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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (3100)	2/15/1998 11:24:00 PM
From: mwj6	Read Replies (1) of 78579

Insight on UMR requested This turned up on a screen with a P/E of .4, P/Rev of .08, P/B .11, Debt/Equity 0, Div yield 105%. Partnership is called Unimar last four dividends: 02/11/98 0.410 11/12/97 0.320 08/12/97 0.490 05/13/97 0.690 02/12/97 0.640 10-K for FY ended Dec 96 here: edgar-online.com This is how much they payed out in the FYs ended Dec 96 and Dec 95 Participation Payment per unit $ 2.41 $ 1.76 ======== ======== Further digging leads me to believe that shares in this company are actually "IPUs" that expire in Sep 99. I think the financial information that resulted in this showing up in the screen are attributable to the partnership but not attributable to these IPUs. However, with the current trading price at $1.81 and six dividends to go...I think the upside is 18-33%... I think there are some very misleading financials posted out there but anybody else who'd care to look... /matt

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