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

To: Tokyo VD who wrote (81)	8/3/1998 6:31:00 PM
From: CMS27	Read Replies (1) \| Respond to of 278

>>What do mean when you say<< I didn't check your math nor look closely at the numbers you pointed out. I just took your statement as being correct, in other words, I took your word for it. I guess your second question could just as well be, do you put any faith in analysts and their estimates. While they are certainly a good guide I don't believe that because the company missed the analysts estimates that all is lost. The fact is it could have been anything that caused such an error. Maybe even poor guidance by the company. For such a rapid growth rate, and .46 compared to .08 is rapid, it is probably more difficult to accurately make earnings forecasts. My concern is will the growth continue. I'm comfortable in my opinion that it will, I don't think the fact they missed by .02 cents says it's slowing, it just says the estimate was wrong. But even if there was some snafu this quarter, NASCAR is growing and so is Actions consumer base. I'm not trying to argue with you, but I don't see a 4% miss in estimating an 83% earnings growth as very doomy or gloomy. Besides my real question is why are there so many shares short? It couldn't be over this, could it? Scott