Schlotzsky's Inc (hybrid between McDonald and Subway) Message Board

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Non-Tech : Schlotzsky's Inc (hybrid between McDonald and Subway)

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To: Homer who wrote (21)	7/26/1997 4:21:00 AM
From: Homer	of 63

Can anyone help me understand what I already know? "Funny name; serious sandwich"-Schlotzsky's This is a hometown based company with great potential. In business for 25 years and public for only a couple. It appears to be growing at a 40% yearly rate for the last two years, except 4Q'96 (only 26%). The company has no real debt (debt/equity of .10)and is consistantly growing revenue; but more importantly, their food is good, sandwiches are made to order on fresh baked sourdough buns, AND the stores are clean and usually crowded around lunch and in the evenings. The company also has a line of private lable products such as chips and salad dressing. Last quarter 1Q'97 revenues were up 54% over the prior year to 6.3 mil. It appears, from EDGAR, that as of 2-12-97, one shareholder owns 1.1 million of the 5.7 million shares that are outstanding (19.5%). The stock is not very liquid, I'll say! There were only about a half a dozen trades today, one accounted for 90% of the volume of 1.09k. The stock has had a good rise in the kast couple of months and recently set a new high of $14.75 and now has pulled back to $14. Poised for more good earnings? It is only thinly held by institutions. Is this because someone has such a large position in the stock? What is the inportance of one person (or a family trust in this case) owning so much stock? Maybe a founder, didn't think about that. Trading at a 13% discount P/E of 17.8 to the industry this company ought to fly! What am I missing? Bad sector right now? This chain is quite popolar, just opened their 600th restaurant (three are company owned). Shops in several conutries ..London..Germany. Good alternative, semi-healthy, fast food. I'm in on my gut feeling; but, in near the top. Help !

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