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

To: Michael Burry who wrote (9106)	12/2/1999 2:16:00 PM
From: peter michaelson	Respond to of 78673

It can get a lot more slimey, unfortunately. That IMO is the principle reason DSWL and other good Asian equities are so under-valued - they are painted with that broad black brush of hundreds of past frauds for which they are not responsible. Anyway, we shall see. peter

To: Michael Burry who wrote (9106)	12/4/1999 6:07:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78673

Mike. Since you started this board and the arbitrage board you might be interested in amcol, ACO. Company has definitive agreement to sell their polymers unit and will receive sufficient cash to pass 14-14.5 to shareholders and to also pay off considerable debt. A patient investor should be able to buy now at between 16 and 16.5. My judgement is that the deal will go through and that the residual company after partial liquidation(about 1/2 of the assets) will fetch between 4 and 6. So investment might return 10-20 % in 3-4 months. Lots of unknowns but also a low risk IMHO.