Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (8674)	10/16/1998 9:59:00 AM
From: Gator	Read Replies (1) of 25711

I posted a buy suggestion on BBQZY yesterday at 2 7/8. Now 3 1/8 with bids stacking up and block buying at 10,000 shares a pop. Selling at 1/2 book value, with a PE of around 4. Sales per share is $32. Company is rapidly expanding U.S. stores (Barbeque's Galore). Originated in Austrailia. Stock dipped because of worries over declining Austrailian dollar, which has rebounded nicely since lows in July/August. Expansion in U.S. smoothes out seasonality in BBQ business (when it's summer in U.S., it's winter in Austrailia, and vice versa). Gator

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