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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 29.35+0.6%Feb 2 3:59 PM EST
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To: EL KABONG!!! who wrote (1)11/10/1998 3:54:00 AM
From: Frank McVerry  Read Replies (2) of 495
 
Kerry.

Thanks for your response - I was worried I would be the only person
on my thread. I try to follow the Peter Lynch school of investing and will respond to your points in that light.

* Apparent lack of interest in the stock - I entirely agree with you
and believe this is the main problem with the low stock price - nobody
knows about it !

* Insider selling - Here I go with Peter Lynch ie insider selling is a
neutral event and insider buying is positive. If you look at Microsoft
or Cisco Systems you'll see plenty of insider selling but it doesn't
reflect on the stock's value (I hear Gates has just applied again to
sell a ton of his stock).

* Look at ToysRUs etc - Again I go with Lynch....if you find a good
product out at the mall, don't just go out and buy the company on
that basis if it's a big one like GE. In that light, Hasbro are the
makers of FURBY but with a PE in the 50's and a$4-5B market cap, I
think the effect will be negligible. In the case of GRIN with a $3.5M
market cap and PE under 3 the story is a little different.

You should go out and try to buy a FURBY somewhere to see the value
of this new toy - it's impossible to buy ! I think it is shaping up
to be of cabbage patch and 'beanie baby' proportions. It is also
priced such that it will not just sell at Christmas but throughout
the year.

Enough for now.

Regards,

Frank
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