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


To: James Clarke who wrote (6597)4/6/1999 9:44:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 78517
 
Only one of us can be happy about that one in two weeks.

Since I'm now in it and you're not, I'd have to say I'd hope I'll be the happy one, and you will at least not be sad.

To say that valuation is being ignored is an understatement.
Mike



To: James Clarke who wrote (6597)4/7/1999 2:38:00 AM
From: Paul Senior  Read Replies (4) | Respond to of 78517
 
To Jim Clarke: I intend to go against you and JOE one-on-one, one more time!

Adding to a small position today in Echelon International Corp. (EIN),
which is another Florida real estate development company, This one selling below stated book value.

Haven't done well with these r.e. companies (still own all I've mentioned before though -- ccs, cdx, others); also haven't done too well in challenging Jim Clarke.

I will try again -g-. With REITs paying good divs, yet with people apparently bailing out of real estate stocks, it's hard to find anything to commend EIN to anybody. Looks to me like I'm the fool rushing in. Sometimes that can be profitable. Doesn't seem like it now though. Three years, we'll see (assuming I can hold on).

regards, Paul