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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (3595)3/23/1998 5:27:00 PM
From: Ron Bower  Read Replies (2) of 78634
 
Mike & all,

Just have to post this. Happened about an hour ago.

They usually can't get by my secretary, but she was gone and I answered the phone. It was a broker trying to get my business. He's got this 'hot stock'. So and so has been quietly taking a large position in the company etc. etc.

"I'm not interested. I make my own selections. I'm not interested in speculation or street rumors. I buy based on value according to my research."

"You want value? I'll give you value!" and he names a stock. I happened to be on line doing some research so as he's giving his speal I look it up.

"Let's see, it's selling at a PE of 30, growth of 15%, 9 times BV, debt to equity of .7, and it's low on cash."

"LOW ON CASH? THEY JUST GOT A CREDIT LINE FOR ANOTHER $14 MILLION!!"

-g-
Ron

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