To: Anthony@Pacific who wrote (54256 ) 4/6/2000 5:30:00 PM From: Jon Khymn Read Replies (3) | Respond to of 122087
>>They open a store at the rate of 1 a year and they have 1 mill in cash left pre-ipo<< They plan to open 20 stores this year and 20 more stores every year. (There are huge demand for KREM franchise, I'm guessing they will open more than 20/year) out of 60 mil. KREM will use about 30 mil to pay off loans. The management is very consevative, which is good. With less interest expenses, EPS will be better next year. (roughly 30 mil. x 10% = 3 mil. bottom line profit increase) >>they may open a few dozen over thye next few years but they wont be the big beneficieries<< They will benefit... All those new "high tech" donut machines will be made by KREM. Plus franchiese fees and profit from supplies. Also the new stores that owned by KREM seem to be doing exceptionally well. Tony, I think you are an excellent short seller. That's why I joined your private site past few months... If it wasn't for the high monthly fee, I would have continued to subscribe.... Having said that, just because you shorted a stock, you shouldn't call it a "crap". I have no KREM position but I can tell you this, KREM is not a Krap or skam. I went to KREM thread last night and read all the posts, and I was very disappointed to see few of you just screaming over there... If you have a big short position, I think you should at lesat visit one of the stores near you. With your Porsche or Ferrari, it should take only one hour <g> 1801 W. IMPERIAL HIGHWAY LA HABRA 562-690-2650 330 CITY DR. SOUTH ORANGE 714-769-4330 It's OK to admit "I made a mistake" and move on. It takes a big man to admit... peace dude... With respect, Web