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

To: Michael Burry who wrote (6813)	4/17/1999 10:26:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 78545

On VAR, there was an intelligent post on YAHOO basically saying that real progress is starting to be made on cancer which may well moderate demand for the therapies provided by VAR products over the next several years. The minute people see that starting to happen, it will be tough to sell new equipment. It makes sense that SOMEDAY that will happen. Therefore to some extent VAR should be priced like an oil well -- at a P/E sufficient to provide return of most of capital plus an investment return over some finite period of time. I will probably pass unless I see a very low price, which will likely not happen because my view is probably too far out of the mainstream.