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Author: eaco One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 89  
Subject: Re: Stock Gain Date: 3/3/2000 12:42 PM
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cbauco: After I just posted asking you for a source on ZION's S&P 500 status, I found the following (partial quote from an article found on yahoo):


http://biz.yahoo.com/wi/000223/5627.html

worldlyinvestor.com Sector of the Day

"Merger Could Lift Flagging Zions Stock
By Anton Schutz and Russell Echlov, Columnists

Wednesday February 23, 4:01 pm Eastern Time

....Probably the biggest blow to the stock was from the reversal of S&P's decision to add the combined company to the S&P 500. The stock had run up on the anticipated excess demand that would appear on Jan. 3 when index funds would be required to buy the stock. Many investors bought the stock in advance of the index adjustment, looking to take advantage of the surge in demand and to sell the stock quickly.

The company is now looking to close the First Security merger by the end of March....

We believe that with the closing of the deal, much of the pressure will be removed from the stock. We also expect that S&P will once again announce the merged First Securities' addition into the S&P 500 after the deal closes."


These people trade in this stock, so take the opinion portion of their offering with a grain of salt. But their perspective was of interest to me and so possibly to others, I reasoned.

If anyone has history with this stock and can offer a perspective on the day's events, it would be appreciated.

Thanks.

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