What a coincidence! I've got a proxy bid in on a Grundig radio that may be very closely related to yours if not the same. It also says Stereo, but it appears to only have the one speaker up front. However, I noticed two grills on the sides, but I'm not sure if they're actually speakers, but merely vents. Also, this one had the 88-108 range - it has to be the same one.
The one I saw was in perfect working order and sounded great. Fingers crossed that I get it for my bid - $50