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

To: LauA who wrote (6955)	4/26/1999 1:06:00 AM
From: Michael Burry	Respond to of 78476

Office Max is very poorly run relative to Office Depot. Wall Street knows it. Everything from quality of management to quality of new hires at the customer-interaction level. Office Depot and Staples are leading the charge to automatic online ordering systems for corporate customers, while Office Max lagged. It is viewed as a laggard in a business where innovation and leadership are requisite for success, so it deserves to be discounted relative to the other two. How much, I'm not sure. But I wouldn't buy the stock. Mike