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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (5776)	12/29/1999 6:03:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

Clarification on FTR... I may have sounded a bit too hysterical so to clarify... When I said there is a real chance, it may have been misinterpreted as "very likely". This is wrong. I should have said there is certainly a possibility the company may go out of business. Insurance business has been horrible in 1999. However, If the company remains viable, and the industry recovers (which I'm sure it will...since I seriously doubt that insurance companies are ever going away), I believe the stock to be very grossly undervalued. In a consolidation, the company could be purchased for 2x current book (now around $5.00 a share). Perhaps a greater risk is that this may be dead money for quite some time in a market where there are certain stocks ramping 50 or 100 points a day.

To: Bill Wexler who wrote (5776)	12/29/1999 9:18:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 10293

Wexler ponders the new year... Have to continue loading up on everything that has been declared "dead forever". Banks, insurance, durables, more Disney, etc. Hmmmmm...there's something much, much easier that gives you all of the above.... TABLE-POUNDING STRONG BUY: Berkshire Hathaway (BRKA/BRKB). Note that the BRKB shares trade at a slight discount to BRKA (There are 30 BRKBs to every BRKA). Extra added bonus...lot's of negative comments about Warren Buffett on the internet and in the media (check out this week's Barron's).