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Non-Tech : Roadhouse Grill (GRLL)
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To: lizard lick who wrote (63)9/9/1998 10:08:00 PM
From: JCS  Read Replies (1) of 72
 
I do expect good appreciation from GRLL, but then I've got a lot of horses that have been pushed back into the gate after a false start. I've averaged down too many that have then dropped further so that they are now in the sub ten PE territory with no earning estimate reductions yet. Of course, if there is a recession, they will probably go lower yet. So I'm sitting on some cash and waiting to see the market move up and then try to pick something that is moving up independent of the overall market move. It would be nice if that were GRLL because, as you say, it's positioned for a major % gain. Let's hope that there is no recession and that people still feel that a meal at the Grill is a good idea.
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