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Non-Tech : Lone Star Steakhouse (STAR)

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To: Big Sky who wrote (105)1/3/1998 9:54:00 PM
From: Shane M  Read Replies (1) of 175
 
I agree wrt the same store sales declines. If I recall same store sales declined around 6% over prior year levels. Thing is, however, that net margins are incredibly strong at over 13%. Very few restaurants can produce these kinds of profits. In addition they have no debt.

I'm not currently invested, but am watching this story unfold with keen interest. On the positive side, the current 6% drop in same store sales provides an easier baseline for future pct increases.

Shane
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