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Microcap & Penny Stocks : Eat At Joe's (BB:JOES)

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To: Ice Cube who wrote (53)6/13/1998 1:05:00 PM
From: GC  Read Replies (1) of 343
 
Is This Overpriced or What?????

I am not an investor of JOES but I do own restauant stocks and I did go to Cherry Hill mall to check this company out. That unit is in the food court and has one of the worst locations there. It's all the way in the back and was dead, except for what appeared to be the manager and maybe the officers that are selling you this story(they were joking around and not customers). This stock is hyped and is not worth the money it's going for IMO. They have 2 restaurants which will probably both close eventually due to lack of success(well maybe the airport will make it since it's a captive audience) and yet this company sells for more than 20 million because of their great plans!! What gives?? If the units open showed tremondous success, then maybe it would be justified. I looked at their web site and all I saw was fluff.... Nothing personal, I just wanted to make you investors beware that this seems way overvalued and a sure way to lose money unless you play it smart and sell when it moves up on what sure seems to be hype to me.....
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