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Microcap & Penny Stocks : Eat At Joe's (BB:JOES)

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To: christopher who wrote (125)1/25/1999 11:44:00 AM
From: christopher  Read Replies (2) of 343
 
Here is a summary of Kon-Lin's stock pick for 1999, Eat at Joes (JOES)...

"Eat at Joes OTBB 1 1/16- This exciting, innovative, merging 1950's style restaurant chain, with eight
units in operation, has completed its first full year as a public company, achieving profitability in the Q4.
JOES is on target for a doubling of units through new store openings while on an aggressive strategic
acquisition program. For FY '99 revenues should leap to $10 million earning .11 per share, NOT
COUNTING the recent letter of intent signed to purchase a 16 unit chain, adding and additional $10
million in revenue with combined EPS of .20. The stock has come off the October bottom base on a
strong historical volume surge, giving a buy signal and remaining in a strong uptrend with higher
average daily volume, indicating a first objective of 4-5 (JOES will then file for a listing on the NASDAQ).
The theme restaurant market has proven to be the most pupular and fastest growing segment of the
$300 billion US restaurant industry. JOES, capitalizing on the 50s nostalgic craze is a buying
opportunity for investors to reap dramatic returns going into the next millenium. Ultimate target 8-9."

konlin.com
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