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

To: James Clarke who wrote (8474)	10/2/1999 1:15:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78566

Re: Mattel, glad so far I sidestepped that falling knife - as I did Crossman, Pacificare - but it's only all good if it rallies later and I've bought back in at better prices. Right now these companies are offering discounts, but is it bargain barrel time yet? Mattel needs to show some strength, IMO. The argument I made so strenuously on Buffettology that Mattel doesn't have a big margin of safety due to a long history of management misinvestments still holds. Management still has a long history of misusing shareholer capital, and that IMO can make great brands not work out as great investments. It was a "trading buy" at 21 and change with insider buying, but now it's got to show some stability else the knife might just now be piercing your hands and headed towards your feet. Mike