Racing Champions Corp. (RACN, RACNW) Message Board

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Non-Tech : Racing Champions Corp. (RACN, RACNW)

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To: scott_jiminez who started this subject	2/20/2002 7:53:13 PM
From: scott_jiminez	of 9

4th qtr earnings of $0.32 vs. $0.19 est (50%+ surprise). biz.yahoo.com The Company (and some major shareholders) will sell shares to reduce debt, provide capital, etc. biz.yahoo.com The company expects a strong FY2002 - and the increase in expected earnings take into account the increase in shares outstanding. Prior to today's numbers, Yahoo showed a price/sales of 1.19, a PEG of 1.25, and a PE = 22. The earnings report will bring all of these down considerably. Thus, in spite of the incredible run by RACN, the stock displays a very modest valuation. The evidence suggests that extrapolating RACN's Sept.->Feb. performance to the rest of 2002 may be quite an accurate prognostication.

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