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Author: bendit Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120  
Subject: observation Date: 11/22/2006 1:15 PM
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it seems to me that the word is fully out on spin-offs. they used to get dumped when they come out; now they go up. in fact it looks like the time to buy these is in the when issued stage. iar has not sold off. perhaps the when issued price is more efficient than it was. this might be a function is of the current strong market. take a look at sbh and acv.
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