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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (3470)3/6/1998 4:26:00 PM
From: Michael Burry  Read Replies (1) of 78576
 
Motorola is interesting to me, but I'd look more seriously at Motorola
at 45. That would let me buy at a discount to sales, at a price half
its speculative high, and at about 2X book. I like the
significant bearish "can it survive" sentiment re: it's analog
legacy and the new technologies.

Its balance sheet is good, S&P's actions
notwithstanding. That said, I'm not looking to buy much right now,
as I expect the market to be topping (no surprise). I would have to
see a steal. Motorola isn't there yet.

Mike
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