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Non-Tech : Radica Games (RADA)

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To: j rector who wrote (2811)2/23/1998 4:52:00 PM
From: Wayne  Read Replies (1) of 7111
 
I don't know j,
I am going keep a more simpleminded view at this point. Not to say I won't be paying attention to opinions but we've pounded the tar out of this and sooner or later one has to be in or out. I hate to see the same conversation get going as we had in mid Jan. Keep in mind that the last time we went through this issue of shorts, the price was 12's and 13's. If the big surprise that they new was Has/Tiger, that only bought it down to the 15 mark for a short time and then back up to $17. My guess is that there will be a reality check come next Monday.

Last Q1 Revenue was $12.67 million vs. $9.05 million the year before. This was up 40%. For every million net we get about $0.05 eps as a quick number. Does Radica seem to be doing 40% better this year then last year? Look where 97s growth went starting with Q1's 40% rev growth. A quick calc. of 12.67 million times 140% times 52% GM (lower to compensate for oper. ex. and other items) divided by 20.7 million common shares is about $0.45 eps, again. Short it for all you are worth FAHN. Until I see a fund. change that makes a big difference, I could care less.

I'm not going to anguish over FAHN or anything else at this point. Bets on the table and I like my cards.
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