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Pastimes : Ask Mohan about the Market
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To: Bonnie Bear who wrote (10646)12/10/1997 2:46:00 AM
From: S. maltophilia  Read Replies (1) of 18056
 
<<Boston chicken bottomed at half its book value, if someone bought the chain the
stock price would double>>

From the recent BEARX annual report:
sec.gov

PUT OPTIONS PURCHASED - 2.4%*
.....
300 Boston Chicken, Inc.
Expiration November 1997,
Exercise Price $15.00 ...... 43,125
SCHEDULE OF CALL OPTIONS WRITTEN
SEPTEMBER 30, 1997

CONTRACTS (100 SHARES PER CONTRACT) VALUE
- ----------------------------------- ----------
300 Boston Chicken, Inc.
Expiration November 1997,
Exercise Price $15.00 .....
Of course, this is two months old now, and I don't know if Tice still is a bear on chicken.
Boston Chicken's accounting has always been somewhat suspect, so perhaps even at these low prices it's not a real discount to book.
FWIW
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