Bruised investors, contemplating a share price at half its pre-referendum level, may want to be persuaded anew.
At some point, he says, there's a share price at which Revlon duties kick in, and that colors the entire course of negotiations between a hostile bidder and a target.
Taken in isolation this incident would be serious, but added to falling sales, profit warnings and a share price at 10-year lows, it suggests this once formidable retailer is in a state of disarray.
The technology companies in the following table passed the following screens: a share price at least 50% below the five-year high, at least a 3% gain in actual or expected 2001 revenue and at least a 9% gain in estimated 2002 revenue versus expected 2001 results.
He has even offered tips of his own, advocating long-term investments in blue-chip shares, priced at a modest multiple of their earnings.
The I.P.O. on Tuesday evening had reflected a cautious outlook when the shares priced at the low end of the expected range.
Freeserve's fortunes have see-sawed since it was floated by Dixons in July 1999 with an initial public offering of shares priced at 150 pence.
By Tuesday morning, investors had snapped up 1,500 shares priced at $100 a share.
The company will offer 76.5 million shares priced at $8 to $10 a pop.
ZipLink zipl, which provides Internet access services, will offer 3.5 million shares priced at $14 a share, also at the upper end of its expected range.
We required companies to have at least $1 billion in sales and a share price of at least $5.
