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

To: OTC JOE who wrote (18)	11/15/1998 10:03:00 PM
From: Frank McVerry	Read Replies (2) \| Respond to of 495

Joe, That $246000 bottom-line profit that you see for GRIN's Furby earnings in the coming quarter is about $0.16 per share - coincidentally, that's what EBAY expects to earn for the WHOLE of 1999 !!! (EBAY closed at $124 Friday - forward PE=775). So GRIN's earnings for one toy in one quarter equal EBAY's 1999 total earnings. ... ever felt you found a stock that can only have upside ! The float on GRIN is only 300k - that's only enough for a few dozen private investors and once it's gone the stock will become illiquid. The MM won't be able to make a sensible market because he won't have any shares and he can't force buys and sells because there are no call/put options on the stock. What happens then ? Funnily enough, the pre-Christmas Furby is a good example - what happens when the supply of Furbies cannot meet demand and the 'MM' (Hasbro) can't supply any more - what happens to the price of that item which is really only worth $20 ? ....well, we can dream can't we ! Frank