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

To: jeffbas who wrote (6196)	3/4/1999 11:57:00 PM
From: Michael Burry	Read Replies (4) \| Respond to of 78469

WOW. MWY is offering shares. This is the most unexpected, perplexing thing I've seen. They have $28 million in cash. The offering would raise only $2 million. And they are supposed to be in the middle of a buyback - and the latest quarterly report says that they indeed have been buying back shares. biz.yahoo.com So what gives? I'm guffawing right now. Anyone with insight please let me know. This company continues to perplex. All that knowledgeable outsider and insider buying, the cheapest video game company, and the price sinks to ridiculous levels. So offer a miniscule amount of shares for no reason? I don't get it, Mike

To: jeffbas who wrote (6196)	3/6/1999 12:11:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 78469

jeffrey, I didn't mean to imply that NH isn't a good buy at it's current level, only that one must think long term. In a couple of years it could be making new highs. IMO- This market is only thinking short term. Any news can bring forth a major buying or selling spree on a company or a sector. Value investors should be looking at those sectors and areas that are down and thinking long term. Oil and Ag quickly come to mind as do foreign companies. Oil is a continual use commodity, price controlled by a small group of Arab countries (remember 1979). Ag prices are influenced by global weather, ag machinery does not last forever and must be replaced. Some very good foreign companies have been sold down simply because they are foreign, but that's where the growth will be. On Nightline Buffet said (paraphrased), "chose those companies that will be highly profitable in the good times and still make money in the bad" Seems like good advise to me. FWIW, Ron