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Non-Tech : Grand Casinos-GND

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To: Maverick who wrote (279)	1/14/1998 9:40:00 PM
From: Gary S. Friedman	Read Replies (1) of 380

Spoke to investor relations at GND..Still very comfortable with analyst's range of $.25-$.29,(I think higher) which should put earnings for the year in the $1.55-$1.60 range. Stock is still selling for p/e of 8.5 times earnings. Annual stockholders meeting to be held in Minn. around the 15th of May. The big question is will earnings be reported before feb options expire on 2/20. Tues. there were 333 feb 15 calls traded and today there were 140 traded. Option price is moving up. The Alan Woinski radio show on monday had Jason Ader from Bear Stearns as the guest. The big news for 1998 should be the upside growth on the Gulf Coast as per Jason. More to follow...ggg

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