GRIN (Grand Toys International Inc) Message Board

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Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.30

+1.1%

Dec 3 3:54 PM EST

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To: Frank McVerry who wrote (456)	11/18/1999 7:17:00 AM
From: Dako	Read Replies (1) of 495

Frank: Borrowed from a post on another board, this gives you the right idea on how the market will price GRIN as the speculators go on the next "next" thing: <GRIN is quickly returning to a "normalized" valuation because: The Pokemon hype effect is wearing off in general. People are realizing there is no measurable Pokemon play here anyway. Post-Christmas is a very bad time to own toy stocks (check the charts), and the pre-Christmas bump has long been completely overwhelmed by the Pokemon run-up. The low float has been remedied by massive management sales, which should have been your first clue to beat it along with them. What is normalized valuation, you ask? Being very kind to GRIN: Given that the far superior Hasbro trades at 15x next year's earnings, give GRIN 12x. On $40 million sales and a generous 5.5% after-tax margin and 3.1 million shares, that's about 70 cents/share. Multiply by 12 and you get 8 3/8. Should be there by year-end.> That says it all for me. I will be covering down there. Regards, Dako

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