Dave & Busters (DAB) Message Board

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Non-Tech : Dave & Busters (DAB)

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To: Charles W. Breaux, Jr. who wrote (224)	12/10/1999 4:39:00 PM
From: A.L. Reagan	Read Replies (1) of 278

Financing gap? Each new complex runs around $10MM to open (capital plus start-up). They have $20MM left in borrowing capacity on the $100MM revolver, plus barely enough cash to run the place day-to-day. So, either I'm missing around $20MM in financing (I guess they are hoping for cash flow from ops - mainly depreciation add-back), or these guys are seriously hallucinating if they think they can get new funding at reasonable cost to open even four complexes next year. (Clearly seven was total dreaming.) Stock looks like a helluva buy at half book value (not many of those around these days), but will inept financial planning by C&C turn DAB into Dave & Busted?

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