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

To: Grommit who wrote (9196)	12/8/1999 9:04:00 PM
From: Michael Burry	Read Replies (3) \| Respond to of 78627

On the subject of Ford vs. Yahoo, how ironic that it was Ford that paid $6 billion for the $600 million cash flow Volvo car business, and that it was Yahoo that paid the same $6 billion amount for Geocities with its $26 million loss (on 14 million revenue). A very, very close friend of mine whom I work with and talk with 6 hours a day has in the last 3 weeks quintupled his net worth on a single stock. Today he crossed $500,000. He's not an insider at a company or anything. He's just a resident phsyician who's buying what everyone else is buying, and he's telling me the same thing: fundamentals don't matter anymore; who wants to talk about fundamentals? Paul, if doctors make lousy investors, what does it tell you when doctors are making excellent investors - in droves? Mike

To: Grommit who wrote (9196)	12/8/1999 9:38:00 PM
From: James Clarke	Respond to of 78627

Grommit - thanks for your insights - your work on Blair was great. I hope to see more of you in the future if you have time with your new job. We all have jobs too, so I'm sure you'll find the time. Best of luck with your new opportunity - sounds exciting. All I can say is your job as CFO may be to get the IPO done real real soon. There is a window now that is as open as it is ever going to get. JJC