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


To: Michael Burry who wrote (7188)5/18/1999 9:01:00 AM
From: Madharry  Read Replies (1) | Respond to of 75789
 
oddly enough, I quickly looked at oracle yesterday, based on sales i gave internet revenues a 10x multiple and non internet revenues a 3x multiple and came up with a price of $25. So I see it as fairly valued by this criteria.



To: Michael Burry who wrote (7188)5/18/1999 9:06:00 AM
From: cfimx  Read Replies (1) | Respond to of 75789
 
>>It goes in the long-term hold, Buffett-like stock for me. Pairs to my AAPL and my APCC as Buffett-like tech stock long-term holds. <<

stocks with temporarily high roe's do not a buffet stock make. There is something vexatious about seeing his thinking reduced to this kind of simplistic comparison. It's just too easy to wave his name around a stock as if it was the national flag. Well it shouldn't be that easy. aapl, for example, is about as FAR from Omaha as you can get. We are talking Antartica here. It's a stock YOU bought. THAT doesn't make it a Buffet stock.



To: Michael Burry who wrote (7188)5/18/1999 7:34:00 PM
From: Ed Pirtle  Respond to of 75789
 
Thanks for the feedback. On the objective side, I agree for many of your reasons. I bought at 35 for the same reasons you did, and more. I was just addressing the subjective argument against APPL that is is not dictating an industry standard. I first bought a Mac in '85 and bought AAPL first in '86. There are reasons that MSfT bought $150 mln of APPL besides the DOJ suit, it is viable, for one. I still think it was a bargain at 47 where I bought another chunk. I am not familiar with IMO term nor the value/ratio. Would you please enlighten me?

Thanks,
ED