Rock Bottom Restaurants (BREW) Message Board

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Non-Tech : Rock Bottom Restaurants (BREW)

BREW 16.51

0.0%

Sep 30 4:00 PM EDT

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To: Gerald A. Lucker who wrote (25)	6/19/1997 11:55:00 PM
From: Steven Yang	of 77

Jerry, Thanks for the info. It is good to know that BREW is comfortable with 2Q expectations. I feel that they should be doing OK for Q3 and Q4 as well. BREW will open 2 restaurants in each of these two quarters, thus it will pay less pre-opening costs in these two quarters compared with 96Q3 and 96Q4. This will help BREW to meet the street expectations for these two quarters. As a matter of fact, if BREW can maintain the cost and per restaurant sale at the 97Q1 level, the reduction in pre-opening cost could help it to beat the estimates. On the other hand, I do feel concerned about the downgrade from Needham & Co. Needham changes the rating from strong buy to hold. This is a HUGE change of opinion. Does the fellow see something we don't? Hope someone could access the report soon. Steven

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