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

To: James Clarke who wrote (6326)	3/16/1999 8:14:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78958

Third that on MO. And on ANGLY, that one popped up on my January screen at my web site. valuestocks.net Couldn't find a reason not to buy it, but couldn't find a reason to buy it, either. Now I might have one. Time to look again. Thanks for the info James. Mike

To: James Clarke who wrote (6326)	3/18/1999 8:36:00 PM
From: Michael Burry	Read Replies (3) \| Respond to of 78958

James, Care to comment on Clayton Homes at these prices, and why the recent dive/relative current value? Also, how about Tejon Ranch at 17 again? And USEC falling back to 13 on fears of AVLIS viability? Just'd like your opinions now that these ideas of yours are all even lower, and if you've heard any scuttlebut that gives a good reason for their falls. Shoot, MO is slipping through my fingers again. I was waiting for that 35 again. Shame, shame. Mike

To: James Clarke who wrote (6326)	3/19/1999 8:01:00 AM
From: valueminded	Respond to of 78958

James: Appreciate your advice on this thread. A question, you never mention buying a stock and then doing a covered call sell. Is this part not part of you strategy. In particular, one comes to mind. buy NH at 10, sell the covered call september 10 strike for 1.25. In June you collect the 55c dividend. This allows you to enter the position at a price of 8.20 Which would seem like a heck of an entry price for this stock. Yes, your gain is limited to 18% but that seems pretty respectable for a 4 month period. Since farming is unlikely to recover this year, it would seem to be a good way of obtaining some return on a long term position. Another way to look at it is to sell the June 10 calls, knowing that they will take at least a 55c hit if the dividend is paid before expiry. Thoughts? thanks

To: James Clarke who wrote (6326)	3/19/1999 8:46:00 AM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 78958

Loewen debt a Graham value? I'm starting to think about pounding the table on this one. Oh yeah, and perhaps even buying some too: exchange2000.com my other post on this thread was: exchange2000.com So may I advocate buying junk bonds and/or shorting the common, and still be allowed to post here? ;-) - Daniel

To: James Clarke who wrote (6326)	4/16/1999 11:15:00 AM
From: valueminded	Read Replies (2) \| Respond to of 78958

james: Looks like you (or your friend) was 110% right on the call on ANGLY. A value play with a reason for some of its value to be unlocked. Whether it has been listed yet I can't say but it sure moved a ton since you brought it up. (around 36 when you first mentioned) Its nice to see a value play make a move in this market of madness. My question is where you got your information on this one (if you dont mind) I have been having a very difficult time trying to dig up information on ANGLY and ADR's in general. thanks