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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (3853)4/15/1998 6:58:00 PM
From: James Clarke  Read Replies (1) of 78476
 
Hyde is starting to run again. 4 7/8 bid - 5 1/4 ask. Up about 15% in the last month. They had a decent earnings report and a forecast of 50 cents a share for next year. Their athletic shoe sales were up double digits for the quarter despite what Nike investors know is a miserable environment. They're small enough to fly under the radar screen.

This one is still a net-net, and the fundamentals of the business look a lot better to me than those of Gateway or Compaq!

As I said the other day, I am liquidating. This is one of the ones I will keep until somebody gives me $5.50-6.00 a share for it. In the October mini-crash, this one didn't move.

I would remain fully invested if I could find a portfolio of 10 or 15 HYDEA's. But I've only found one.
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