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Non-Tech : BMC Industries -- Ignore unavailable to you. Want to Upgrade?

To: HB who wrote (318)	5/21/1998 3:33:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 359

You caught me. Yeah, I was making room for MWY. 15 5/8 was my support. But I'm not too worried. It was a long-term stock I bought originally when I could find little value in the market. In one account, I'm still in it. I've got more ideas now, and they bump BMC down in my shorter-term account (the one with MWY). But that just makes it easier to wait. Rididiculous for me would be if it trades at book value, since its book value is generally good, keeping in mind the debt. Moreover, if I do end up getting a decent response about the Orcolite deal, I'll probably get back in (I'd post the info here). Keep in mind that management has managed this company well for a good long time. We're just caught in a bad combo of Asian flu and product transition, along with capital expansion. None of this hurts the long-term prospects, and may actually benefit it. Mike