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Technology Stocks : Midway Games - MWY -- Ignore unavailable to you. Want to Upgrade?

To: Steven Johnson who wrote (41)	5/21/1998 10:39:00 AM
From: Michael Burry	Respond to of 278

Aw, when I saw the price, I just went a entered a market order. I got a RT back of 12 1/8 by 12 3/8 and snagged the shares at the ask. As I just recently posted on Michael Burke's thread, it must be the kids that play these games that own the stock. No debt. High ROE. Even if it makes a quarter a quarter forever the earnings yield is still worth it today. But chances are it will grow again, and that makes my price a value. I like the business economics, and I see a margin of safety in a stock that has minimal institutional ownership yet has 9 days of short volume and huge WMS overhang. This stock would fall under its own weight if the preannouncement didn't speed it up. But at 12 3/8, there's long-term value. Good Investing, Mike