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Non-Tech : RAINFOREST CAFE
RAIN 3.360+0.9%Jan 16 9:30 AM EST
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To: John Carragher who wrote (191)7/19/1996 4:53:00 AM
From: Dennis Vail   of 4704
 
John,some great news you posted there,particularly about King of Prussia..That mall sounds like it was made to order for RAIN,like a giant-size Shaumburg.That makes another one it looks like we won't have to worry about.

I activated my prodigy to check out those articles and,boy,is prodigy slow.And I kept getting waylaid by technical difficulties at the site so I only read half of them.They seem to be a singularly ill-informed little group,beginning with that Abernathy character that wanted to short RAIN this past Monday.Hope he did.Serve him rightThen the other character that thought RAIN must have reported earnings Tuesday because the stock went up three bucks.Finally the August report date is the regular date in keeping with their fiscal year.The Disney opening was first scheduled for the "summer of 96" ,then for July22th (according to the operations manager) then backed off to August 5th.So the Disney opening was moved to coincide with the 2Q earnings report (probably by intention) rather than vice versa as they had it.My personal favorite was the guy that used an arcane book value theory to set RAIN a fair and just price of $14 a share.Its kind of nice to find that the critics of RAIN have not done their homework on the most basic of information.

Along with the media articles you mention,one of the prodigy guys mentioned that RAIN was in this weeks Time also.

So Morgan Stanleys covering now,thats welcome news.

Great posts,John.

Regards,
Dennis

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