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Re: Berliet post# 23604

Monday, 09/26/2005 1:26:50 PM

Monday, September 26, 2005 1:26:50 PM

Post# of 174020
Berliet: re TGE: The secondary offering is much less dilutive than meets the eye. They are using part of the proceeds to buyback 3.5M warrants, so the fully diluted share count will only rise by 2M to 14.5M, an increase of 16%.

It doesn't justify the current 35% pullback in the stock price to 7.95 from a recent high of 12.28. I've been accumulating more shares.


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