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

To: Paul Senior who wrote (2802)	12/19/1997 12:07:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78748

Yep, I certainly see your point - if everyone knows it is so bad, then how low can it go. Must say I've got to understand it a little better myself. Liquor is actually a good business in terms of economics, so if it is lousy for VO then why are they mismanaging it so? I've been burned a bit just buying because everyone hates something. Most of those times, I didn't understand it enough myself, but figured I'd be a point man for the contrarians. 50% lower, I'd be sitting there saying, "Boy do I know market psychology - everyone really did hate this stock." BTW, I'm an arrogant SOB to some, the kindest/gentlest doctor on earth to others. Come now, are there really any good guys left? <g> Good Investing, Mike

To: Paul Senior who wrote (2802)	12/19/1997 12:25:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78748

I'm all over VO now too. Thanks for the thoughts. I'm spending my weekend with the proxy and 10-K.

To: Paul Senior who wrote (2802)	12/19/1997 11:57:00 AM
From: Worswick	Read Replies (2) \| Respond to of 78748

I don't believe anyone in Edgar Jr. generation in the family is a billionarie. Father, aunt's uncles, yes. You might look at the history of Universal/MCA for an anology iof Seagram's. I.e. a company owned by "controlling interests" who are not so good for shareholders. MCA was controlled by the Jules Stein interests and never did anything for years and years and years until the Japanese bought out Lew Wasserman, et all. I am not sure but Chris Craft is the same sort of situation with Herb Segal controlling the company and the stock never fulfilling it's potential..