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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (7863)	7/27/1999 8:54:00 AM
From: James Clarke	Read Replies (3) \| Respond to of 78486

Ditto on Seagate. That's one of the few really interesting large-cap stocks I can find. Its tricky to find all the pieces of stuff they own (don't forget Gadzooks), but I think you'll find the core disk drive business trades for a negative value - a large negative value. The company bought back over 10 percent of its shares in the last nine months and still had a pile of cash. And now they are going to war with Western Digi to nail the coffin of this irresponsible competitor. The problem with this analysis, of course, is that you've got to believe that the market prices of things like Gadzooks reflect something close to reality. I'm not sure if I believe that.