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

To: Michael Burry who wrote (8325)	9/21/1999 1:51:00 PM
From: Mike 2.0	Read Replies (1) \| Respond to of 78842

The extra push down to the current level is just disgust. But we all knew this was happening - just as we all know things will improve when Y2K passes. I actually thought we would see the lions share of the slowdown in Q4 of C/Y 1999...when companies have a lockdown on any new implementations. That the first two C/Y quarters of year 2000 will be slow as well (OK maybe Q1 year 2000) is something of a surprise to me. The yield on this stock remains incredible, perhaps unique in any category within the tech sector. If they don't screw with the dividend I think we will be OK. I think we will see single digits thanks to tax loss selling whereupon I will probably add as well. No hurry for now. BTW, I see similar tech services company Syntel (SYNT) down 9% today...down in sympathy?

To: Michael Burry who wrote (8325)	9/21/1999 7:08:00 PM
From: Grommit	Read Replies (1) \| Respond to of 78842

Home builders -- LEN just reported. They met the EPS numbers of .72 with backlog strong, (but dropping by $93 million). Also announced stock buyback in separate Press Release. biz.yahoo.com Financial Highlights 1999 Third Quarter vs. 1998 Third Quarter -- Net earnings increased 30% to $45.5 million -- Revenues reached $819.5 million -- up 32% -- New orders decreased by 6% -- Backlog dollar value was $1.02 billion -- Debt to total capital ratio decreased to 46.2% from 55.3% -- Interest coverage improved to 6.6 times from 5.2 times... ............. I hope this is a good leading indicator of the other builders. I agree with you MBurry that CROS is irresistible at these prices. ROST is there also.