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

To: Michael Burry who wrote (3775)	4/8/1998 3:24:00 PM
From: Scott Mc	Read Replies (1) \| Respond to of 78530

Mike, thks for the kind words, re Eagle, debenture EAGLG is 6.25 of 01 convertible into common at $18, callable if stock trades at 27$ for 20/30 days. I am unhedged on my position right now, however over the last 2 years have shorted and written calls on my position when Eagle was in the $20's. Needless to say I still like it.. Re UIS, I bought for a number of reasons... 1. Nbrs looked good relative to IBM etc 2. Turnaround had been underway 3. Lawrence Weinback came on board in Sept, truely a leader from everything I've seen before and since. 4. Financial incentives to make the turnaround happen 5. Low P/SR 6. I had extensive dealings with a senior office who was at UIS(a real lying as_hole) and he was forced out. Had to be a positive :) 7. A fondness for Burroughs and Sperry(was a minor point) Scott PS: I do not currently have a position in UIS...