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: jeffbas who wrote (2866)	12/23/1997 1:29:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 78666

Jeffrey Re: HYDEA 1. No insider buying 2. A historic underperformer - current value is at low end of historic range, but it is an oscillator. 3. relatively little impact from Asia vs peers esp Nike Adidas I like companies with great management and insider buying -who doesn't? But there is also a portion of my portfolio for bad managements mismanaging assets (such as the Saucony and Hind brands) that would be worth more under different management. As you know, that one of about 3 things acquirers look for. If I had 28 million and knew the shoe marketing business, I might want to take a shot at acquiring the Saucony brand and the Hind brand on the cheap and improving on them. But the story here is it is a Graham net net strategy - we are not counting on better management or acquisition, but rather that it will fluctuate back to net quick assets as it has in the past. Looks like net nets wouldn't fit with your style of investing. I basically agree on PD - profits are still too fat and the PE is still too low, but I am interested because PD seems to be the class outfit, and long-term copper supply/demand characteristics are favorable. Just trying to time my buy. Mike