SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Burry who wrote (4852)8/28/1998 11:54:00 PM
From: Bob Rudd   of 78687
 
Y2k impact on the investor: Speaking generally, y2k remediation hits the income and cash flow as expenses, as would after the fact litigation. Downtime hits earnings directly.
Nothing I've said is directly related to Telebras. I haven't studied the co and you may be completely correct that this issue is more than discounted in the price. The thrust of my comments is that for the next 2 years y2k has the potential to bite the unwary investor and when you see pricing that looks too good to be true, y2k could be an underlying reason.
Submerging market stocks are sometimes priced based on different perspectives than in the US. It's tough to find reliable data on stuff like earnings, book value, cash flows. Y2k estimates are even further down the line. Creative accounting is often a national sport. Stuff goes up just because it's going up - wait a minute, maybe it's more like the US than I thought.

Sorry to ramble, just thought this was an issue to consider.

Respectfully,
Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News