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

To: Michael Burry who wrote (9044)	11/28/1999 5:39:00 PM
From: James Clarke	Respond to of 78603

If MO could have magically spun off their liability, they would have done it years ago. It can't be done. If you spun off the food company, it would still be liable if the tobacco company filed for bankruptcy. Thats why Nabisco Holdings trades at such a discount to Nabisco, leading one to question whether the financial maneuvering created any value at all. Value investing cheapskates want to save some money and help bankrupt and internet company at the same time? Buy.com is offering free shipping through midnight tonight (Sunday). An order Amazon would have charged me $91 for cost me only $76 on Buy.com. Wonderful business model...if you're a customer. Though the way Amazon loses money, part of me thinks my short position in Amazon would be better served by giving them the order. There's another $100 or more of retailer sales that disappeared - this was not an incremental purchase. In a sector where the difference between 0% and 4% same store sales growth is life or death to the stock, this will be meaningful, because I'm surely not the only one that is doing 1/3 of my holiday spending or more online.