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

To: Paul Senior who wrote (5600)	12/29/1998 11:26:00 PM
From: E Newman	Read Replies (2) \| Respond to of 78774

Paul, talk about Value investing paying off, look at V V T V today! Anyway, our old friend JWG looks very undervalued here, any opinion?

To: Paul Senior who wrote (5600)	12/29/1998 11:30:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78774

My reasons for FINL over Z was mainly the lack of any LT debt, the substantial cash position (which they've largely spent down by retiring at least 4% of their shares the last two months), and the, IMO, greater growth potential (in terms of they have a lot of stores to open before they hit FL's level, and I don't see any reason why they couldn't do that). I understand management at FINL is supposed to be good (or at least for some reason the Fool thinks so) and I think they've been doing a good job of expanding the concept with the bigger superstores, while still controlling inventory. How they open stores with over 120 pairs on display and shrink inventory per square foot by over 20%, I don't know, but it sounds good, and any good news with a 2/3 book value and no debt is almost reason enough for me. My position is small and hopefully I can add to it later with my Amazon.com profits ;-) Mike