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

To: jeffbas who wrote (2855)	12/22/1997 2:51:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78667

Yep, that was me. Hyde's inventory counts in the net net calc but who knows the quality. Nevertheless, at 50-60% of net assets, this profitable, debt free company is awfully cheap. It is in running shoes which are expanding (with a loyal folowing) and not in the faddish basketball shoes. Looks like it may earn 35 to 40 cents so at 3 1/2 to 4 I just don't see the downside. Mike

To: jeffbas who wrote (2855)	12/22/1997 2:55:00 PM
From: judge	Read Replies (1) \| Respond to of 78667

Comments on WDC? Look at the variances in ZACK's earnings est. WESTERN DIGITAL 12/13/97 ZACKS ANALYST WATCH MEAN HIGH LOW NUMBER MEAN CHG EST LAST MNTH MEAN HIGH LOW ($) FISC YR END 6/99 1.72 3.81 0.70 12 -1.23 FISC YR END 6/98 0.86 2.38 0.10 17 -1.20 VS ACTUAL 6/97 2.86 Since it has already earned .67 cents in the first qtr, its hard to believe the Low estimate of 10 cents for the year. The high of 2.38 is very interesting.. How can these analyst be so far off? Might not be a bad idea to buy a "string" I thinks that is the term. Buy both a Put and a call and look for a big price movement in either direction. Does anybody have some input on the pricing of hard drives? At these levels I would say this stock is a bargain but I thought it was cheap at 45.00.. just thinking outloud.. best returns j