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

To: Michael Burry who wrote (5200)	10/28/1998 5:41:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78525

I admire your timing but i don't get your reasoning; if you liked Deswell at 20, why don't you like it more at 12? And if you like a 5% real rate of return, Dswell is around 25% return on enterprise value, should their profits drop by 50% that would still leave a 12.5% return and of course they have no debt and a significant cash cushion. I liked Deswell at 18 and also added to it at lower levels. I just can't see a reason to sell it until it becomes too big a part of my portfolio OT I would appreciate guidance from any energy experts out there. I am interested in learning how to evaluate energy stocks for value. Any ideas? I know PSJ and SGO have been beaten down very badly but I have no understanding of what makes for good values in this business and where the pitfalls lie.