BJ's Restaurants Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BJ's Restaurants Inc.

BJRI 36.18

-0.2%

Nov 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JustMy2Cents who wrote (216)	7/30/1998 11:16:00 AM
From: Wowzer	Read Replies (1) of 865

CHGO posted outstanding results, but the conference call it self was disappointing since it didn't appear any analysts were on the call. At least they didn't ask any questions. Too bad considering CHGO reports their best quarter ever with strong cash flow, same store sales increases and improving efficiencies. Maybe everyone was still a sleep. My notes of items not discussed in press release: All expense categories (with the exception of labor) improved when compared to sales. Labor higher due to minimum wage. CHGO has increased prices on selected items on May 30 to try and offset this. Cash flow at converted NW locations has improved to 11% of sales compared to 6% last qtr. Avg. BJ's in Southern CA is 20%. Improving but still a ways to go. Woodland Hills location is in escrow and expected to open later this year. 11,000 s.f. facility holding 400 customers inside and 60 outside. Valencia - work out some parking problems pushed back opening to mid 1999. 7,000 s.f facility holding 200 customers inside and 30 outside. Another location is currently being looked at, no other details were given If Woodland Hills and Valencia come anywhere close to Brea and Boulder were going to be making some serious money in the very near future. For example Brea cost 1.8 million to build and now produces about 1.2 million in cash flow. Boulder cost 1.2 million and produces about 400K in cash flow. Looks like minimal conversion going forward of the remaining 7 NW Pietro stores. Some already produce strong cash flow. Other may just need the poker machines and some updating. Going forward management is concentrating on the large brewery pizza format that has been so successful at Brea and Boulder. Management foresees continued improvement in earnings, revenues and cash flow. The cash balance and current cash flow appear sufficient to fund current expansion plans. However, some debt financing may be required. Didn't state how much. The 7 Pietro stores produce about $1.5 million in sales and are holding their own. (my comments) This stock is ridiculously cheap at 1 11/16. Lets just say management stopped all growth initiatives and concentrated on only the stores they have. And these stores continued to produce the same cash flow on a annual basis. That's .48 cents a share. Would you pay $1.69 and to get back $.48 per year?!? This company isn't some new start up business with an unproven product. Their pizza has been around since at least 1988 and has been very successful. Lots and lots of repeat customers. Rory

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next