Rogermci -
Just thought I'ld throw my 2 cents in for what it's worth. Re. the buyback - I'm hurting just like everyone else who got caught with a little too much margin, but that's not Radica's problem, and I'ld prefer the good folks at Radica concentrate on growing their biz - which is what they are good at - than worrying about me at this moment, and save their cash for some future real problem rather than the present perceived one. My guess is that we're looking at the consequence of a number of factors coming together, unfortunately, all at once. First, we had a vitrually uninterrupted year-long run, at the end of which a lot of people were ready to take profits. If you got in at a buck or two, even 13 or 14 ain't bad profit. People have been wondering who would sell at such prices. Well, I might, especially if I thought Asia was going to be a booger for the next several months, and could see a significant rally in domestic stocks just around the corner that I didn't want to miss. There's a lot of talk about an 8600 dow by summer. On top of that, we're still stuck in the post-xmas slump. This may be a bangup year for Radica, but whatever your projections, we're at the low end of it. And finally, and probably most importantly, there is the aforementioned Asian boogey-man. It's a shame that folks can't distinguish between companies that derive significant portions of their income from Asia and those who only happen to have a factory there, but that's life. Maybe Radica should consider moving the company HQ, leaving the facotry where it is. Anyway, I sold about 20% of my Radaf at 14 1/2. The computer kicked in again today at 13 1/2 for another 20%. Hated to do it - was like parting with an old friend - but that's life, too. Come hell or high water, I'll keep the remaining 60% as a base to build on in the near future.
Incidentally, I just took a trip to the local Target here in Omaha. Radica's new display is twice what it was pre-xmas, and dwarfs Tiger's. I wasn't sure I'ld ever see that. I used to salivate at the prospect of owing Tiger stock, were it available. Not any more. Skippard is right, this company holds a lot more promise as we speak than at almost any time in the past. I think that at some point we'll get back on track, regardless of Asia. Whatever problem Asia is, as far as I can tell it isn't a problem for Radica and that will become obvious through earnings. Time is our friend. Just the way I see it. Don't know if this makes sense to anyone or not. Feel free to skewer me.
larry |
