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Strategies & Market Trends : Value Investing

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To: TwoBear who wrote (6707)	4/12/1999 9:53:00 PM
From: Michael Burry	Read Replies (1) of 78618

I'm hoping for it to plummet. We'll see. Internet mania has been something of a boon for me in this manner - great companies getting cheaper. APCC, Fair Isaac, never thought I'd see these levels again. What a sucking sound. Also starting to look at Apple. They've got $19 in cash, great balance sheet, enterprise less than sales, some momentum in sales, and room to grow. Hoping for the PC malaise to bring it down. Yeah, it's double what it was a few years ago, but still I think it's being artificially held down trying to work its way through 10 years of overhead resistance. Mike

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