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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 27.010.0%Dec 2 3:59 PM EST

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To: Frank McVerry who wrote (453)11/16/1999 6:11:00 PM
From: Kevin Podsiadlik   of 495
 
(in other words, GRIN's projected year-end PE, price/rev and price/book are all lower than the average stock in 'Toys & Games' sector)

Could this possibly be because they are not a toy manufacturer like Hasbro or Mattel, nor do they run a single store, much less the thousands of a Toys 'R' Us, but in fact are an obscure Canadian distributor with neither the high profile nor the margins of the better-known names in the sector?

Based on management's growth expectations, GRIN 'fair' price would be $67

Are those long-term and sustainable growth expectations, or just a one-time increase due to the landing of a sizeable contract of short-term value?

Just my 2c,

Now you're getting warmer.
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