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Michael Burry

Name	Company	Ticker	Time Period	Industry	Category	Summary	Total Return	CAGR	Source	Author's Pick
Michael Burry	Senior Housing Properties	NYSE:SNH	2000-2001	Senior Housing REIT	Legal	Gained value through bankruptcy proceeding of leasee	30%	30%	2000 MSN Money Articles	*
Michael Burry	Paccar	NASDAQ:PCAR	2000-2005	Heavy Trucks	Accounting/Cyclical	Buying a strong company in a down cycle, misconception on debt in EV calculation	360%	30%	2000 MSN Money Articles	*
Michael Burry	Caterpillar	NYSE:CAT	2000-2003	Engineering Equipment	Accounting/Cyclical	Buying a strong company in a down cycle, misconception on debt in EV calculation	175%	25%	2000 MSN Money Articles	*
Michael Burry	Healtheon/WebMD	NASDAQ:HLTH	2000-2005	Healthcare Software	Startup	Best in industry product, 4.5 years of cash to burn	108%	15%	2000 MSN Money Articles
Michael Burry	Clayton Homes	NYSE:CMH	2000-2005	Manufactured Homes	Cyclical/Best-of-Breed	Great Management in a cyclical downtown	350%	30%	2000 MSN Money Articles	*
Michael Burry	Carnival Corp	NYSE:CCL	2000-2005	Cruise Line	Cyclical/Best-of-Breed	Best-of-breed in a cylical downturn, maturing business	200%	15%	2000 MSN Money Articles
Michael Burry	Huttig Building Products	NYSE:HBP	2000-2005	Distributor (Doors, Windows, Trim)	Cyclical	160 years of profitability in a cyclical industry, 5x FCF	100%	15%	2000/01 MSN Money
Michael Burry	Axent Technologies/Symantec	NASDAQ:AXNT	2000-2006	Movies	Best-of-Breed	High quality, unattractive temporarily due to dry quarters	400%	25%	2000/01 MSN Money	*
Michael Burry	Pixar Animation Studios	NASDAQ:PIXR	2000-2006	Movies	Best-of-Breed	High quality, unattractive temporarily due to dry quarters	400%	25%	2000/01 MSN Money	*
Michael Burry	Deswell Industries	NASDAQ:HLTH	2000-2003	Hong Kong Plastics, Metal, Electronics	Foreign	Hong Kong stock, distrusted, but 4x EV/Earnings, expected significant growth	120%	30%	2000/01 MSN Money
Michael Burry	DiamondCluster International	NASDAQ:HLTH	1991-1993	Autoparts and Glass	Special Situation	MLP + strange capital structure, incentive to realize breakup value	120%	30%	2000/01 MSN Money
Michael Burry	Spherion/Michael Page	NASDAQ:HLTH	1991-1993	Autoparts and Glass	Special Situation	MLP + strange capital structure, incentive to realize breakup value	120%	30%	2000/01 MSN Money
Michael Burry	Adobe(short)	NASDAQ:HLTH	1991-1993	Autoparts and Glass	Special Situation	MLP + strange capital structure, incentive to realize breakup value	120%	30%	2000/01 MSN Money
Michael Burry	Cisco	NASDAQ:HLTH	1991-1993	Autoparts and Glass	Special Situation	MLP + strange capital structure, incentive to realize breakup value	120%	30%	2000/01 MSN Money
Michael Burry	Intel	NASDAQ:HLTH	1991-1993	Autoparts and Glass	Special Situation	MLP + strange capital structure, incentive to realize breakup value	120%	30%	2000/01 MSN Money

Magma Design Automation Favourite Quotes:
"My strategy isn't very complex. I try to buy shares of unpopular companies when they look like road kill, and sell them when they've been polished up a bit"
"Specific, known catalysts are not necessary. Sheer, outrageous value is enough."
"It strikes me as ridiculous to put limits on my possibilities."
"Out-of-favor industries are a particularly fetile ground for best-of-breed shares at steep discounts."
"I prefer to buy within 10% to 15% of a 52-week low that has shown itself to offer some price support."
"I do not view fundamental analysis as infallible. Rather, I see it as a way of putting the odds on my side."
"Over time, the road of empiric discovery toward interesting stock ideas will lead to rewards and profits that go beyond mere money."