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

To: jeffbas who wrote (6438)	3/25/1999 4:36:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78515

New Holland showed for the first time a new line of construction equipment today at the Vegas show (no I'm not just here to play blackjack). It was a complete surprise to me because all I've been looking at is the ag side of their business. The machines look great, but its going to be a big mouthful at once for dealers used to selling only small construction equipment. It may take a while, but for the first time NH is offering its dealers and customers a full range of equipment. Given that they have also redesigned nearly all of their ag equipment in the last three years, that adds up to one heck of an achievement for this company. What I got out of numerous conversations with NH salesforce employees is that a) confirming my experience with their executives, these are able, decent and honest people - and b) they think the stock is a steal. FWIW. JJC

To: jeffbas who wrote (6438)	3/25/1999 12:39:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78515

Nope, still holding for a better recovery. I realize that e.g. on FINL, it goes from 7 1/2 to 14 1/2 and I sell all, well, I really only have 11 -12 at most to reinvest after taxes. Hence I sold 1/2 UBB, 1/2 FINL, and 1/2 TCP only because they ran up far beyond expectations given the time frame. UBB went from 10 1/2 to 18 1/2, TCP from 13 5/8 to 25, and FINL from 7 7/16 to 14 3/4. And UBB and TCP went only because I had overweighted those positions and I ended up way "too Brazil" after the rally. NH would have to get to the high teens before I consider selling half, and near $30 before I even consider selling the rest. NH I've a lot of confidence in, and have bought it for every account I manage, all recently just under 9. In any case, I can't trade NH in the VSN fund because the assets are frozen thanks to Etrade/Citibank. Looks like Robert Half is slipping away from me as my assets remain frozen. I had tried to enter an order two days ago at 30 3/8 and couldn't get it done. There'll be others. Mike