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Non-Tech : Radica Games (RADA)
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To: Wayne who wrote (2585)2/13/1998 1:36:00 PM
From: rogermci®  Read Replies (2) of 7111
 
And my take too,,,,,

OK so based on all known information let's lower our collective expectations. We have a stock with no analyst coverage and no big institutional following that will primarily be driven by earnings events. I'm going to apply a multiple of 10 to the stock reflecting lowered expectations. I think we're all pretty much in agreement that Radica earns $2.50 for fiscal 98. I think we can all agree that a 10 multiple is reasonable. Therefore, we arrive at a December price target of $25 a share. Stock now trades at $15. So a realistic return on investment is 67% over the next 9 months.

I've played this game a long time and for my money, this makes sense. Final thought...Nine trading days until earnings driven event. I know I might have oversimplified the situation, but that's the way my mind works. Anybody have a problem with my analysis?

Roger
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