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Non-Tech : Dave & Busters (DAB)

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To: Glenn Petersen who wrote (241)8/25/2000 4:45:44 PM
From: Mark   of 278
 
Glenn, You may be right about the EBITDA multiple, but most restaurants aren't growing as quickly as DAB. I think it deserves a multiple of around 4x. (In fact it deserves a PSR of >1 - is currently at about 0.35). A lot will depend on whether the market believes that DAB is putting its house in order, and whether we can get net profits back above 7% (and preserve 20% growth). If so, we are looking at a possible triple in stock price over the next few quarters (5 or 6 Qs?).

FWIW - More of my thoughts are on Yahoo! at -
messages.yahoo.com

Mark
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