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

To: Shane M who wrote (5581)	12/28/1998 8:14:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78767

That's quite an article. This stock certainly smells. Sounds like a do-gooder social worker trying to get back at the company though (yes, social workers can be bitter about all kinds of things). And sounds like Vencor is going to get worked by the Justice Department (yes, it would work over any long-term care facility it investigated, because medicare abuses are pretty much there everywhere if you look for them). So it's excrement. Is the price right? Can I categorize the risk? Holding my nose and digging deeper... FWIW, I bought into Timberland today. I'm wearing Timberland on my feet and on my back, and thought I'd look at the stock, and it was kind of a no-brainer. Low multiple of earnings, a strong consumer franchise, still improving margins and growing profits despite the slump. High ROE, 1.5x book, 1/2 of sales. Only 30% of revenues from abroad, and abroad is higher margin; room to grow I think, and that doesn't seem figured into the price. Thanks Shane, Mike