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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (2855)12/22/1997 2:51:00 PM
From: Michael Burry  Read Replies (1) of 78667
 
Yep, that was me. Hyde's inventory counts in the net net
calc but who knows the quality. Nevertheless, at 50-60% of
net assets, this profitable, debt free company is awfully cheap. It
is in running shoes which are expanding (with a loyal
folowing) and not in the faddish basketball shoes. Looks like
it may earn 35 to 40 cents so at 3 1/2 to 4 I just don't see
the downside.

Mike
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