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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (60)	12/9/1996 12:04:00 PM
From: Michael Burry	of 78740

Re: OLS Paul, I have concerns about OLS. In purchasing a value stock, I usually look for one that has been going sideways for quite some time. This one has taken a recent fall to 14 from over 30. It has just posted it's first quarterly loss in a while, and it doesn't have any cash free of debt. I wonder if you have some comment on why it posted a loss and where the value is. As a temporary services company, OLS probably doesn't have any hidden assets or much capital investment. Further, the industry seems so incredibly competitive. I don't see a floor here, but maybe you could enlighten me. I am pretty desperate for some good stocks right now. Mike

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