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Non-Tech : Schlotzsky's Inc (hybrid between McDonald and Subway)

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To: LarryS who wrote (36)8/17/1997 1:27:00 AM
From: Michael Burry   of 63
 
Visited yet another Schlotzsky's in a
new city and talked with the manager.
I inquired as to how business was doing --
he said great. I mentioned my status
as a stockholder. He said that from
behind the register, he can say,
"you've got a good investment there."
He too is following the stock and
I take it he is a stockholder as well.
It's hard to find a reason not to like
this stock. Although I hardly ever
hold a stock with a PE>30, this will
be an exception. Expecting a choppy
but sustained long-term rally.

Good Investing,
Mike
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