Sunglass Hut RAYS- Will it ever breakout? Message Board

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Non-Tech : Sunglass Hut RAYS- Will it ever breakout?

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To: marc chatman who wrote (739)	1/8/1998 11:12:00 AM
From: Steven Angelil	Read Replies (1) of 971

OT Marc, if you want to join me on a stock of the future, that could be another rays(before it was a has-been), take a little look at LTUS. They own Sweet Tomatoes salad bar buffet restaurants. They just opened up here in South FLorida, and let me tell you, they are great. There is only 51 of them in the country and they have these 2 huge 55 ft. salad bars when you walk in-you load up your plate with all kinds of salad fixins that are as fresh as you can get. Then you pay around $6.10 for the salad and all the other items you want, + your drink(with free refills on sodas and teas). Then you try to find a tabel(I have been 3 times and they are always packed), then you go get some soups(5 kinds), get some pasta dish(made fresh), then get some fresh baked muffins(awesome), and breads. Then after you eat all that, you go to the fruit bar and then to the frozen yogurt machine with all the fixins on top. It really is an unbelieveable place, everything is so fresh and good. I started doing research on it(reading over their just released 10-K on freedgar.com), and it turns out they developed their own computer software that the managers use to control costs to the penny. They are growing their earnings 20%+ per year and their revenues even more. They are supposed to open 11 restaurants this year. They have a book value of about $8 bucks and the stock price is 14 5/8 asked right now. I got in about a week ago at 14 1/2. Beware there is miniscule volume and the market cap is only $70M and their sales are around $90M. To me I bought that stock to put away for years. It should do very well. What do you think?? Steve

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