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

To: katmando who wrote (175)	4/25/1999 2:22:00 AM
From: Frank McVerry	Read Replies (1) \| Respond to of 495

More comments on the Q1 estimate kat, The earnings could well be 10c or higher. I think my estimate is on the conservative side and of course, any estimate is VERY sensitive to small changes in expenses. For example, my assumption that SG&A will remain in lock-step with increased sales is conservative - the likelihood is that this percentage would be lower for a 50% sales increase. Even a one point reduction in SG&A from 26.85% to 25.85% would take my estimate up to the 10c range. Interesting to note that they have been steadily reducing the SG&A percentage since 1996. Anyway, bottom line is we should be back to some positive earnings. So, with the new Star Wars material, continuing Furby sales (plus beanies and babies coming later), future high-margin Ark sales, the improving CAN$ pushing up toward 7 month highs and the e-commerce possibilities etc, the picture looks good. Frank