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Non-Tech : Radica Games (RADA)

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To: Wayne who wrote (3168)3/2/1998 5:02:00 PM
From: R F Phillips  Read Replies (2) of 7111
 
Agree with your analysis of the conference call.
Your $3-4/sh for the year ending 10/31/98 is right on.
In the conference call management indicated that other
companies in their business had a PE of 15-18, and that
it seemed that RADAF deserves something on that order.
Your estimate with their PE target gives a price/sh.
of $45-$72/sh.
I am sticking with my forecast that RADAF will see a
high of $75/sh during calendar year 1998.
phil
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