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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (2425)	11/12/1997 7:38:00 PM
From: Scott Mc	of 78728

To All, I wouldn't normally post a Canadian situation on here, however I feel Electrohome (EL.X or EL.Y) is worth a look. They have greatly simplified things over the last 3-6 months and now have 2 pieces of business left... 1. A Small projection business (specilized niche, which is profitable) 2. they own 8.3 million shares of Baton Bcasting (BNB). Electrohome has 8 million shares outstanding and trades at $13.5, where as BNB is trading at $21. 4Q report came out yday with a statement from the CEO saying the Baton shares are worth (I forget the exact nbrs, but something like $180M, Our market cap $105, I dont know why but I want to do something about it). I've put on a fairly big position 2 montsh ago. Scott Subject 17003

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