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

To: Michael Burry who wrote (2425)	11/12/1997 7:38:00 PM
From: Scott Mc	Respond to of 78628

To All, I wouldn't normally post a Canadian situation on here, however I feel Electrohome (EL.X or EL.Y) is worth a look. They have greatly simplified things over the last 3-6 months and now have 2 pieces of business left... 1. A Small projection business (specilized niche, which is profitable) 2. they own 8.3 million shares of Baton Bcasting (BNB). Electrohome has 8 million shares outstanding and trades at $13.5, where as BNB is trading at $21. 4Q report came out yday with a statement from the CEO saying the Baton shares are worth (I forget the exact nbrs, but something like $180M, Our market cap $105, I dont know why but I want to do something about it). I've put on a fairly big position 2 montsh ago. Scott Subject 17003

To: Michael Burry who wrote (2425)	11/12/1997 9:57:00 PM
From: Ron Bower	Read Replies (2) \| Respond to of 78628

Mike, Seagate is likely undervalued more than it appears. They have a major holding of SNDK (I think 40%) and have right to place a number of board members. SNDK is the leader in flashcard tech and sales. They also hold interests in other companies and, if memory serves me right, they have on the books at cost. The old phrase "throwing out the baby with the bath water" come to mind with this market. REIT, brokerages, food chains, etc. are all falling? What's that got to do with the price of tea in Japan? Just my 2 yen, Ron Trying to cut cost of my posts.