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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (19621)5/21/2000 3:41:00 PM
From: vc21  Read Replies (2) of 35685
 
Voltaire,

You want psychology? I've got psychology for you. KIDE - 4kids Entertainment (THE Pokemon stock) released earnings last week. They reported .71c vs .07c for the prior year. Current PE is under 10 with the company growing hundreds of percent a year. The short position is about 50% of shares outstanding because all these people think Pokemon is dead or about to die. Well, another movie is coming out July 21st. Last time a movie came out, stock ran to 93. Stock is now at 23 1/8 and Pokemon is far from dying. Two weeks ago, Topps said they were expecting Pokemon sales of 70-80 million for the year but they misjudged demand and now expect 70-80 million for first quarter. I think movie, short position, low pe and earnings growth all have makings of psychology that will make KIDE scream as the movie comes around. I just wanted to bring it to your attention. This is a market for story stocks and there is definitely one heck of a story here.

- Vic
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