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

To: Michael Burry who wrote (3088)	1/23/1998 8:58:00 AM
From: Richard Barron	Respond to of 78595

Michael, GES has earnings estimates of about $1.00 for '97 and '98. I imagine the stock will recover from a P/E of 6 to a P/E of 10-12 on the first or second positive earnings comparison to the year earlier quarter. It may be 2-3 quarters away, but with a 50-100% appreciation potential just from stabilizing their business, the stock has a lot of upside. I like OO also. Whenever a president of a company buys another 1,000,000 shares, he is either a fool, or a person to share a risk with. I think OO will turn out to be a good long term investment. The Sunglass Hut debacle is behind them now and the stock will probably get hot around March or April, just before the season starts. Richard