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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Harvey who wrote (6790)	5/9/1999 8:37:00 PM
From: Billiam57	Read Replies (1) \| Respond to of 7111

Last year was a December thru February earnings period. This year they change their fiscal year and already had there 2 months earnings out in February. The latest earnings will be January thru March. Apples to oranges...let's see what the earnings announcement says.

To: Ron Harvey who wrote (6790)	5/10/1999 10:17:00 AM
From: Zirdu	Read Replies (1) \| Respond to of 7111

<< how can Radica still be viewed as a growth stock? >> I don't know about you, but I have not viewed RADA as a growth stock for some time. Any stock that trades at a trailing PE of under 5 cannot reasonably be considered as a growth stock. When the market put a PE of under 5 on RADA, I had to believe that earnings in the next 12 months would be considerably LESS than the past 12 months. At least that is what the market was saying. So I see RADA as a value stock, and have for some time. At least they are still earning money. And just because RADA, or any company, does not grow earnings year over year, does not mean it is not a good investment. Say RADA is able to earn $1.30 per year for the next 10 - 15 years, without any growth at all. That gives them a PE of 8.65, or an earning yield of 11.5%. This would enable them to buy back millions of shares, or pay a good dividend, all of which would give shareholders a return of around 11% or 12% per year. There is nothing wrong with that.