tag:blogger.com,1999:blog-6321089372587128676.post6148155114462443884..comments2023-10-17T10:01:00.917-04:00Comments on Distressed Debt Investing: Michael Burry QuotesUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6321089372587128676.post-42468071819989402982011-06-01T14:12:21.771-04:002011-06-01T14:12:21.771-04:00Could you post how one gets to the low rated US St...Could you post how one gets to the low rated US Stocks Bloomberg screen you mentioned "One of my favorite screens on Bloomberg is US stocks with at least five analyst ratings and the average rating less than 2 (on Bloomberg analyst ratings range from 1-5, 5 being strong buys, 1 being strong sells)."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-36872473887616466292010-04-06T00:29:12.874-04:002010-04-06T00:29:12.874-04:00Without more context, I am not sure you can say th...Without more context, I am not sure you can say that this was a Burry investment idea. At face value, he is trying to explain why a company has a low price to book value.<br /><br />Considering that he was a medical doctor, who at the time was practicing as an amateur value investor, I find his writing impressively rigorous. He shows near an analyst's level of understanding of the business and digs in deep to understand the valuation. Aggressive accounting for revenue recognition and negative cash flow definitely would make me hesitant to invest, but I admire his thoroughness.<br /><br />I assume they went bankrupt or were bought by a private equity firm, and I didn't find which based on a quick search. I do see they are now trading as SVLF, but notice that ticker only goes back to 2004. What I see today is a company mostly accumulating debt, uneven revenues, and of course negative cash flow. Not my cup of tea unless it was trading for pennies against a valuation in dollars in a liquidity crisis I thought they would survive. Notice the huge discount to book value (even more pronounced now than in the original evaluation).<br /><br />Dr Burry is practically my next door neighboor. Having read these articles I would really like to meet the guy.persistentonehttps://www.blogger.com/profile/04962190758037772672noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-56394600384052070952010-04-02T10:07:12.933-04:002010-04-02T10:07:12.933-04:00I find it a bit strange you would use a time share...I find it a bit strange you would use a time share developer as an example of a great Burry idea. There was a reason it was selling far below stated value -- these types of developers were the first to be affected as the credit tide went out.<br /><br />So what was Silverleaf's performance? I notice the symbol SVR is no longer in service and the similar SVRF doesn't take me back to '99..quest for valuenoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-46341300246251996922010-03-31T20:03:28.991-04:002010-03-31T20:03:28.991-04:00Hey, these are amazing writeups you're doing. ...Hey, these are amazing writeups you're doing. Keep up the good work!<br /><br />Arthur O'Keefe<br />www.spvalue.comArthur O'Keefehttp://www.spvalue.comnoreply@blogger.com