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

To: jeffbas who wrote (3505)	3/11/1998 9:47:00 AM
From: Michael Burry	Respond to of 78584

HYDEA hasn't had the same problems so far - their backlog is growing. Together with Adidas, they're the only two publicly traded athletic shoe firms I know of that have this "problem." Of course, the entire reason I bought HYDEA was because it is a proitable net net. For now at least, my goal is just under $6 in two years. Not that high - that gives it a PE of about 15 if it can simply maintain its current earnings. I am currently evaluating HYDEA for an even longer-term hold based on improving business fundamentals, but haven't gotten there yet. Mike