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Non-Tech : EINSTEIN/NOAH BAGEL (ENBX)
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To: SeanS who wrote (1)6/24/1997 12:44:00 PM
From: John Howell   of 148
 
Sean,

Both BOST and ENBX have problems that go far beyond "short term" status. Both of these entities were set up almost like Ponzi schemes. The companies could finance further growth as long as the stock price was going up (at which point, all of the insiders sold their inflated paper). Now that the bubble has burst they both face a long road to recovery. I think both could see Chapter 11 within a couple of years.
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