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

To: Michael Burry who wrote (7037)	5/4/1999 4:46:00 PM
From: Grommit	Respond to of 78470

Hand raised here. I mentioned timeshares before -- but I need to repeat since earnings are coming out and all companies are meeting or beating the street... I follow this sector closely. SVR and TWRI reported earnings today and made the numbers or did better. SVR seems undervalued to me (I own none yet) and some Yahoo posted that in the CC the company was comfortable with Q2. OWN (I own) comes out with earnings tomorrow and they repeatedly said that they are comfortable with numbers -- so I think they will beat them. They are also undervaled according to any measurement including in comparison to peers. The sector is getting recognized, with an article in Business Week and rumors of FFD being acquired stirring things up. All are heading up.... quote.yahoo.com

To: Michael Burry who wrote (7037)	5/4/1999 5:31:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 78470

Mike, Appreciate the improvement in DSWL's price, but it's JWG that's making my numbers look good. I posted it on the thread about 10 days ago after I bought at $12.375. Went over $17 today before profit taking at the end. Hot value stock in a hot sector. Still selling at slightly more than the cash they'll have and well under BV. FWIW, Ron

To: Michael Burry who wrote (7037)	5/4/1999 5:57:00 PM
From: Investor2	Respond to of 78470

1. HRD is definitely working today, although I haven't had time to research the reason yet. 2. Is the recent move up by the value stocks just a broadening of the market, or is it the final sprint by the cyclicals that often accompanies a market top? Best wishes, I2

To: Michael Burry who wrote (7037)	5/4/1999 6:09:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78470

Mike, I won't argue that NH has been stunning. If $.40 is the worst quarter of this cycle, there is certainly no reason to sell it here. I suspect that is why the stock has been so strong -- people have had to reevaluate their assumption that they would lose lots of money. However, I think we have a ways to go before we can break out the champagne over MWY. I believe it will take a surprise of some sort to get past $11, since a large amount of stock has traded in the $10-11 range.

To: Michael Burry who wrote (7037)	5/5/1999 7:34:00 PM
From: Robert Hoefer	Read Replies (1) \| Respond to of 78470

Yes, value may be coming back into style, unheralded. The news only quotes the Dow and talks about internet companies, but something is swirling underneath the surface. I wish I had bought New Holland as you suggested, or AG, but I didn't. I did buy Deswell, and that has shot up quite a bit. You mentioned tobacco, and BGL has gone up, but what about RN? That is just lying there, and yet they should spin off the tobacco business next month. You didn't mention the oil stocks, and I don't know if you would consider them value plays, but they are way up, including Global Marine and Maverick Tube, two of my favorites. You didn't mention Singer (SEW), but it is way up (to 5.25), along with many companies with some kind of Asian or third world connection. The sometimes-touted Elamex (ELAMF) has not moved, though, still crouched below $4.00. It is so thinly traded, I gave up on getting any. I have not heard anyone mention how many companies currently pay a huge dividend, besides utilities. For the enterprising dividend investor, this would seem to be a gold mine: Allied Capital--------(ALLC)--$17.50 Yld 9.1% British Steel---------(BST)---$23.50 Yld 7.0% Deswell Ind-----------(DSWL)--$12.75 Yld 6.4% Foster-Wheeler--------(FWC)---$13.25 Yld 6.2% Pennzoil-Quaker State-(PZL)---$13.25 Yld 5.4% RJR Nabisco-----------(RN)----$26.50 Yld 7.9% United Dominion-------(UDR)---$11.00 Yld 9.6% These stocks are not without risk, but they are all in different sectors with different sorts of risk exposure, and have decent balance sheets and ongoing businesses. I would be interested to know if others have found companies with similar characteristics, and if there are any comments on these companies.