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Non-Tech : JAKKS Pacific (JAKK) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (235)	11/5/1999 11:14:00 AM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 371

Jake- Quite frankly, this is how stocks often react when they announce secondaries. I was surprised that the stock kept going up earlier this year when they announced it. I'm puzzled as to why JAKK is raising cash again. They don't need it for normal operations. They probably are planning another big acquisition a la Flying Colors. But I don't understand why they don't simply use stock. The market would react less violently in that case. I think investors are dumping because they disagree with the secondary offering. I am one of those who questions it, although I have no plans to sell. Another possible explanation is the crossing of the 50-day MA at ~$24.75 or so. That could be a short-term pivotal point. I think that JAKK should buy some public toy companies, first and foremost would be TMAX. But they wouldn't pay cash for them. So JAKK is probably going to acquire a private company, or maybe a big license. Todd