Stefan,
yes, sadly, I am still a holder in YESS. Wish I had gotten out in the
'teens. I believe the long term case is still favorable, but I believe
we may have to get back close to next Christmas to see any real chance
of getting to our $20 target. Still, there could be some good news on the
horizon, once we get past this earnings report. I got updated by my broker
on Friday, and here's the current pitch on YESS:
Earnings to be announced 1st week of Feb: Revenues will be up nicely
but the earnings story will not be good.
New lie detector toy to be unveiled at trade show in Feb.
V-Link II to be announced in March. I don't know what the difference
will be between II and the current product.
Supposedly a rumor making the rounds about a deal in the works
between a "major" toy co. and YESS involving a toy version camcorder
product. Supposedly insiders have been told not to trade in the stock
pending this deal, but if the insiders are currently locked out,
I suspect it has more to do with the poor earnings numbers that
are about to be released.
Again, this is all broker talk, so take it for what its worth.
I do believe the company is developing a nice niche as a developer
of technically sophisticated toys and I think there is some
value to that. I think at some point this company will begin to
look valuable to the Mattel's, etc. Even at the $180 million
revenue level that is forecasted for '97, they would be a small
bite for the majors. In the interim, let's hope the co. can translate
the expected revenue growth into something meaningful at the
bottom line.
All the best,
Barry
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