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Non-Tech : BJ's Restaurants Inc.
BJRI 34.88+0.5%1:22 PM EST

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To: Robert T. Quasius who wrote (582)8/12/1999 12:42:00 AM
From: Lhn5  Read Replies (1) of 865
 
Reposted from Venuja at Yahoo:

<<It is a very exciting time for the brave who have been loyal bj's investors over the years .We went from change in 96 to pietros in 97 to new concept rollout and ebtda positive in 98
to a clear direction and net profit realization 99. We have very positive earnings to look fotward to in all the quarters in the horizon .It will be nice to have a PE ratio of 20 to 30 times earnings at the end of 99 net earnings will be in the .15 to .20
range with 2000 in the .45 to .65 range .It is interesting if you do the math even after warrant delution the stock based on current and past growth still should place the price at around 5.00 range in the comming mid term even without a market maker.
We take our hats off to the management and praise them for the hard work and du diligence . The comming years will be exciting
and We look forward to opening more fantastic restaraunts wich perform where others have failed and who will make inroads to success in newly developed areas.>>

1) I agree with the assessment of .15 to .20 for earnings 1999.

2) I am not able to project 2000 earnings, but would love to see the math that projected .45 -.60

3) The number of warrants still outstanding are not known as management had a plan to repurchase more of them. If the warrants are ever exercised the cash raised becomes an asset and (temporary) dilution (pending reinvestment in more and more restaurants or aquisitions) is negated by all that cash.

4) I have heard that the newest location at La Mesa is in the same area of a Claim Jumper and a 'Trophy's' Sports Bar as well as others, so that will add to good visibility of the restaurant. I don't know which restaurant is closed/closing to mnake room for us.

5) These are indeed exciting times for shareholders who can see what lies around the bend.
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