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

To: doug5y who wrote (12447)	5/8/2001 9:27:28 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78486

Doug, Thanks for posting notes on Mungers comments. He's nailed it. As an attorney, a great investor, and thru Berkshire, a USG shareholder, his assessment must be given extra weight. From the notes, "I regard what's happening to USG as a dishonorable mugging of an honorable place. I don't think they should be driven out of business, but I don't want to make predictions about this." I really doubt they'll be driven out of business, as the demand for drywall will continue and nobody makes flat stuff that goes on walls like USG. It's the shareholders that may be wiped out, with the bondholders and litigants fighting over ownership of the company.