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Microcap & Penny Stocks : Modano's Tavern on the Green

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To: jerryf who wrote (12)	4/19/1998 4:43:00 PM
From: Zeev Hed	Read Replies (1) of 154

Jerry, I am not worried about the devaluation per se, I am worried about declining traffic to the region in general because of slower economic activity. I am also worried by the fact that some Japanese corporate executives have received marching orders to fly coach and forgo business class, an indication of economic tightness. After all it is just a retail outfit, well positioned, yet growth will depend from now on increase traffic since they have already all the stores they need at those airports. A PE of 15 might not be that cheap and does not leave much upward potential. Zeev

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