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Politics : Ask Michael Burke

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To: Michael Burry who wrote (28354)	5/22/1998 11:16:00 AM
From: Michael Burry	Read Replies (1) of 132070

Re: crash of the day Speaking of SMOD, it's today's tech crash and burn of the day. I see gross margin up to 17.1% from 16.8%. I see sales and net income way up. I see inventories and receivables down (I don't know how they managed that given their industry). This am, off over 7 points from 21ish to 13ish. That 13 was not set by the market makers like MWY, but in the ensuing selloff. It's not a slam dunk like MWY, but what I see are managers that have navigated tricky waters in the components sector. I like to bet on good management. This one needs more research. These things may get more and more common as we roll into summer with a bloated bull, so I started a thread for crashes of the day: techstocks.com Realizing that this is an Ask Michael Burke thread, I'm off. Good Investing, Mike

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