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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: Gary105 who wrote (1800)1/13/1998 5:30:00 PM
From: Gurupup  Read Replies (2) | Respond to of 7111
 
As Tarzan once said to Jane,"it's a jungle out there."

The sellers have no relation to the company, the buyers, and there are buyers for every seller, feel the price is ridiculous.

I spoke to the company, and they are as confused as we are. They feel, as I do, it is the Asian Flu, and the erroneous idea, that once XMAS is over so are toy stocks.

If RADAF was all Bass Fishing, and didn't have 15 new games coming into the pipeline, the selling might make some sense, but in this case, the results are going to speak for themselves. Where did everyone's confidence go? What has changed? Only the price, and that is what creates opportunity. NASCAR will be in 2nd qtr, and the newer VMS games will be in 3rd and 4th qtr, so we are going to see one hell of a revenue increase, and record earnings.

I am not making light of the price decline, but if I didn't have an idea as to what the company was doing I would be scared as hell, but after the Hong Kong Show, and the CES, and everyone that I have talked to that was there said it looks awfully good. It has been my experience, that if one is right on his fundamentals, and the world does not officially end, you will wind up making money, maybe later than you thought, but sometimes more than you thought.

Things really are OK.