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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (6706)4/13/1999 4:30:00 PM
From: Freedom Fighter  Read Replies (2) of 78614
 
Mike,

>>Borders (BGP) just did something that puts it on my watch list:<<

I belong to an investment club with a couple of lifelong friends and others. Borders was brought up as a potential investment pending further review by the members. My first glance indicates that it is reasonably priced, perhaps attractive. I think my only negative was that it didn't meet my minimum ROE hurdle. The kicker here is that even though the company thinks the interNUT business is a loser and they aren't going to invest much, it may add tremendous value to the company. Why not spin it off to cash in a chip that you don't really care about if you can get a big price in this environment?

Wayne
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