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Author: bneige0 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 188  
Subject: Re: Diller Date? Date: 6/10/2003 11:40 PM
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USAI stock has moved higher. TREE shares will be converted for a fixed number of USAI shares (pending merger goes through), thus TREE shares will move in lock-step with USAI shares, up or down. If TREE shares stayed at a fixed price while USAI moved up I would "immediately" want to buy TREE shares to effectively get USAI shares "on the cheap." The market won't allow for that inefficiency, thus TREE moves in concert with USAI. This does assume a slight risk that the merger goes through - if not TREE shares will certainly fall by at least the amount of the "premium" USAI offered.

Bottom line, looks like for now the market likes the look of USAI's growing online empire. Hope that helps. Brian
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