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Non-Tech : CKR:The Fastest Growing Restaurant

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To: The Perfect Hedge who wrote (46)2/20/1998 3:08:00 PM
From: Chuzzlewit   of 100
 
Glenn, you've got brains, just no patience! Stop trading and start investing. Screw the options! Hold for the long term and you'll be okay!

I just looked at the press release concerning Hardee's, and at this point I'm not concerned. CKE is a turnaround artist -- buy up restaurants that are struggling and turn them into cash cows. That may entail some short-term pain, but is a winning strategy long-term. Mgmt attributes the decrease to changes in the menu, but details are lacking. At this point it doesn't seem to be a problem.

Frankly, I'm more concerned with this notion of 10% stock dividends, because it seems to be aimed at fooling the investor, and that's a practice I definitely do not like!

Regards, and patience, my friend

Paul
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