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 (2414)	11/11/1997 8:43:00 AM
From: Ron Bower	Read Replies (1) \| Respond to of 78627

Mike, See DSWLF thread. It has a lot of garbage on it from me, but there's some very knowledgable people on it. Purely conjecture - NamTai owned a large amount of DSWLF and they've been raising cash by selling off the stock. The price showed slight weakness to 18.75 on low volume before the earnings release. After the release it ran up to 19.50 on a slight increase in volume, then suddenly plunged to 17.50 on high volume. It appeared to me that a market maker had timed a sale of stock with the earnings release. Would have had a group of buyers lined up. This is the only way I can account for the sudden drop and extremely high volume against the earnings report. This company has been showing 60% growth every Q!! Price down due to Asian selloff, but everything that's happening is beneficial to Deswell. I have been acquiring and it's now a huge part of my holdings. Also have the DSWWF warrants. Two Ws entitle a buy on one share for 9.00. Generally sell at a 10% premium. Right now stock is better value on growth, risk, and for dividends ($1.00 and likely to go higher as they pay a percentage of earnings) For what it's worth, Ron

To: Michael Burry who wrote (2414)	11/11/1997 9:44:00 PM
From: Vol	Read Replies (2) \| Respond to of 78627

MB, BTW great thread. I'm a long time lurker and appreciate the good FA here. I've got a few stocks I'm looking for turn arounds in that I feel have good fundamentals - UGLY and INVN. UGLY sells used cars. Their revenue this last qtr increased 150% c/w last year's qtr, but they had a one time charge of $6MM for switching to a new loan servicing program(??). First call estimates 30% long term growth and they have the lowest PE since the co's history (14). Plus, they announced a 1 MM share stock buy back program last month. INVN makes explosives detection equipment for airports. They recently blew out earnings over 50% above estimates for this qtr. No debt and also at the lowest PE since their IPO. Long term growth estimated at 35%. Both stocks have been in free fall lately and are making new 52 week lows. What do you think? (I don't own either stock, yet.) Thanks, Vol