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Non-Tech : Planet Hollywood (PHL)
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To: Praveen Johal who wrote (135)12/31/1997 4:11:00 PM
From: Don Dorsey  Read Replies (2) of 192
 
I've been to both Planet Hollywood and Rainforrest Cafe and enjoy them both. PHL is much more diversified than RAIN, but it seems reasonable that both should trade with similar pe's. Since RAIN has a pe over 50, and PHL has a pe of about 20, there might be a good spread opportunity buy buying PHL and selling RAIN. Just a valuation play, nothing against RAIN.
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