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

To: Jurgis Bekepuris who wrote (2671)	12/5/1997 4:50:00 PM
From: Scott Mc	Respond to of 78594

ACT Networks: I usually stay away from tech co's as I have tble valuing them, however watched this one for awhile and seems cheap.. Year end tax selling may take it down a shade more, however at ARO $7, with $6 in the bank the P/Sr is 0.2 if you back out the cash.. Seems dirt cheap, any comments? Scott marketguide.com

To: Jurgis Bekepuris who wrote (2671)	12/5/1997 6:27:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78594

<<though I would not add anything for QNTMs DD business at this time.>> I disagree. Do Ford and GM become worthless when the cycle turns down? Do semiconductor companies become worthless when the cycle turns down? Why then DD's? They have been commodity products for a while, but this is simply their third downturn in ten years by my count. <<I would caution that 50-100% DLT growth won't continue indefinitely. >> That's why I assigned it a PE of 20 - I think 20% consistent growth year over year is attainable. Good Investing, Mike