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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (7051)5/5/1999 8:55:00 PM
From: Michael Burry  Read Replies (3) of 78470
 
Re: USEC, I exited my position at 11 15/16, a point later than I should have. That story has gotten very murky. Mainly, I didn't like the stock crashing through 13 in the setting of a delayed earnings report. Jim apparently still believes. To me, management didn't expect this, and all that about dividend safety is now in danger. If they cut the dividend, the stock will fall, since most institutions bought this for the dividend.

mike
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