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: peter michaelson who wrote (8547)	10/6/1999 6:18:00 PM
From: Michael Burry	Respond to of 78528

I think you'll find that inventory is suspect in just about any serious net net candidate, and General Cigar is no different. MPP is working through a catch 22 between soft demand for its final product and commitments to buy raw tobacco. Its unfinished product inventory grew and its finished product inventory shrank. Overall, there is a glut to be worked through, but it's pretty understandable how the glut came about. That Russian bond deal is something from left field. Gabelli's a big holder here, though. I wonder how much he is influencing things. Mike