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Strategies & Market Trends : Value Investing

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To: Worswick who wrote (2793)12/18/1997 1:17:00 PM
From: Michael Burry  Read Replies (1) of 78748
 
I'm still trying to work through VO. I've been
through Hoovers and S&P and your post. I
think I've got it down. What I am interested
in is that they are buying back stock and
EBITDA is probably the best way to look
at it as they have had recent charges to
the income statements that have been
masking strong cash flows. Any time I see
a strong balance sheet, strong cash flow,
and a stock buyback I'm interested from
a value standpoint. But the realization
of value point you bring up may be very
much the issue. I need to stew with this one a few
weeks.

Paul, why does his post persuade you to enter an
order?

Mike
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