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

To: Michael Burry who wrote (6778)	4/16/1999 11:02:00 AM
From: LauA	Read Replies (3) \| Respond to of 78576

I need a little advice: I'm looking for a financial data base with search engine. My specific test is rank ordering by cash per share; also constructing 2/3 net net subset. I've tried a bunch of the free services on-line without success (particularly looking at cash). I've tried Value Line - but that is limited to their 1500 stock universe. The for-pay part of Market Guide seems to offer analyst reports and the like. The most robust service I've found is from Investors Alliance, but their software used to be sketchy, and across net downloads were problematic. Compustat appears ideal, but my understanding is that a seat costs on the order of $10,000/year. Any suggestions? Lau

To: Michael Burry who wrote (6778)	4/16/1999 11:24:00 AM
From: TAPDOG	Read Replies (2) \| Respond to of 78576

Mike, have you ever looked at MDA. This is a chain of art galleries selling the work of one painter with the galleries in upscale malls all over the country. I first looked at this stock to short because I thought the whole thing was a scam. Then I found out that they sell $120 million dollars worth of paintings. PE=6. 2.25 x book price/sales = .9 stock is near its 52 week low. Anyone have a second opinion?

To: Michael Burry who wrote (6778)	4/16/1999 3:52:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78576

A beauty of a net-net started to move off a bottom this week. Take a good look at Lazare Kaplan (LKI), the global leader in diamond cutting and distribution. Even after a 20% move, it trades below net working capital. That working capital is predominantly diamond inventory, and DeBeers never lets diamond prices fall. There are several catalysts for this stock to run (and by run, I mean double). Earnings are very leveraged to Japan, and Japan may be showing signs of a recovery in diamond demand. Second, the company is about to start a JV with General Electric that could produce a lot of earnings, but will at least get the company some attention (its what Wall Street calls a "story"). Third, the stock historically tracks DeBeers. DeBeers has made a 62% move so far this year, and LKI has done absolutely nothing. The company is buying back its own shares. My source on this one is the same guy who called ANGLY (also DeBeers related.) ANGLY may not be done either. My average cost is about 8 FWIW. Jim