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Non-Tech : RAINFOREST CAFE
RAIN 6.142-3.1%3:59 PM EST
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To: Ron Kline who wrote (3408)10/21/1997 8:53:00 PM
From: Dennis Vail  Read Replies (1) of 4704
 
Hi Ron,

Funny you should ask Bob Packman just emailed me this:

10/21/97 3:19 pm... RAINFOREST CAFE (RAIN 35-5/8) UP 1-7/8, POSTS $0.21 VS. $0.13 3Q EPS ON 78% REVENUE RISE... PAINEWEBBER UPGRADES TO BUY FROM ATTRACTIVE... Analyst Craig Bibb tells salesforce upgrades because shares have not kept pace with EPS gains... Says RAIN continued with on track EPS, beating his $0.18 EPS estimate... Raises EPS estimates due to 3Q results, positive response to new units on Long Island, downtown Chicago, . Raises $0.75 '97 EPS estimate to $0.76, $1.15 '98 EPS to $1.30... Raises $37 to $50 target, which represents 54% potential... Says risk remains very high with RAIN given just 9 domestic units, 3 licensed intl units./K.J.Wolfe

Regards,
Dennis
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