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

To: Michael & B.Anne who wrote (6762)	4/15/1999 10:46:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78594

You went wrong from the very first step. Online booksellers compete on price only. It's a commodity world. Borders competes on environment, location, timeliness, and has IMO the most comprehensive selection of any bookstore, if not music store. They are profitable and growing, and will continue to do so. They are just now expanding internationally. Meanwhile Amazon loses more the more it sells because it cannot raise the bar on the online price war that it started. Borders is profitable and growing despite its higher prices. Mike