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

To: Michael Burry who wrote (9982)	2/16/2000 2:06:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78666

Mike, on EBSC, I gather that you discount the potential for the controlling outside shareholders to do anything about the situation?

To: Michael Burry who wrote (9982)	2/18/2000 3:27:00 PM
From: Bob Rudd	Respond to of 78666

ANF Started with modest position. Revised estimates have it earning around 1.74 '00 and growing 20% [managements growth estimate is 30%] Analysts are flailing at this for not warning previously of some softening of comps. A 20% grower earning 1.74 selling at 20x => $35 Would still be 20% discount to a market growing earnings at about half that rate. I don't expect $35 [not that fortunate] but it appears doable and affords some margin of safety going in @15. I haven't dug deeply into this and may reverse course if I see some ugliness when I do. Note the Motley Fool article Also SSB had good coverage [though analyst is clearly PO'd] and they offer free trials The APPAREL group quote.yahoo.com