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Pastimes : Ask Mohan about the Market

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To: Tommaso who wrote (12188)12/23/1997 10:45:00 AM
From: Cynic 2005  Read Replies (3) of 18056
 
APPLEBEES INTERNATIONAL INC. (APPB) 23 3/4 CLOSEDDeveloper and operator of casual dining restaurants is warning this morning that 4Q earnings will come in below Wall Street expectations, and below year-ago net, excluding a charge. According to Applebees, it sees its 4Q net between $0.30 and $0.32 a share, below the First Call estimate of $0.38 a share, and below year-ago net of $0.34 a share, excluding a five cent charge.... Source: Briefing.com

In finding creative ways to blame the problem on Asia, I would like to add:

The company attributed the shortfall to loss of appetite, especially that of investors, due to the financial turmoil in Asia. The company believes that the loss of appetite is a temporary set-back and eventually investors get ravenous for Asian stocks and for the food they serve.

-ggg-

-Mohan
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