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

To: James Clarke who wrote (9455)	12/30/1999 12:39:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78667

FWIW, I finally snagged Elder Beerman today at 5 1/16, for all the reasons mentioned on this thread already. With Blair, that's a new multi-year low on high volume. That'll be interesting. I'm not participating in that one yet.

To: James Clarke who wrote (9455)	1/1/2000 6:54:00 PM
From: Robert Hoefer	Read Replies (2) \| Respond to of 78667

James, thank you for mentioning Blair (BL) as a net/net, because you caused me to look at it more closely. Here are the numbers I found: market cap=102,625,000 ; current assets=272,188,000 ; all liabilities=102,591,000 ; net working capital=169,597,000 (60% of market cap). Is that about what you got? If so, it looks great, considering that they pay a good dividend and have been buying back shares for years. What's not to like?

To: James Clarke who wrote (9455)	1/3/2000 7:25:00 PM
From: Freedom Fighter	Respond to of 78667

The Abby Cohen Update I just wanted to give everyone the "Abby Update". In this week's Barron's Abby Joseph Cohen is quoted as saying that stocks are roughly fairly valued right now and should climb in line with profit growth. She says they were undervalued going into last year. Gee, isn't that exactly what she said at the end of 1996, 97, and 98? In fact, I clearly remember her saying at the end of 1996 that stocks did so well that year because they were undervalued at the end of 1995, but they were fairly valued at the end of 1996. So let's see. End of 1996 S&P500 - 740.74 Reported Earnings - 38.73 Operating Earnings - 40.63 30 Year Treasury - 6.55% Current S&P500 - 1450 Reported Earnings - 43.96 Operating Earnings - 49.38 30 Year Treasury - 6.59% Does anyone see something I don't see? Wayne