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researcher59

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Re: hweb2 post# 11340

Thursday, 05/12/2005 11:32:04 AM

Thursday, May 12, 2005 11:32:04 AM

Post# of 173894
hweb: SSPY's turnaround was impressive, but I think the contribution to MSN's quarterly earnings will only be about .02. As I calculate it, MSN has a 50% ownership interest in SSPY, hence will derive about 750k of income from the subsidiary. After taxes, that's roughly 450k divided by 27M shares or .017 per share.
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