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Microcap & Penny Stocks : SILVER DINER (SLVR) Under $5.00 not for long..............
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To: Howard C. who wrote (93)5/7/1999 11:19:00 AM
From: Leo J. Bourne  Read Replies (1) of 126
 
Not much new.

Growth is limited by capital. Mall stores would reduce startup costs, if that concept is successful. When the stock dipped below $1 for a while, I presume the big money stepped in to get the price up above $1 long enough to avoid de-listing. That will likely happen again, so in my view if one can get the stock at 75 cents it will probably be a money maker. However, from the last financials I saw a number of months ago, not much will change until they have about five more restaurants open. That will take till late 2000 at the current rate, if not later. The customer base of existing restaurants doesn't matter much, because the profits are still being eaten up, so to speak, by the overhead. The only solution is more restaurants. Increased profits at existing restaurants are not enough IMHO to change the picture. The only things that works is more restaurants, and that takes more capital. I am still long on SLVR and may buy more, but this is a long term investment. I think it will become profitable in 2001, and then the stock should start moving. Disclaimer: don't believe me, because if I knew what I was talking about I would be rich and retired, which I'm not. Do your own research and make your own investment decisions.
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