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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (4221)6/3/1998 12:43:00 AM
From: James Clarke  Read Replies (1) of 78566
 
Ispat's buying in Indonesia? Doesn't surprise me. I've found that buying other value investors is very profitable, and the CEO of Ispat is as contrarian as they come. Just don't forget its a steel company. Also, don't buy it unless you are comfortable with the accounting (that means read the 10-K twice). I was not comfortable with the accounting. If you are looking at P/E or P/B ratios, I hope you understand negative amortization. The accounting is why I didn't buy the IPO despite the CEO's charm.
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