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Non-Tech : Action Performance....ACTN -- Ignore unavailable to you. Want to Upgrade?


To: CMon who wrote (197)6/23/1999 12:00:00 PM
From: Stoctrash  Read Replies (1) | Respond to of 278
 
CMon,...you are correct.
I may be early & but I've already placed my bets.



To: CMon who wrote (197)6/23/1999 12:04:00 PM
From: CMS27  Respond to of 278
 
This news is definately not good news for ACTN stock. But it may not be indicative of how ACTN will report.

ACTN for the most part sells higher priced collecibles trackside and at specialty stores. Compare that with Racing Champions who sell the majority of thier products for a lot less money in places like Wallmart. ACTN has Chase apparell, the website and new trackside open air malls this year which they didn't have last year.

I think RACN got caught in a situation where the gold series sold very well last year but they had nothing this year to contiue the growth so the comparison killed them. I'm holding ACTN for now and I hope the sympathy damage isn't too great. Because I think the ACTN story is much different that the RACN story and earnings should be close to or beat the numbers.