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Revision History For: AMF Bowling

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Why would anyone buy a bowling stock???? AMF bowling just might be the next "Peter Lynch Consolidation Play". In addition to making bowling equipment, AMF Bowling (PIN on NYSE, which was recently spun off as an IPO in November '97, owns over 400 bowling alleys in the US and overseas. They are introducing new concepts (black light fluorescent pins), upscaling the food and pro shop offerings, and building new complexes in New York City and Chicago. They are acquiring bowling alleys cheaply in a sleepy industry, so growth is primarily through purchase. They are also beginning an expansion into golf driving ranges, and have retained Michael Jordan to advertise these.