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Non-Tech : EINSTEIN/NOAH BAGEL (ENBX)

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To: sandman who wrote (107)12/15/1997 8:37:00 AM
From: paul goldstein  Read Replies (2) of 148
 
averaging down in this case is a smart move.
smart money buys at the bottom.
this stock is at the bottom and is heading up, over time.
buying the franchisers was a smart move, over time..
their losers has nothing to do with reality.
remmember, they paid off interest, paid off portions of the
loans, paid themselves salaries,etc,then they had a loss for
uncle sam. wonder why?<grin>
so, the company does not lose money buying the stores.
it gets the value of the stores.
yes, its december and some sell for tax losss.
if you are a day trader..different conversation
if you are an investor looking at a bargain then this is
one of many available.
i od not own this one
i bought bost their friends instead..
i watch this one for clues about bost as they are related..
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