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


To: jeffbas who wrote (9166)12/6/1999 10:16:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 78618
 
Why should I spent one minute looking for something that has far less than 100% potential over even a medium time frame?

Wow. The end must be near. I was with you until the time frame.



To: jeffbas who wrote (9166)12/7/1999 8:41:00 AM
From: peter michaelson  Read Replies (2) | Respond to of 78618
 
Here's an interesting arbitrage.

Buy Iridium bonds. Short the stock. Senior bonds trading at $.20 or so. Subordinated at $.07 or so. Common - $3.88. Higher than the day bankruptcy petition was filed.

There's something wrong with this picture.

peter