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Non-Tech : Radica Games (RADA)
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To: Wayne who wrote (3070)3/1/1998 11:32:00 PM
From: j rector  Read Replies (2) of 7111
 
A couple of thoughts on the new release:

1) RADAF must be very confident in share price appreciation
to buy back shares at $15. If company is this confident, so
am I. I am somewhat suprised by the number of shares repurchased.
I didnt think it would be this many. (expected about 300K).

2) Margins were 55%--exactly as Wayne predicted.

3) Workers & Margins accurately predicted earnings to within
a few %. I'll use this in the future.

4) BIG BIG BIG: With .43 this Q and 2 weeks of CNY (as opposed
to 0 last 1Q), I think we can safely guess that Q2 will be at least
$.55. I don't think we can do less than $3.50 in '98, and I think
it will be closer to $3.90.

Lets see: $3.90 x 15 PE current gives $57/share price as of Dec '98.
Even if we have 11 PE, we have $43.
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