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Non-Tech : Landry's Seafood (LDRY)

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To: Steve Felix who wrote (8)8/27/1997 9:11:00 PM
From: sargent   of 81
 
Anyone still out there?

I am new to this SI service and have followed this stock closely for almost a year.

Great management, great niche, great growth, great food,and a sector that is recovering (check out the IBD industry rankings - this sector is making steady headway).

Joe's Crab Shack is a great concept. Landry's faces little competition (compared to the rest of the restaurant industry) in their niche.

Don't play technical analysis guru on this one. Buy it and hold it for the next 3 years. It will continue to grow and prosper.

Not a bad buyout candidate either if Fertitta & Company would be willing to sell. Lots of larger restaurant chains would die for Landry's growth rate, their lack of debt, their book value at 2 times current price, and their niche. Lots of goodwill also in the Landry and JCS name.

Let me know your thoughts.
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