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

To: Michael Burry who wrote (6348)	3/18/1999 1:19:00 PM
From: MCsweet	Respond to of 78829

Audiovox (VOX) looks interesting From Yahoo Marketguide: Audiovox Corp. markets and supplies a diverse line of portable and vehicle cellular telephones and accessories, automotive sound and security equipment, cruise controls, mobile video, and other automotive aftermarket accessories. For some time, I never quite figured out what Audiovox did. It seemed to be a holding company (with a position in Cellstar) that sold some type of cellular phone equipment. The stock price has gone nowhere over the past five years, and the stock has been selling well below sales and book value, with an earnings history that was nothing to write home about. However, over the past eight months or so the stock has doubled, there have been positive earnings surprises the last couple quarters, and I keep hearing Ads on my radio station here in Houston for sleek new Audiovox cellular phones from Primeco. (I hear similar ads are airing in Chicago.) The stock is also still selling well below sales and book value. I don't know about the long term prospects of this company, but over the short term at least it looks like it has some decent prospects. Any comments? MC

To: Michael Burry who wrote (6348)	3/18/1999 3:50:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78829

Mike I reduced some of my UBB yesterday as it was just too much of my portfolio. Suggest you take it a look at WFMI- WHole foods. Probably not exactly a value play, but its down 50% from its high, just opened up an internet site, has comparatively low pE ratios in its industry, and I have no doubts as to its long term survival and like the business.