To: DanZ who wrote (4339 ) 5/8/2003 1:04:21 AM From: StockDung Respond to of 5582 "research analyst Dave Lavigne reiterated his STRONG BUY rating on JAKKS Pacific, Inc. and increased his earnings estimates for FY98 and FY99." EBI Securities Corporation Reiterates STRONG BUY Rating on JAKKS Pacific, Inc. Author/s: Issue: Oct 29, 1998 DENVER, Oct. 29 /PRNewswire/ -- EBI Securities Corporation research analyst Dave Lavigne reiterated his STRONG BUY rating on JAKKS Pacific, Inc. and increased his earnings estimates for FY98 and FY99. JAKKS Pacific, Inc. is a Malibu, California based toy company. The company develops, markets and distributes a variety of toys and electronics products. The company's principal products include specialty dolls and related accessories, toys featuring recognized entertainment properties and characters licensed by the company from third parties and electronics products designed for children. As Lavigne suggested might happen in his last update on 7-28-98, JAKK's reported numbers for the September quarter which exceeded his estimates for both revenues and EPS. In this regard, the company reported revenues of $34.2 million versus his estimate of $28.3 million and EPS of $0.45 versus Lavigne's estimate of $0.34. Lavigne adds that the $0.45 was also a full $0.05 per share above the consensus estimate. With the earnings surprise for the September quarter, Lavigne has raised his estimate for FY98 from $0.74 to $0.84, while leaving his December 1998 quarterly estimate unchanged at $0.20. In addition, he has raised his estimate for FY99 from $1.17 to $1.21, driven primarily by higher revenue projections than previously estimated. While logically, this should probably lead to a price target higher than his previously stated $17.00, Lavigne is going to maintain the target based on the fact that the current environment has lowered the P/E bar across the board. However, he adds, that this target is based on a P/E, which represents a 50%+ discount to the company's estimated growth rate. Information and statements contained herein, other than historical information, should be considered forward looking, which involve risk and uncertainties. EBI Securities Corporation, its officers, directors and affiliates may maintain positions in the securities referenced which may change at any time without notice. EBI is a market maker in the common stock of JAKK. EBI acted as managing underwriter of a public offering of JAKK's common stock and warrants in 5/96. The securities referenced are speculative in nature and may not be suitable for your investment objective. Additional information is available upon request. COPYRIGHT 1998 PR Newswire Association, Inc. COPYRIGHT 2000 Gale Group