Korea Fund NY:KF Message Board

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Strategies & Market Trends : Korea Fund NY:KF

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To: David Y. Yu who wrote (21)	4/19/1998 6:53:00 PM
From: Michael Burry	Read Replies (2) of 24

Ok, so now it's at 7 7/8, and the premium is 4.1%. That tells us something about the stock - it is efficent enough to foretell asset value changes. But down here I am interested. If it's efficient at forecasting changes, then a small premium gets me a bit excited. Fidelity Advisor Korea at 5 is selling at net asset value. Maybe another way to play this country. What most are forgetting is that Korea is a country of immense pride and tremendous intellectual capital. It is not a third world dustbowl. It's financial problems will work themselves out, and the country will move forward. Tremendous social needs would erupt if the wall came down. Many NK are related to SK, so there is a bond. It would be a drain on SK, and we should all realize that risk. But even so, buying the country via these two funds at current prices to me is much safer than buying US stocks currently, IMO Mike

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