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Non-Tech : Lone Star Steakhouse (STAR)
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To: investz who wrote (54)8/14/1997 1:16:00 PM
From: Rick Shaum, Jr.   of 175
 
I agree that it's just the last of the sellers getting out of Dodge. It tested the low of 17 again yesterday but held and today has moved back up. I didn't think it would test the low again or I would have waited to get in.

But compared to the competitors, this is a "growth company at a value price" which is what I look for. If you read Peter Lynch's column in the September issue of Worth, he predicts a move toward smaller cap stocks trading at reasonable P/E's. STAR is one of the names mentioned in his column as an example.

So I think we're in good company and just need to be patient. Only if it closes below 17 will I look at my position again and re-evaluate.
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