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Author: dawkins Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: basis and gains Date: 11/26/2006 7:30 PM
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Phil,
Thanks for the time & energy it took to answer my questions. Right you are - 10 years later is the wrong time to reconstruct basis!
Regarding the original split of GDT & LLY - spinoff may have been the wrong word to use, I have only my brokerage statement to go by, and it refers to the transaction as an " exchange offer tender ". I retained 67 shares of LLY out of the original 100, and I exchanged 33 shares of LLY for 115 shares of GDT. Does that change matters regarding basis?
I am assuming 33% of LLY basis became the basis for the 115 Shares GDT.
Thanks again!
Bob
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