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Revision History For: SIZL Undervalued (new 152 restaurant partnership)

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It looks like the IPO speculation is over on SIZL. Steakhouse Partners, Inc. (SIZL) is now at a very attractive price of only 5 3/16. The Price/Book is at $12.30.

Steakhouse Partners, Inc. owns and operates 152 full-service steakhouse restaurants, operating under the names Mountain Jack's, Hungry Hunter, Hunter Steakhouse and Paragon Steakhouse. For the 36 weeks ended 9/7/99, revenues totalled $115.7M, up from $841K. Net loss totalled $4.7M, up from $1.2M. Revenues reflect the 12/98 acquisition of Paragon. Higher loss reflects increased administrative and consultant expenses.

Anyone interested?