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Non-Tech : GRIN (Grand Toys International Inc) -- Ignore unavailable to you. Want to Upgrade?

To: Harpo who wrote (428)	11/8/1999 6:28:00 PM
From: Dako	Respond to of 495

To be fair, you should add back most of the interest expense to reported Q3 net earnings and tax-effect it before dividing by the higher number of shares to get a proper pro forma EPS figure. This would produce EPS of about 24-25 cents/share, which still makes your case. With the 3.1 million shares outstanding, there is not a chance this company will earn anywhere near enough prospectively to justify a price in the double digits, especially when you compare to the 14.5x multiple accorded Hasbro, an infinitely better company and Pokemon play. Of course, the big story in the earnings release is the fact that they have essentially missed the Christmas Pokemon play. Give management credit for that (what do they care--they've sold their stock). Of course, their limited license doesn't make them much of a Pokemon play in any event. Get the movie out on Wednesday and this pig will fall, and fall hard.

To: Harpo who wrote (428)	11/8/1999 9:13:00 PM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 495

BINGO,,it is these games that GRIM insiders play which will cause their stock to get crushed they amde out like bandits and ..then skew the numbers by using wieghted versus actual and fully diluted ..just accounting games ... they made 600K of which almostg nothing comes or will come fropm POKEMON candy and paper. 600K,, the true earnings i actually only 20 cents a share outstanding vs 27 My kids dont buy stationary and ..I try to limit their intake of candy this thingh goes back to a single digit GRIN<--is doomed