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

To: Mike C2 who wrote (2679)	2/18/1998 3:52:00 AM
From: chaz	Respond to of 7111

MikeC2...Dani...and All: I've just toured my local Wal-Mart again and found some changes. There is now an entire end unit filled with nothing but Radica Blackjack and Poker pegs, about 75% full, all priced at 4.98...and not a speck of dust on any of them. The wall of Tiger stuff has almost completely disappeared...the toys are still there, but totally scattered...and gang, they ARE dusty. The fishing games are still in mostly one place, but there's now a bunch of pegs on BOTH sides of the asile, no dust. Sad however, that's not true of the Sub and Tanks which were dusty, and in good supply. No discounts on any of the Radica games, but many of the Tiger games were marked down, hadn't seen that in prior visits. Dennis' Post is incredible....wonderfully informative effort. I made a stab earlier this evening at projecting a year-from-now price, but it's pure guesswork, blending quarterly percentages from last year with some other ASSUMPTIONS, but giving no p/e growth...and came to $3.25 x (call it) 14 p/e for a share price of $45.5. I know...."Albert, show your work"...and if I could figure out a way to do so succinctly, I would. I based it on a $.35 Q1, but I do suspect better than that, and I also suspect p/e expansion as well, so I feel conservative at $45.5. My "whisper" number is pushing $70. If anybody else wants to take a stab at this, or tell me why I'm nuts, I'll shut up and listen. Oh yes, my favorite brand of grass is chemically enhanced, but I don't inhale. Chaz.