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

To: Michael Burry who wrote (7060)	5/6/1999 7:22:00 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78475

Good morning, Mike - My broker went to the BUNZ presentation at the Raymond James institutional investor conference in early March. He really liked it, has liked the company and product. If memory serves, the company is coming out with a new store format, which could be very positive for earnings. That being said, I don't think he has purchased any. I have no position. I have recently purchased CS, purely on the theory that it will be taken over. Speculation (and that's all this is, currently) of a takeover has been substantial of late, particularly with FORE recently, and BAY, not so recently, having been consumed. Also purchased as I felt downside was limited. Other topics: IGT was upgraded recently by BBRS recently, casino stocks are showing life, Raymond James (the brokerage firm I deal with) is also bullish on the company's prospects. I have a position in IGT. Hey, all you YPF holders on this board, let's break out in a grin! What does this board think will transpire now? Will CSFB value the company at a higher price than REP is currently offering? Some article I read in the press mentioned that perhaps some large oil company might come around and offer a $50 stock deal. The only problem with this is that the corporate charter of YPF (I believe in a poison pill provision) only allows an all cash takeover!

To: Michael Burry who wrote (7060)	5/6/1999 8:08:00 AM
From: Terrapin	Read Replies (1) \| Respond to of 78475

Hi Mike, I've been watching CPU but haven't gotten in yet. Recent report may give a few opportunities for those interested in low prices. Same store sales down, revenue per sale also down due to falling computer prices. This trough has hurt them to the point where they said they would be opening fewer stores in the next few months. That's the bad news announced after the close yesterday. However, they stated their intention to sell other electronic devices and were looking into "strategic partnerships". And here's the reason why the price may actually go up today: they again said that they would IPO their internet business. So, here's my question: would the IPO then fall under the tracking stock category or would it be considered an independent issue since the books are kept separate? And either way, what effect would it have on the share price of the original CPU? TIA, Distress brings opportunity, John