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Non-Tech : Cable Car Beverage (DRNK)

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To: Andrew who wrote ()1/7/1997 3:13:00 AM
From: Steve Patterson   of 284
 
Their fundamentals look sound; I like their soda, especially the ginger beer; and given that Stewart's is not a "fad" item I don't think their recent growth will somehow die back. I think the stock will bounce around just above $2 for a while (until earnings), and am buying at this price.

Seems hard to get in, bid and ask are in 500-share lots and volume is low, so this isn't a day trader's play, which I like. It seems funny to think of such a tiny stock as a long-term growth play but I'm starting to think it might be true. Last year's big gain is not unjustified given earnings growth announcement.

It's getting very hard to find solid stocks that aren't already outrageously valued.

Steve
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