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Non-Tech : RAINFOREST CAFE
RAIN 3.045-3.1%Jan 22 3:59 PM EST

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To: Dennis Vail who wrote (107)7/6/1996 2:38:00 PM
From: Jack L. Dlugach   of 4704
 
Hi Dennis: Well, at least CPX didn't go down yesterday along with the disaster in the rest of my portfolio. The trouble with stocks
right now: we got too spoiled last year when just about everything
went up and I think most people got a little complacent and forgot
that what goes up comes down. I think you made a good choice to put
IMAX along with RAIN in your holdings. RAIN's balance sheet is very
impressive: no long term debt at all. They seem to be financing all
their expansion with stock issues; I wonder how many shares will be
in the final tally? Still, even with the dilution, they made 50 cents
last fiscal year...not too shabby. IMAX would be a hard one for me
to buy; as I told you, when I last looked to buy it was at 7, so now
it's stuck in my mind as a 7 stock and it costs 35. And I don't know
if it's good to have too many leisure stocks in the same portfolio: I
have several tv, radio, movie, and entertainment stocks so maybe I'll
just hang on to those for now.
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