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Non-Tech : Radica Games (RADA)
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To: chaz who wrote (5986)9/8/1998 7:40:00 PM
From: Zirdu  Read Replies (1) of 7111
 
Things said in the conference call that might have emboldened the shorts and bears on Radica:

1. Radica has not been approached by MAT or HAS or any other company for a buyout or business combination. Of course the one thing a short would naturally fear is a takeover of a stock he is short. That is apparently not in the cards at this time, and I think this fact would have been a big relief to the shorts.

2. Sales growth in the fishing category has slowed to the point that there is no longer any growth in the fishing category, it is just maintaining it's level of sales. I think the shorts and bears believe that soon the fishing category will start to decline in revenue, thereby putting a crimp on Radica profitability. Feeley said in CC that he has been repeatedly asked how fishing will do in FY 1999, and he says he doesn't know.
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