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Non-Tech : Boston Market (BOSTQ)

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To: Michael Bradley who wrote (1018)	3/13/1998 3:13:00 PM
From: IN_GOD_I_TRUST	Read Replies (1) of 1567

I'm not sure someone wants to take a chance with them until they get ownership of most of the stores again. IMHO I always felt that the bullet they bit taking over the stores could have been some type of positioning for getting taken over. (After the store buyback, they will have tangible assets to be taken over rather than just basically fee income.) Don't you think a large chain considering takeover of a BOST rather have BOST with all stores company owned rather than franchise owners owning the stores? OK, this puts more debt into the BOST deal someone would have to pick up, but control is what I think the issue was. I feel most big guys did not want to get involved with BOST because of the FAD concept. It was messy! Even the franchise owners were unhappy. And look at how the street perceived them! But this is just my opinion. I think long-term a buy-out will be a definite possibility. But not now...it's just to messy to get involved with now, although someone looking for a good deal might be attracted by the low share price of BOST. I would say buyout, later rather than sooner! This is just my own opinion ... Steve

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