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Non-Tech : BMC Industries

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To: Michael Burry who wrote (317)	5/21/1998 3:07:00 PM
From: HB	Read Replies (2) of 359

I'm impressed with your ability to make that move, though not as impressed as I am with the care you take in research. Presumably 16 looked like support to you, and it has failed? I've been looking at this stock today (not independently of you -G-), and thinking that I'd prefer to see a high volume bottom. I'm also thinking that there should be some support at book value... does $11.88 sound right to you for book? That would also be about 1X sales, no? I doubt we get there without a broader market correction though (but that's a distinct possibility IMHO). Do you know their market share % in any of their areas? If they still have room to grow market share (I'm guessing from the consistent growth they've done well at that over the last few years) this could be a very nice, quiet hold. Obviously, I haven't done much research yet, but will investigate more. One of the advantages we [?] smaller investors have is the ability to catch that short-lived, insanely ridiculous intraday low. Perhaps if it gets there and I like what I find out in the meantime, I'll join you all in a little BMC. Cheers, Howard

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