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

To: Michael Burry who wrote (837)	12/28/1998 6:57:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 4691

Well said, Mike. I'm worried about where this one is headed. How about this. A potential Buffetology investment. Has anybody looked at Grey Advertising (GREY), a weird company with a pretty good track record in an industry which Buffett drools over. The stock has a market cap of about $430 million and has $200 of that in cash. Some very smart value investors own this big. The stock looks like a potential homerun to me, but the key word is potential. One look at the proxy and you will see why I plan to do a lot of homework on this one. Anybody who has done that homework already and can tell me who Edward Meyer is, what his motivations are and whether he represents Buffett's idea of shareholder oriented management would make me very happy. This guy controls the game, and I'm not going to buy based on the numbers unless I can be convinced this guy is honest. GREY is a great example though of what we were talking about the other day - a stock so illiquid that Buffett couldn't buy it if he wanted to, but we can. Jim