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Strategies & Market Trends : Value Investing

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To: Freedom Fighter who wrote (11096)	9/6/2000 11:36:34 AM
From: Michael Burry	1 Recommendation Read Replies (6) of 78517

Following up on my examination of Worldcom, I concluded that Worldcom would have to start showing it didn't need more acquisitions. Its acquisitions to date seem to have been borne of empire-building rather than shareholder reward. And the market is knocking it down drastically on news of its latest acquisition. Certainly it appears that the "story" phase for the stock is over, and the proving time has begun. But Worldcom is still trying to finish the story. I'm still staying away. Mike

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