Radica Games (RADA) Message Board

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Non-Tech : Radica Games (RADA)

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To: jerald morse who wrote (6143)	10/3/1998 2:44:00 AM
From: Quad Sevens	Read Replies (2) of 7111

<<Do you guys realize Hasbro just bought Galoob Toys for cheap. The price paid was approx. 65% off its alltime high. Doesn't help with our valuation for Radica much. >> Galoob's all time price high is irrelevant. What matters is the shape the co. was in at the time of acquisition. It was in terrible shape. Galoob was bleeding money. Revenues were going down. Yet Hasbro paid a 70% premium to Galoob's then current price (12 vs. 7) RADAF is at about 12. A 70% premium would be a price of 20 or so. Yet RADAF is extremely profitable. So you'd have to tack on quite a bit to that, even taking into account taxes. Wade

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