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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 (488)4/7/2000 1:04:00 AM
From: Kevin Podsiadlik  Read Replies (3) of 495
 
Hi Frank:

I did promise a return visit this month, but I would guess you're probably not too pleased with your GRIN investment right now, so I'll not tarry.

Looks like that $14M year-end cash position you and I went back and forth over never did materialize for you. Inventory and receivables combined just barely add up to that figure. It's too bad, they could've used the money. All that Pokemon hype and sales for the year tick up a mere 12%, while gross margins fall by a like amount and net losses continue unabated. Even Dako's price target turned out to be way high.

On the plus side, at least they finally got rid of their long term debt (only four months after you declared it already gone).

But now this year their big thing is something called Bean Bag Bears? Doesn't look to me like GRIN will be seeing double digits this year. Oh well, it was fun anyway. Say, any idea who's going to market Dragonball Z in North America this year?
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