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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (6686)	4/11/1999 5:25:00 PM
From: James Clarke	Read Replies (2) of 78622

Mike, if you don't start a separate medical ethics thread I'm going to have to start making market calls again. :) I don't know if anybody picked up SLOT or IGT, but there was a big piece of news over the weekend. The legislation in Nevada which threatened to wreck their business model passed committee, but the threatening portion of the bill was negotiated away. I would guess that is taken as good news Monday morning, and maybe the stocks get an upgrade or two from analysts. SLOT especially may have a lot further to go on top of its 8 point rally Thursday and Friday. If anybody wants to attempt a valuation of SLOT, I think I'm clear now to lend a hand (I was dying to comment last week but found myself conflicted with my job). Its a fun one to look at, but it takes some work. [Hint: focus on the JV with IGT in the footnotes and understand where it shows up in the company's accounting.] JJC

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