KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Stephanie M who wrote (164)	10/12/1997 12:58:00 AM
From: wfrazee	of 876

Stephanie - The Hollywood restraunt is doing well and is making a profit. The Vegas restraunt - traffic was slow; however there are two large casino's being built nearby and that should help. The company is taking action to get more visibility on the restraunt there. Management has been struggeling to deal with a lot of debt left it by ex-management and it looks like they are thru the worst of that. They temp closed Alanta because of low traffic and high start-up costs. At first, it was supposed to re-open in the spring, then summer, then fall. It has finally re-opened indicating to me they waited until the financial situation with the company went from grave to much better. They are having discussions about franchising the concept to others rather than incur the expensive start-up costs of more company owned restraunts or more joint ventures. I think this concept will work in the long term. I only see upside from here however don't expect much unless you are willing to hold for the long term or trade on short term fluctuations.

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