BMC Industries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BMC Industries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HB who wrote (318)	5/21/1998 3:33:00 PM
From: Michael Burry	Read Replies (1) of 359

You caught me. Yeah, I was making room for MWY. 15 5/8 was my support. But I'm not too worried. It was a long-term stock I bought originally when I could find little value in the market. In one account, I'm still in it. I've got more ideas now, and they bump BMC down in my shorter-term account (the one with MWY). But that just makes it easier to wait. Rididiculous for me would be if it trades at book value, since its book value is generally good, keeping in mind the debt. Moreover, if I do end up getting a decent response about the Orcolite deal, I'll probably get back in (I'd post the info here). Keep in mind that management has managed this company well for a good long time. We're just caught in a bad combo of Asian flu and product transition, along with capital expansion. None of this hurts the long-term prospects, and may actually benefit it. Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next