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Non-Tech : Radica Games (RADA)
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To: Alski who wrote (6512)12/17/1998 9:34:00 AM
From: swedelo   of 7111
 
Mr. Alski,

On the contrary I see this as an excellent opportunity to add position for long term purposes. Short term I just don't see too much down side ( $12.5?shr=5PE). As to the tax question, you got me!. I have a very close contact that is an IRS manager and my best friend is a partner in a local CPA firm. I will ask them both, but I can tell you what their answer will be......." I don't know, I'll have to research it".

A RANDOM THOUGHT:

Wondering how many others here noticed the addition of Mr. Hu to the board? Mr. Hu is the former CEO and President of Zindart ltd. Another Hong Kong Based toy company with manufacturing in China. Zindart (ZNDTY) has 8 million shares out and is selling at 6 1/4. I found this addition to RADAF's management somewhat interesting given managements discussion during CC about what to do with their cash position. I believe their answer was maybe buy some more shares back and we ar actively pursuing ACQUISITION possibilities. Talk about synergy! ZNDTY is about 2/3 the size of RADAF with odm deals with MAT ( they make hot wheels and collectable cast cars along with many other things including paper products...hmmmm, Girltech?). RADAF could buy ZNDTY at a 33% premium of 8 1/2, or 68 million dollars. RADAF registered 800k shares in July and should still have about 1/2 million shelf shares from original IPO they could use in a cash and stock deal. 1.3 million shares would equal approx 18 million , they have about 33 million on books and ZNDTY has about 22 million cash = 73 million! Just wondering if anyone else noticed.

Best Wishes,
Swedelo
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