Checkers drive in restaraunts Message Board

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Non-Tech : Checkers drive in restaraunts

CHKR 0.470

0.0%

2:22 PM EST

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To: T. L. who wrote ()	10/14/1996 3:03:00 PM
From: Michael Burry	of 109

Well, the Checkers near my home has disappeared, and few people went to it even when it was here. I remember the stock's heydey about 4 years ago, and am mildly surprised at its fall, but I didn't invest in it then because I never saw anyone at the restaurant. Also, I am wary of all restaurant stocks because of the dynamics restaurant stock seem to follow once public. Expand, Expand, Expand. Oops, profits slipping. Cut costs. Cut more costs. Cut too many costs. Oops, customers don't like us anymore. Close underperforming restaurants. Stock falls as charges are taken and debt is accumulated. I'd also be highly suspicious of a restaurant trying to reinvent itself financially without reinventing itself on the menu. Michael Burry

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