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

To: Michael Burry who wrote (4221)	6/3/1998 12:43:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78542

Ispat's buying in Indonesia? Doesn't surprise me. I've found that buying other value investors is very profitable, and the CEO of Ispat is as contrarian as they come. Just don't forget its a steel company. Also, don't buy it unless you are comfortable with the accounting (that means read the 10-K twice). I was not comfortable with the accounting. If you are looking at P/E or P/B ratios, I hope you understand negative amortization. The accounting is why I didn't buy the IPO despite the CEO's charm.

To: Michael Burry who wrote (4221)	6/4/1998 10:18:00 AM
From: Bob Davis	Respond to of 78542

Mike, Just a brief note to tell your readers that I've just published an updated Analysis of Marlton Technologies (AMEX:MTY) on the Napeague web site. Bob Davis The Napeague Letter napeague.com