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To: Michael Burry who wrote (1730)8/13/1999 3:48:00 PM
From: Freedom Fighter
   of 4661
 
Mike,

Glad to here it, partner! I agree completely.

Wayne

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To: Freedom Fighter who wrote (1731)8/13/1999 3:57:00 PM
From: Michael Burry
   of 4661
 
FWIW, after all my hootin' and hollerin', I did buy back into Mattel as well at sub-22 prices today. Traded that one 22 to higher twenties. Then made a big stink about the return on capital. And now I've reconsidered. I see this as low risk thanks to the brand names, the earnings way understating cash flow, and the low it tested for the second time less than a point south of here. I also read a little snipped about Mattel in ComputerWOrld that leads me to believe they do really get where the business of toys is headed. Would I sell if it breaks 20? I'd consider it.

Mike

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To: James Clarke who wrote (1722)8/14/1999 1:04:00 AM
From: jhg_in_kc
   of 4661
 
BUFFETT has said quarterly earnings reports are irrelevant. But now that I think about it, what the hell is relevant? A CD in Westport Bank in Kansas City, Mo paid more than Buffett
THE TRUTH IS WHAT BUFFETT NEEDS IS A TERRIBLE BEAR MARKET, SO HE CAN FIND HIS GREAT FINDS. ARE YOU WILLING TO LOAN HIM YOUR MONEY UNTIL THEN.
WHAT HE IS DOING IS SELLING INSURANCE. SEND ME YOUR MONEY NOW WHEN TIMES ARE GOOD, I WILL REWARD YOU WHEN TIMES ARE BAD....
Any thoughts, as Berkshire languishes....?

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To: jhg_in_kc who wrote (1733)8/14/1999 4:42:00 PM
From: James Clarke
   of 4661
 
Oh I get it, you wait until it goes up and everybody loves it, THEN you buy it. I feel so stupid only being up a few bucks in Berkshire Hathaway after 8 long agonizing months owning this dog of a stock. What could I have been thinking?

Mike, welcome back to Mattel. Stay a while. We've got roughly the same cost. If it goes below 20 and you sell, it may be me you're selling to.

Jimmy Jr. was born on Thursday. Weighed in at 9 pounds, 11 ounces, 21 inches, with a P/E of 30. Mom is doing well. Dad is exhausted. This little guy may be responsible for a few pennies of Mattel and Disney earnings in the future, though so far Proctor & Gamble (Pampers) is the clear winner!

JJC

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To: James Clarke who wrote (1734)8/14/1999 9:42:00 PM
From: Michael Burry
   of 4661
 
Wow, Jim. The next Shaq? At a PE of 30, with so much potential, I'd say he's a keeper ;) Congrats! Don't know the feeling myself yet.

Re: Mattel, I'll try my darndest to stay a while. Re: reconsidering, I meant to say I've reconsidered on Mattel. On the ROIC situation, still mostly sticking to my guns. A poorly run business with potential is my take.

Mike

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To: James Clarke who wrote (1734)8/16/1999 1:10:00 AM
From: jhg_in_kc
   of 4661
 
James, congratulations on fatherhood. Don't sell that boy just cause he has a big P/E
all the best
jhg

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To: James Clarke who wrote (1734)8/16/1999 11:57:00 AM
From: Freedom Fighter
   of 4661
 
James,

>>Jimmy Jr. was born on Thursday. Weighed in at 9 pounds, 11 ounces, 21 inches, with a P/E of 30. Mom is doing well. Dad is exhausted. This little guy may be responsible for a few pennies of Mattel and Disney earnings in the future, though so far Proctor & Gamble (Pampers) is the clear winner!<<

Congrats! Would you mind using Huggies once in awhile. Huggies are made with a "Velcro" strip that I believe to be superior to the PG Pampers. I own shares in VELCF. :-)

Wayne

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To: Freedom Fighter who wrote (1737)8/16/1999 12:20:00 PM
From: Art Vandelay
   of 4661
 
Wayne,

OT
Congrats! Would you mind using Huggies once in awhile. Huggies are made with a "Velcro" strip that I believe to be superior to the PG Pampers. I own shares in VELCF.

As a parent with a 6 month old, I can attest that the Huggies with the Velcro strip ARE SUPERIOR to any brand that just has the tape. I may have to look into VELCF.

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To: Art Vandelay who wrote (1738)8/16/1999 12:31:00 PM
From: Freedom Fighter
   of 4661
 
Art,

>>As a parent with a 6 month old, I can attest that the Huggies with the Velcro strip ARE SUPERIOR to any brand
that just has the tape. I may have to look into VELCF.<<

Thanks for the endorsement.

VELCF is trading only slightly above my purchase price of a couple of months ago. I believe it remains a decent value. There are few new applications for Velcro. Diapers seem to be a growing category so I'm happy to hear that you agree with me about the superiority of Huggies (with VECLRO).

Wayne

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To: Freedom Fighter who wrote (1739)8/16/1999 2:24:00 PM
From: Art Vandelay
   of 4661
 
Wayne,

Do you have a good source for some historical financials on VELCF?

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