SXB,
Lots of questions, but no really great answers. The key is that they fundamentally continue to be quite strong. Issues to keep in mind other than general market conditions are what new openings are to happen, and will the expected ones happen in a timely manner(the biggie is the next disney opening for april-may). They are not totally domestic though, given mexico and uk, with upcoming canada and branching into asia gradually. There are many ways to guess what could happen, as their retail could start to get big as the name catches on, and they could also get more people going in to theme type restaurants if they aren't as willing to spend on weekend vacations, etc. However, they could also have a drop if people decide to stop spending on superfluous things such as going out to dinner and tee-shirts(is this possible, Dennis???). The multiple means little right now, but continued openings and increasing growth do. I would continue to follow the market closely along with RAIN's situation, as things like announcement during this year could affect my stance on them...ie openings, a coo, etc.
How's that for an answer which doesn't really give an answer...guess decisions have to be what allow you to sleep well, especially in such a volatile market.
Take care,
Marshall |
