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Strategies & Market Trends : BOSTON MARKET (BOST) OVERVALUED AND UNORTHODOX ACCOUNTING!

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To: Candle stick who wrote (35)12/15/1997 3:58:00 PM
From: Steven Dopp   of 53
 
Candle stick,

I just read your initial post on BOST and found it very instightful. What is your read on APPB, since I just recommended it to my stock club, and they (we) just bought 100 shares.

We thought it looked healthy with a P/E at or below their historical growth rate, relatively low debt, and good prospects for future store expansion.

We thought about buying OSSI instead but APPBs P/E was lower. APPB's debt/equity ratio was significantly lower than OSSIs. Also, we liked the fact that APPB can vary its menu as needed whereas a steakhouse is a steakhouse....
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