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

To: Wallace Rivers who wrote (8494)	10/3/1999 3:44:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78525

The Apple/Wintel comment was just an off-hand reference, not meant in any way to be a direct comparison. I feel FLO is a value stock, that the arb opportunity is very attractive, and that FLO management is suspect. These three are not mutually exclusive. I just don't buy it when management claims the problem is on the supply side, not the demand side, and all else is well. Management flubbed something, and they've lost credibility with Wall Street for restating earnings and issuing multiple warnings of increasing significance. This doesn't change my opinion that FLO's non-Keebler equity is worth something north of zero. Mike