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Non-Tech : BMC Industries
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To: RoadWarrior who wrote (334)6/9/1998 5:36:00 PM
From: Michael Burry  Read Replies (1) of 359
 
My "goal" of book, may become reality. The company is certainly in transition. I'm surprised the analysts didn't expect the earnings shortfall, which seemed obvious. I didn't expect the idling of operations. But I can't say I'm surprised. Makes me think the Orcolite acquisition was more necessity than strategy, which makes the price paid make more sense though I can't say I like it.
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