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Non-Tech : KIDE- Low Float, Nice Financials ??
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To: Street Walker who wrote (64)11/25/1998 2:40:00 AM
From: BulbaMan  Read Replies (3) of 227
 
The latest issue of Newsweek (11/23) has a piece on the enormous and growing popularity of wrestling. Here's a quote from the article: "As Jesse (The Mind) Ventura got ready to rumble in the Minnesota statehouse last Monday, 7 million households tuned in to the WWF or its archrival, Ted Turner's World Championship Wrestling - including as many young males as watched the World Series. Sales of tickets, pay-per-view events, T shirts, video games, action figures and the like top $1 billion a year." And, a photo caption associated with the article adds: "Licensed gear tops half a billion bucks."
With those kind of numbers, no wonder KIDE's CEO has predicted 1998 earnings would exceed $.70 per share, even with only a few weeks contribution from Pokemon. And, in 1999, when the revenues from Pokemon and Zelda start rolling in, my guess is he'll be talking Hulk Hogan-sized earnings for KIDE.
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