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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5164)	10/19/1998 10:47:00 PM
From: Michael Burry	Read Replies (1) of 78817

Ouch that's harsh. But then you did say I am " a doctor ipso facto a lousy investor. I see you twisting in the wind..." when I first encountered you. Honestly, I'm glad that people think like you so I could back up my truck at such reasonable prices ;) I also loaded up on LHO. Funny how two can think so different, yet so alike relative to the investor masses. In the two years you and I have been on this thread, I think you could count on one hand the ideas that we both liked. Good to have you on the other side. Well, I bought into SCNYB today at 4 1/4. When it was at 7, 4 sure looked cheap, and here it is again. We all know the story well - a net net with growth, and expanding margins, historical underperformer. I sold out when it spiked earlier this year. Glad to have a chance to get back into it. You know the marketmaker is not doing his job when the A shares ask 5, and the B shares ask 4 1/8, as they did this am. If Saucony just goes back and forth between 4 and 8 every two years til I retire... Mike

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