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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 27.400.0%Dec 5 3:53 PM EST
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To: ALTERN8 who wrote (239)8/6/1999 10:38:00 PM
From: Frank McVerry  Read Replies (1) of 495
 
ALTERN8,
The market always has me worried but I try to stay
100% invested, the 'Peter Lynch' way, with my stock-market
money. You're right, the present economic announcements are
not positive with respect to inflation and point to PE
contraction in the high PE stocks because of the rising
interest rates.
That's why I like GRIN, because there is a 'bedrock' of
value which has been pretty-much ignored to date - we have
a company here with no long-term debt which has been
making money for 40 years (and probably the next 40 too)
with a 'niche' of largely-exclusive distribution rights
for their products in Canada. It may not be an Internet
'rocket' (though even that possibility exists for them) but
as it's a micro-cap with a small float, it seems any good
news can give you very good percentage gains.

FWIW,
Frank
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