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Non-Tech : Cracker Barrel(CBRL)
CBRL 25.31-2.5%Dec 29 3:59 PM EST

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To: Jerry Gogol who wrote (48)11/23/1998 9:52:00 AM
From: Barnhart  Read Replies (1) of 76
 
CBRL, in the past, has turned in incredible growth performances and now that growth is slowing. This is why the stock is so low. They have a solid product, but I don't the growth returning to what it was in the near future. Without the growth, this stock is going to continue to have a low PE. CBRL is maturing and the market is reflecting that. I don't see this stock above 30 for all of 1999 unless they get back to 20% growth as they have in the past.

Brian
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