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Non-Tech : GRIN (Grand Toys International Inc) -- Ignore unavailable to you. Want to Upgrade?


To: EL KABONG!!! who wrote (1)11/10/1998 3:54:00 AM
From: Frank McVerry  Read Replies (2) | Respond to of 495
 
Kerry.

Thanks for your response - I was worried I would be the only person
on my thread. I try to follow the Peter Lynch school of investing and will respond to your points in that light.

* Apparent lack of interest in the stock - I entirely agree with you
and believe this is the main problem with the low stock price - nobody
knows about it !

* Insider selling - Here I go with Peter Lynch ie insider selling is a
neutral event and insider buying is positive. If you look at Microsoft
or Cisco Systems you'll see plenty of insider selling but it doesn't
reflect on the stock's value (I hear Gates has just applied again to
sell a ton of his stock).

* Look at ToysRUs etc - Again I go with Lynch....if you find a good
product out at the mall, don't just go out and buy the company on
that basis if it's a big one like GE. In that light, Hasbro are the
makers of FURBY but with a PE in the 50's and a$4-5B market cap, I
think the effect will be negligible. In the case of GRIN with a $3.5M
market cap and PE under 3 the story is a little different.

You should go out and try to buy a FURBY somewhere to see the value
of this new toy - it's impossible to buy ! I think it is shaping up
to be of cabbage patch and 'beanie baby' proportions. It is also
priced such that it will not just sell at Christmas but throughout
the year.

Enough for now.

Regards,

Frank



To: EL KABONG!!! who wrote (1)11/11/1998 2:13:00 AM
From: Frank McVerry  Respond to of 495
 
Kerry,

I omitted to respond to the options issue with the company
that you mentioned. Their year-end 97 report indicates they have
1.77M options and warrants with an average exercise price of $6.98.
Also, I talked to their VP, Ron Goldenberg, recently and he told me
the lowest priced of these is in the $4 to $5 range. So none of these
are even 'in the money' at the moment.

Frank



To: EL KABONG!!! who wrote (1)11/16/1998 6:15:00 PM
From: david james  Read Replies (1) | Respond to of 495
 
Might have been posted, but I didn't see it
biz.yahoo.com

Plush Toy Furby Hard To Find

By KATIE FAIRBANK
AP Business Writer

DALLAS (AP) -- This year's blockbuster toy is a plush toy that carries with it a plush cost for
parents unable to find Furby on retail shelves.

Some desperate shoppers are turning to classified ads and the Internet, where Furby dolls are going for as much as $200 -- more than six times its retail price of $30.

Furby is out of stock at many stores around the nation, and some retailers aren't even sure they will get any for the rest of the holiday shopping season. Manufacturer Tiger Electronics is flying in Furby dolls to the United States from China to get them to retailers faster.

''We have people calling and we don't even have any idea what (the dolls) look like,'' said Kent Sylvis, a worker at the Store of Knowledge in Dallas, which is waiting for its stock of Furby dolls to arrive.

Furby's reign as 1998's hot toy began in September when Wired magazine named it the must-have toy for the holidays. For its official launch on Oct. 2, Furby appeared on national morning television shows, and Tiger Electronics hosted a press event at FAO Schwarz that attracted
everyone from CNN to Entertainment Weekly magazine.

Almost immediately, Furby was flying off store shelves, with parents lining up for hours to get one of the 5-inch toys embedded with a
computer chip that allows it to speak its own ''furbish'' language.

''I got them early in the season, but I still had to wait hours on line to get them,'' said Shirley Ringstone of Manchester, Conn., who waited about four hours to buy two Furby dolls. ''I'm glad I don't have to do it again.''

But others aren't so lucky in tracking down Furbys, which look sort of like owls with tiny mohawks or tufts of hair between their huge pink
ears.

There have already been scenes reminiscent of the Tickle Me Elmo and Cabbage Patch doll crazes of years past, with shoppers lining up before dawn when they hear a shipment may arrive.

A women calling into a New York radio station on Thursday said she didn't believe Furby existed because she had yet to find one in a store.

''Furby is selling off the charts,'' said Michael Glazer, president and chief executive of K-B Toys. ''We haven't had in stock at all.''

''When we first sold it in Boston several weeks ago, we had 500, but there were 700 customers waiting for store to open,'' he said. ''That's just the way it's been.''

On the Internet, there has been more than 1,000 auctions for Furby on eBay, while Web sites for giant toy retailers like Wal-Mart promise that supply is on the way later this month.

''It's absolutely a runaway hit for its age category, which is kids 6 and up,'' said Chris Byrne, editor of Playthings MarketWatch, a New
York-based trade publication. ''And the adults are having a blast with it.''