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Non-Tech : Action Performance....ACTN -- Ignore unavailable to you. Want to Upgrade?

To: Tokyo VD who wrote (79)	8/3/1998 2:58:00 PM
From: CMS27	Read Replies (1) \| Respond to of 278

Well for the sake of argument I'll take your word for it. So we're lookin at .46 compared to .08. I don't see how a company growing that fast warrants such a massive short position. Not with 86 million in cash on hand. This is a viable and growing company. Just because the p/e is a little ahead of itself. Something that is pretty run of the mill these days. And in comparison to a lot of stocks this p/e is pretty reasonable. I just can't see the shorts argument, but there certainly must be one. On a speculative note. I have heard rumors of ACTN getting more involved in F1 diecasts. This represents a huge market. F1 racing is second only to soccer in world popularity. Perhaps they'll use the 18 mill. cash for an aquisition of an F1 diecast maker in Europe. In any case racing continues to grow in popularity. I'm comfortable with this stock over the long term. Just is curious how the market has reacted to thier earnings performance. Scott