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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (26798)	5/9/2007 10:38:29 PM
From: Madharry	Read Replies (1) of 78525

I wouldnt bet the farm on it, definitely not in my top 10 list, but I hope at these levels patience will be rewarded. there were certainly lots of questions at the conference call. I will probably check the website tomorrow to see if the annual meeting is taped too. The new mgmt guy I think has correctly identified the problems facing the company and I think the deal with churchill downs makes a lot of sense. I thought it was a very savvy comment that they are taking a hard look at their food and beverage operations with the idea that having a name franchise in there would fill up more up of their tables. Clearly the company will have to show investors that they are serious about turning things around by selling assets paying off debt and increasing margins. But Its not like they have enormous competition. They just have to execute.

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