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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (5922)2/2/1999 10:32:00 AM
From: jeffbas  Read Replies (1) of 78482
 
Mike, I am also in MWY and share your and Paul's view. I suspect both are true with respect to your last sentence. I think it is a contrarian pick. I also wanted to see insiders buying again after this latest news and the CEO seems to have confirmed this. I thought his comment about MWY vs. WMS was pretty strongly worded and ought to give some WMS holders pause to reflect. However, my own view is that a plan to double existing holdings by adding 1/3 increments at around 8, around 7, and around 6 would be a prudent, conservative way to go.
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