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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (3159)2/6/1998 6:32:00 PM
From: Michael Burry  Read Replies (2) of 78591
 
Thanks, I'll take a look at IPLS and Rubbermaid soon.

In the meantime, I'll propose BMC industries. It's a high
ROE firm that took a haircut in November and is going through
a rough time. It recently sharply increased capital expenditures
just as the Asian crisis hit. Bad timing. But 5 insiders (including
the CEO and Chairman) jumped in and massively increased the sizes
of their holdings. Moreover, the company just bought back 1 mill
shares and is about to buy back another 1 mill. Evidently, the
company has faith. Meanwhile the shares are meandering
a hair below the insiders' buy prices.

It's the pick of the month at my web site, and I have taken
a position.

Good Investing,
Mike
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