investments have a "lifetime" and it's not uncommon for large investors
to cash out and move on to other investment opportunities. If you look at
the performance of WTW since going public, it may explain why they are
timing their exit as they are.

Katherine


- ----- Original Message -----
From: "Lin Wells" <linwells1@charter.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, September 18, 2002 1:17 PM
Subject: RE: [CANSLIM] WTW


|
| 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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| >
|
|
|
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