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


To: Frank McVerry who wrote (19)11/15/1998 10:31:00 PM
From: OTC JOE  Read Replies (1) | Respond to of 495
 
Frank, The upside is tremendous. I hope this price stays here
for a while so I can get some more money to buy more shares. The
PE on GRIN is microscopic, especially with Furbys earning coming. I still can not believe no one is on this stock yet. Its amazing
people are paying a minimium of $76 and up to $300 on ebay for Furby a month ago I never heard of Furby. If this is not the toy of the year I can not imagine what would beat it. Cabbage Patch was huge and it did not do anything. Elmo was huge and just made a little noise and vibrated. Furby can interact, I am no toy expert but I personally
think this is the best doll toy I have ever seen. Do you know if
they plan any commercials, of course it does not need any but
word of mouth will get this going, just wondering.



To: Frank McVerry who wrote (19)11/15/1998 10:39:00 PM
From: Frank McVerry  Respond to of 495
 
Another example demonstrating the undervaluation of GRIN.

OK, so fast-forward a year from now and GRIN has done their usual
$0.80 - $1.00 earnings per share on their toy/sports lines plus
an extra $1.50 from Furby - what will they do with that windfall ?

Let's see... well they could buy back the public float on the stock
and leave me as the only public stockholder. Great !! ... but wait
a minute that buyback only cost $900000 ($3 times the 300k float)
- they still have $1.5 million left over. ($1.50 Furby eps is
$2.4 million). Well, I guess they'll just have to pay the public
owner a dividend of $1.5 million !!!

Another clear example why this stock is so undervalued.

"SMALL-CAP STOCKS ARE STILL THE RODNEY
DANGERFIELDS OF THE MARKET AND GRIN IS
THE RODNEY DANGERFIELD OF THE SMALL CAPS"

FRANK MCVERRY 1998