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Strategies & Market Trends : Value Investing

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To: sjemmeri who wrote (13169)	10/3/2001 3:37:41 PM
From: Paul Senior	Read Replies (1) of 78525

Steven J Emmerich: Yes, (sigh) CAKE a wonderful long term investment. Sorry I am that I got scared out of it a couple of years ago. Never did make any money on CAKE. Humongous lines waiting for tables, but bottom line profits weren't there to analysts expectation, and stock dropped. They had to spend money to open restaurants and update/increase their cake mfg. facility (I knew that), and they could have - if they wanted to -increase prices just a bit to drop $ to bottom line (or so I figured), but I just did not have nerve to hold on to this high p/e company. My error.

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