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

To: Madharry who wrote (11013)	7/27/2000 3:59:40 PM
From: Michael Burry	1 Recommendation Read Replies (1) \| Respond to of 78702

"Sure 14 is an even better price than 20. but I tried to do something like that with Ortel and it turned right around and went up 20 points in an hour and boy was I sorry." I won't be sorry - I'll be glad that it worked out for you. Meanwhile, I'll be hoping CAT or Huttig or Carnival or Horace Mann are working out for me. I came to about $43 for ALSC as well. I read Prudential's report too, and I made different assumptions but came to the same basic end price. Already, though, the portfolio valuation is outdated (and too high). Of course, it doesn't matter if there is faith in the underlying valuations of the holdings. BTW, did you notice how PMC-Sierra popped up in the Safe Harbor for last quarter? I wonder when ALSC took a stake in them, and at what price? Mike