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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (3660)	3/26/1998 9:24:00 PM
From: Wallace Rivers	Read Replies (1) of 78666

I'll bring this one to the thread's attention again, with the disclaimer that I am long in what I consider to be a severely undervalued situation in a near perfect operating environment. The reason I bring it up again is that it traded OVER 20 TIMES (according to my sources) average daily volume, with one block of approx. 1 million shares, or 4.5% of shares outstanding. This isn't the guy down the street calling his broker (unless the guy is a mutual fund or hedge fund manager) for an order. Somebody is placing a big, big bet. The company is Resource Bancshares Mortgage Corp. (REMI). 15X '97 earnings, 8X '98 estimates. Projected to grow at a 30% clip over the next 3 years according to the brokerage firm I use. Cheap IMHO and worth a look see just because of the huge spike in volume.

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