Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Clarke who wrote (2845)	12/21/1997 11:09:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78704

James, Re: SJP Thank you thank you. I bought based on a thumbnail valuation that almost mirrors yours, although I didn't know about those Savvy Wall Street Guys and all those details about the land. I am particularly attracted by the low institutional ownership at only 20% (and who they are), the activist managment that cares about the shareholders, and the >tripling of liquidity. Moreover, it looks like Wall Street is punishing this stock because in typical knee-jerk fashion they see dilution where there isn't any - just increased liquidity. How else to explain the drop upon the positive news? I put part of one trust into it, and now I'm putting part of the other into it. Thanks again Jim. Re: my Nike expectations, I have been very impressed in my experience with the fact that an intelligent investor can see balance sheet/income statement problems that Wall Street hasn't yet reacted to or management hasn't owned up to. By waiting for the news to break, one can often pick up the shares cheaper. Whether the shares will go up in the meantime and only fall back to current levels or higher after the news breaks is up in the air, but I'd rather wait for the cat to be out of the barn. Nike has troubles brewing that isn't owning up to, so I think I'll wait. Mike