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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (6602)4/7/1999 11:01:00 AM
From: Michael Burry  Read Replies (2) of 78520
 
I'm starting to wonder when the managers of all these undervalued micro and small caps will just start taking their cos private. If it is to be that the advent of big-money mutual funds will forever cause this huge a mismatch in valuation between small and large caps, I can't imagine that many small caps would continue to stay public. And IMO the biggest risk in buying undervalued small caps/holding onto declining small caps is a "take-under" or privatization that will cause the value not to be realized.

Just trying to figure out the new paradigm.

Mike
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