Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Clarke who wrote (7865)	7/27/1999 11:47:00 AM
From: Michael Burry	Respond to of 78486

I think you can also put a value on SEG's savvy in getting in early on all these things like Gadzooks. Mike

To: James Clarke who wrote (7865)	7/27/1999 1:31:00 PM
From: Michael Burry	Respond to of 78486

I get about 5.4 billion for its Veritas, Sandisk, Gadzooks, and cash net of debt. Market Cap is about 5.8 billion. Excluded from that 5.4 billion are the hard disk business, the 35% Dragon stake, and whatever software business is left. Today they announced that they are turning 15% of their Veritas stake into about 500 mill in cash. The only problem with this is that the market values of Veritas, Sandisk, and Gadzooks are arguably at least twice what they should be. Still struggling with it myself. BTW, New Holland had a great report today. Makes me wish the whole Case thing never happened and I could still own that stock. Mike