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Technology Stocks : Vitech America tackles Brazil

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To: dave luken who wrote (10)4/18/1997 3:39:00 PM
From: Michael Burry   of 153
 
Hello all,

I ran some of my value investing skills on Vitech (I'm
pruning my portfolio for the high market).

Intrinsic Value $27/sh
Net Working Cap $31.8
Quick ratio 3.03
Current ratio 4.16
ROE 27% (want > 10%)
ROC 10% (like 12-25%, but this is a competitive business)
The lower ROC will keep some potential competition away, though.

The company looks stable and poised.
The stock looks vulnerable. This is no value
stock, but what's that value saying?
"Find a good company and the stock will
fall into place."

Good investing,
Mike
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