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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (28005)	5/9/1998 4:44:00 PM
From: Knighty Tin	Read Replies (4) \| Respond to of 132070

To All, Abelson took a shot at Ballard Power Systems this week. He basically talks about the fact that a real product is further in the future than Ballard wants us to know, that there are competing technologies, and that Ballard does not have a lock on its technology. In fact, he even scoffs the idea that Ballard has any technology expertise at all. The primary tech breakthrough was developed at Los Alamos and Ballard had nothing to do with it. Then he talks about valuation. It isn't a pretty picture. I have no position on this one, but, it has been a popular topic on the thread, so I thought it rated a note. Then, the analyst who hates Disney had a chuckle at their current eps report. He basically says that the $68 million increase in eps last quarter would have been $2 million if Disney had accounted for things reasonably. Another case similar to Mickey Mouse's divorce court settlement: "Mr. Mouse, you say that Minnie is insane. I find her completely rational." "I didn't say she was insane, Your Honor. I said she was f___ing Goofy." Sorry about that groaner, MB

To: Knighty Tin who wrote (28005)	5/21/1998 10:35:00 AM
From: Michael Burry	Read Replies (2) \| Respond to of 132070

Re: Midway Games Today they preannounced. I'm a value investor and a contrarian, so therefore this is interesting to me. I see 9 days worth of short volume despite just 15% institutional ownership (though I mistrust these numbers in the wake of the spinoff), decent ROE sans debt, a depressed price due to share overhang from the spinoff. Plus I like the economics of a business that can test out its highest margin products in the real market before investing in advertising. Technically they are a falling knife, down 3 1/2 after a delayed opening. Within minutes, twice the daily volume rushed in to sell. There are rumors on the Yahoo board that insiders bailed, but I can't find it on my sources. I'm thinking that it must be the kids that play these games that own this stock. I'll take .25 with some revenue growth. So I initiated a position at 12 3/8. Am I missing something? You obviously have quite a following so I ignored you for some time, but you're the only other poster on SI that I can see thinking about this one. Good Investing, Michael Burry