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

To: Vol who wrote (2417)	11/12/1997 1:37:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78627

Re: UGLY What a great symbol for the value investor! Ugly Duckling catches my interest. It looks like it is head and shoulders above its competitors on the management front. They got a mention on the Fool last night. fool.yahoo.com It is falling even more today to 10 1/2. A 5% one day fall on only 80 grand in trading dollars on a 200 million dollar stock. There are just absolutely no buyers out there, but there are hardly any sellers left either. If it hits $9/share (discount to book) I'm in. The margins are better than most in the industry, and the quick ratio of 8 is phenomenal given the industry. I like the fact that it is growing while only incurring an 11% debt/equity, and still has a lot of cash on hand. Even better, it has announced a buyback. I like to see that, especially after a misunderstood earnings report. I don't see anything in a two-second review of the income statement that is both bad and recurring. Overall, not a bad idea. Typically, I can throw out ideas in less than a minute. Wasn't able to do that here, but it requires more research. Good Investing, Mike

To: Vol who wrote (2417)	11/12/1997 3:56:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 78627

Vol, I had INVN on my watch list. Didn't pay much attention to it when the earnings came out because I had too many other things in the works. When I saw your post I pulled the file and updated. My note on the file was "one profitable Q doesn't mean much. If it improves, take a hard look because it has a lot of potential" I think they have started up and the recent selloff doesn't make much sense. They have shown profits on 38 units sold this year and have a backlog of 46. Warrants a stronger look. Thanks for the post, Ron