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

To: Michael Burry who wrote (10401)	4/24/2000 12:16:00 PM
From: Grantcw	Respond to of 78507

Hello Michael, Thanks for the reply. The fact that it was a net net helped give this argument some bite here on the Value Investing thread. So I and others here bought. I brought up the issue of the huge operating lease liability. How it made it not a net net - possibly a problem for all net net retailers. There was some debate about this. To me, after some thought, I figured that this issue destroyed my reason for owning the stock. Others argued that EBSC's operating leases might be considered assets, for all we know, and hence should be held as a wash. I think the classification of the lease depends a lot on the terms of the lease. Answers to questions like, "Is the lease cancellable or transferrable?" would help to understand the actual liability. Unfortunately, I don't know where we'd get the information to answer my questions. I like your rule of sticking with investments only when they still meet your initial criteria. I've lost a good deal of money doing exactly the opposite. Thanks, cw