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

To: Michael Burry who wrote (8946)	11/14/1999 1:36:00 AM
From: Madharry	Read Replies (1) \| Respond to of 78627

All of your points are well taken. If Amazon is around in ten years I'll eat my computer.

To: Michael Burry who wrote (8946)	11/14/1999 5:40:00 PM
From: LKO	Respond to of 78627

Mike, Slightly off-topic but I hope not by a lot. Any opinions on this one ? Real or a really cool conspiracy theory. He does go out on a limb to expose that MSFT option accounting practices are a huge fudge. billparish.com They are talking about it on "Ask Michael Bearke" thread. Here is what another newsletter writer (ex?) has to say: Message 11922599 So now it is MSFT and TYC exposed. Is this "new" trend of looking at the 10K/Q's instead of how much the stock went up yesterday going to catch on or what ? <GGG> I wonder what other companies are there with similar practices. Would be good for someone to start a thread dedicated to accounting loopholes and fudges.

To: Michael Burry who wrote (8946)	11/15/1999 10:29:00 PM
From: Joan Osland Graffius	Respond to of 78627

Michael, Have you looked at International Multifoods (IMC) as an investment lately. I have been watching the stock since they got rid of some of the SA operations. The recent computer problem in my opinion is a temporary problem, but the stock got hit fairly hard. I like the dividend while I am waiting for the capital appreciation. Joan

To: Michael Burry who wrote (8946)	12/7/1999 4:30:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 78627

OT: Anyone look at RHAT on short side - makes AMZN look like value play. They package Linux [Freeware essentially] with their own tools and helps and offer consulting services. This year they'll do $15 - $20 million annual revenues with no profits when analyst concensus calls for 5 year growth of 'profits' @ 25%. If revenues grew at 50% annually [twice analyst projected 'earnings' growth rate], in 5 years RHAT would be selling at 126 times projected revenue [not profit, revenue] based on todays closing market cap of $19.5 Billion. And it appears that, other than brand name recognition, there's nothing to stop competitors from offering the software and a bunch of help stuff in a box. Consulting isn't scalable like software, so growth there is tethered to ability hire linux guys. There are new competitors Corel and 2 coming IPO's and I bet a bunch more are looking at coming in. Today it added a mere $3.6 Billion in market cap rising 53 to 284. With this kind of momentum, it would be nearly suicidal to short with anything other than wee tiny % of equity, but I post it here as my candidate for POSTER CHILD of lunatic valuations. bob