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Non-Tech : CKR:The Fastest Growing Restaurant
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To: The Perfect Hedge who wrote ()10/16/1998 8:46:00 PM
From: kendall harmon  Read Replies (1) of 100
 
There were positive comments during the day today from Piper Jaffray:

"We remain convinced that a turnaround in fundamental operating profitability at Hardee's is well underway, the Company is taking the tough medicine now, and more positive sales increases will follow. Our earnings estimate increase contemplates further fundamental operating improvement and less interest expense as the improved cash flow nature of this Company has allowed it to reduce debt while investing in the business. We believe that there are tremendous earnings upside if the Company continues to improve sales trends, and thus the profitability at Hardee's."

They reiterated a strong buy with a price target of $25.

This stock is oversold and a bargain at current levels.
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