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

To: Michael Burry who wrote (6362)	3/19/1999 3:11:00 PM
From: deeno	Respond to of 78957

Industry wide you could look at the Satellite industry. Although It doesnt sound like a "value industry" look at Orbital Sciences (ORB). May be other gems in the mix. Industry dropped as the prospects of Irridium "fast start" seemed to fade. Think we will have more satellites in the future?

To: Michael Burry who wrote (6362)	3/19/1999 6:34:00 PM
From: Gerald F Bunch	Respond to of 78957

Michael You might want to take a look at Friede Goldman(FGI). I had some more data on them, but I lost a hard drive awhile back. Here is a link to their thread. Subject 24076 Regards GB PS I do not have a position in them yet. I'm going to wait for post OPEC meeting reaction.

To: Michael Burry who wrote (6362)	3/19/1999 6:43:00 PM
From: Q.	Read Replies (2) \| Respond to of 78957

Michael, are mutual fund operators a beaten-up industry, at least in comparison to other financial stocks? take a look at BEN TROW PFX BEN is really out of favor because of erosion of assets under management. I'm not sure what the deal with TROW and PFX might be -- the stock prices pretty much stalled in the last year, despite the bull market. A few weeks ago would have been a much better time to buy TROW, though. TROW: stocksheet.com BEN: stocksheet.com I created a link with Yahoo data & charts for the 50 biggest financial stocks so that you can see how the mutual fund companies have really underperformed some of the other financial stocks: quote.yahoo.com

To: Michael Burry who wrote (6362)	3/19/1999 6:45:00 PM
From: Q.	Respond to of 78957

Michael, are mutual fund operators a beaten-up industry, at least in comparison to other financial stocks? Is BEN the biggest value play among them? take a look at TROW PFX BEN BEN is really suffering because of erosion of assets under management. It's trading at 17X estimates for the FY ending in Sept. I'm not sure what the deal with TROW and PFX might be -- the stock prices pretty much stalled in the last year, despite the bull market. A few weeks ago would have been a much better time to buy TROW, though. BEN: stocksheet.com TROW: stocksheet.com PFX: stocksheet.com Here's a nice article explaining that the problem with BEN is that the type of funds offered by Franklin Templeton are out of favor with investors. fnews.yahoo.com I created a link with Yahoo data & charts for the 50 biggest financial stocks so that you can see how the mutual fund companies have really underperformed some of the other financial stocks: quote.yahoo.com

To: Michael Burry who wrote (6362)	3/19/1999 10:39:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78957

Mike Burry: You are funny! You're taking profits and looking to reinvest as the market hits 10,000? What happened to the guy who has often posted that the market is so overvalued, he's going to cash?? LOL, Paul.

To: Michael Burry who wrote (6362)	3/20/1999 2:47:00 AM
From: Kitskid	Respond to of 78957

Canadian stocks are very low right now. To start, check out: AC; BTS; CCO; DMM.A; EBC.A; HOT.UN This site will lead you to lots of information: tse.com

To: Michael Burry who wrote (6362)	3/20/1999 5:22:00 PM
From: Stewart Whitman	Read Replies (1) \| Respond to of 78957

Mike, You might try looking at the chemical industry. There's a great deal of restructuring going on in this area. There seem to be a lot of potential opportunities being created. My favorite stock (which I own so I may be biased) is ARJ (Arch Chemical). This company is a recent spin-off from OLN (Olin). OLN put 3 high-growth/high-margin specialty chemical businesses into ARJ (Olin retained the big low-growth/low-margin industries). The 3 areas are: microelectronic chemicals, water chemicals, and performance chemicals. The microelectronic area is especially interesting to me given any reasonable upturn in semiconductor industry, as well as a new plant that has just come online. ARJ has said it expects earnings growth of 19% this year. ARJ trades at a trailing P/E of 12, trades at an estimated forward P/E of 10, pays a 4.5% dividend, has a profit margin of about 5%, and trades at book value. It has been profitable for at least 5 years with profit margins rising from about 2% in 1993 to as high as 6% 1996 & 1997. The balance sheet is quite reasonable (Debt/Equity is about 0.2) and OLN had a history of repurchasing shares. There is about 5 years of history available from the company's EDGAR document - don't trust the numbers you see on Yahoo! or other services since they may be carrying over OLN numbers. Stew