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


To: mod who wrote (2676)2/18/1998 12:40:00 AM
From: j rector  Read Replies (2) | Respond to of 7111
 
Great Post Dennis!!

I would like to know one other parameter:
Price to Book. The one concern I have for
RADAF is that its price/book is rich. There are
richer ones in technology,etc where you expect
to have a steady stream of future earnings, but for
Toy companies, as Gary posted, RADAF's price book is
about in the middle. If RADAF can convince the market
that Bass Fishing is not a flash in the pan and that
RADAF is not a one-product company, I think price/book
can be thrown out the window for the next year or so.

Based on what Skipard's spies have said, and what conventioneers
have said, the new products are hot. Dale Eanhardt winning the
Daytona was icing on the cake. Skip, what was the reaction down
in Fla??



To: mod who wrote (2676)2/18/1998 8:34:00 AM
From: rogermci®  Read Replies (2) | Respond to of 7111
 
Keep in mind gang, that Radica's $1.36 in earnings is basically untaxed. If they were a fully taxed U.S. based company, earnings would be somewhere around $1 a share. This partially accounts for Radica's PE discount to the market.

Roger



To: mod who wrote (2676)2/18/1998 11:19:00 AM
From: Zirdu  Respond to of 7111
 
Dennis, interesting analysis. I also recall a post some days back that quoted another analyst discussing the HAS Tiger merger, which stated that the deal would be flat for HAS, in the next year, neither adding earnings per share, nor being dilutive to earnings. Since HAS has a current PE of 35, I took this to mean that Tiger had a PE of 35 also, at the 400 million buyout price. If so, RADAF is considerably cheaper than Tiger on a PE basis.

RR