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Non-Tech : Applebee's Neighborhood Grill & Bar (APPB)
APPB 0.000200+100.0%Mar 6 3:00 PM EST

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To: David Chase who wrote (1)11/18/1997 9:55:00 AM
From: Holger Johannsen  Read Replies (1) of 71
 
David,
at least one person seems to be interested in this stock on SI ;-)
It gradually moved lower and lower and there seems to be no interest from the Street. There are not many brokers who cover the company but those who are seem to have a good opinion about it.

The latest figures where a bit disappointing compared to the estimates, but APPB stated they expect a growth rate of 20% and that does IMO not justify this depressed stock price.

The comparable sales figures were on the low side and the Rio Bravo Cantinas don't seem to be a success yet. I wonder why because these ethnic restaurants seem to me a great growth oppotunity.

I also hope they do expand internationally because the concept is a universal one.
As you probably noticed I live in Germany and we do have one restaurant here as well. Never been there and thus don't know if it's a success but judging from other US restaurants (Planet Hollywood, Hard Rock Cafe, Schlotzky's, Pizza Hut etc.) I feel confident that APPB could become a player in the German and/or European market. Perhaps they evaluate the success and move more slowly into those markets.

Anyway, hope we both have success with our investment.

Holger
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