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Non-Tech : Kona Grill Restaurants
KONA 0.0395+71.7%Jan 21 3:00 PM EDT

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To: Labrador who wrote (36)2/2/2006 10:19:23 AM
From: Tom Caruthers  Read Replies (1) of 62
 
The one issue with KONA that I would have liked to see when I initially bought into the stock was the issue of a more seasoned CEO. Now here's our chance to do just that. I think someone's head had to roll for recent mis-steps, and to me this is a positive.

Apparently the lockup for KONA shares from insiders ends on 2/13. This will no doubt drive KONA lower. I have to say, I wish I didn't own so much because it would make averaging down easier (and cheaper). I think averaging down is the right move, but unfortunately will tie up a lot of my capital.

KONA, if it goes too low, would be a great takeover target for a PF Changs or an Outback. It's got a great concept, appealing to the right demographic at a good price point.

Tom
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