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

To: Freedom Fighter who wrote (6868)	4/21/1999 2:34:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78516

Wayne, Re: Borders Just looking at financial statistics of BGP, I see little wrong. This is a weak quarter for bookstores. They were only expected to earn a penny, so now they'll be about breakeven. Doesn't concern me. When they announced that they were not going to throw any more money away on the internet, I kinda thought that things weren't going well. I still like the strategy. I am in absolutely no position to know what's going on inside the company. When just a CFO leaves, it concerns me more than when the CEO is replaced. In fact, I tend to look at a CEO being replaced as a good thing. It's a gestalt thing, though, and I'm now officially biased since I did double my position. Mike

To: Freedom Fighter who wrote (6868)	4/21/1999 2:42:00 PM
From: Mike 2.0	Read Replies (2) \| Respond to of 78516

Wayne I agree with you re Borders. Abrupt CEO resignation = smoke...you can't see the fire yet, but... Mike: what about the 900 or so small-mall Waldenbooks stores out there? Wayne was it you who raised concern re the Waldenbooks (et al) small mall bookstores? I definitely do NOT like these stores...just enough books to fill the place but 99% of the time does not have what I'm looking for. Too bad they don't just theme them as technology bookstores or something. Hey! <<light bulb over head>> they should relaunch them as SiliconInvestor.Com-The Bookstore - 1/2 technology, 1/2 investment books and software...surely a better idea than a chain of "me too" mall bookstores, waiting to get category-killed by Barnes & Noble, even Borders superstores...?