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

To: James Clarke who wrote (2779)	12/18/1997 2:04:00 AM
From: Michael Burry	Read Replies (2) \| Respond to of 78602

I'm looking at a telecom infrastructure stock called Spectrian (SPCT). I have a limit order at 20 tomorrow. The stock is at 19 1/2, has 9 in cash, basically no debt, has been killed down from above 60 but still should make 2/share this coming year and the year after. Solid ROE and a margin of safety in all that cash. Wish I had seen it earlier, since it is up 2 today alone. Looks like it got hit in October with some order cancellations and has been subject to tax-loss selling the last month or so. I'd also like to bring up Deswell Industries again here. A summary is over on my web site, but in brief, it's a single digit PE stock with a solid balance sheet that is well positioned to benefit from the telecom boom in China as it operates in US dollars out of Hong Kong. It's been brought up here before, and there's a great thread run by Ron Bower here on SI. The MM's control it, but long term I don't see how it can lose. Hard to resist cash cows, which both of these seem to be. Good Investing, Mike