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


To: James Clarke who wrote (4219)6/2/1998 9:28:00 PM
From: Michael Burry  Read Replies (3) | Respond to of 78530
 
James, Re: IST

I brought up Ispat here before. The price went on to hit 17 1/2, rebounded to 30, and is now sinking again. It has been on an acquisition binge, and just today it was announced it is buying a large chunk of the major Indonesian steel firm.
biz.yahoo.com
I know that you have had some sort of exposure to the CEO and Wall Street's appraisal of him and his firm. Any thoughts on whether and how Ispat could take advantage of all this turmoil abroad to load up cheap? And would it make Ispat a value at some point?

Mike