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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (1683)8/15/1997 12:06:00 AM
From: Michael Burry   of 78890
 
James,

I get $993/acre for Tejon Ranch, in addition to its
recent positive management moves. Cheap enough for
me. I should've bought it when you first mentioned
it at 17. Now at 22-23, it's still a great deal, and
could easily be worth 2-4X this if the real estate
venture along I-5 goes well. IMO, time to buy/add
to position on this pullback. Thanks again.

Good Investing,
Mike
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