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

To: Michael Burry who wrote (2811)	12/19/1997 12:49:00 PM
From: Worswick	Read Replies (1) \| Respond to of 78751

The mind set of the Bronfman family is that VO is the crown jewel of the dynasty. The family is stitting a mountain of assets of which VO is only the 1/10th of the iceberg sticking out of the water. They actually might have a huge winner in Universal, however, but in 30 years majority interests of VO will still be with the family. VO is a total waste of time for a stock investor. Why should this Canadian family want to do anything except collect dividends and have shareholders money to now finance movies. Howard Hughes taught them this. Despite all the negative press about "the opportunity cost" of the acquisition Universal will actually be a goldmine for the family. Despite what I posted earl;ier I do view Edgar Jr. as a visionary businessman, one of the only one's around. The problem is that no one in the business community will probably ever understand either Edgar Jr. or Richard Branson. I confess to being put out sometimes by Edgar's odd visions. Hell, that's what makes a horse race. Perhaps I'm just frustrated that I can't buy into VO's progress under the leadership of this deeply strange man.