Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Burry who wrote (9727)	1/25/2000 2:36:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 78516

Wow Mike, this net-net stuff really works. You just have to keep the faith. I don't think I posted this here in any detail, but I bought shares in Jackpot Enterprises (J) at about 8 1/4 a month or so ago. The company has $8 cash and a business worth $2-5 a share, and management is under great pressure to do a deal. The stock started moving last week when Gabelli disclosed that he had added to his 6% position, then it really took the last two days. I sold half my position at 10 3/4 and am holding the rest to see what happens. These are starting to hit for me again after a long drought (GTSI and now J). Now we just need Blair and Elder Beerman and FIT to do their thing and I will be a happy camper once again.

To: Michael Burry who wrote (9727)	1/25/2000 4:51:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78516

Never bought CPU, Mike. However, in my neck of the woods we have a CPU, a Staples, an Office Max, and an Office Depot all within 1/2 mile. I wonder if this suggests that I have been underestimating the value of these franchises and they deserve a look. (I thought the industry was way overbuilt.) However, CPU always seems to be more crowded than the others, perhaps because of more complete computer hardware and software product lines. I always took this as a minus for CPU, as the Dell business model is the correct business model for selling hardware. Anyone have a view on the other office products companies?