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

To: Freedom Fighter who wrote (1731)8/13/1999 3:57:00 PM
From: Michael Burry  Read Replies (1) | Respond to 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.