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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: Pink Minion who wrote (7929)6/25/2001 6:00:09 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 19428
 
Talk about timing! "DJ 2001-06-25 17:38 TAMPA, Fla. (Dow Jones)--Outback Steakhouse Inc. (OSI) warned that its second
quarter earnings will fall short of analysts consensus estimates of 52 cents a
share, which the company says fail to factor in lower-than-expected same-store
sales growth and higher costs.
The company earned 41 cents a share in the year-ago quarter.
In a press release Monday, the restaurant company said its ingredient costs
have risen on unusually high dairy costs and by the effect of using domestic
pork ribs in the place of less expensive imported product.
The company expects these items to add 60-70 basis points to cost of goods
sold for the quarter ending June 30.
As reported, the company's May same-store sales rose 1.1% for its domestic
Outback Steakhouses and 8.1% for the company's Carrabba's Italian Grills.
In April, domestic Outback Steakhouse same-store sales rose 0.7%, while
Carrabba's Italian Grill same-store sales rose 7.3%.
Outback Steakhouse operates 698 Outback Steakhouses, 86 Carrabba's Italian
Grills, seven Fleming's Prime Steakhouse and Wine Bars, seven Roy's, two
Zazaracs and one Lee Roy Selmon's.
The company's New York Stock Exchange-listed stock was unavailable for late
trading. It closed at $29.95, down 41 cents, or 1.4%.
Company Web site: outback.com
-Cressida Connolly; Dow Jones Newswires; 201-938-5400



To: Pink Minion who wrote (7929)6/25/2001 6:51:23 PM
From: mmmary  Read Replies (1) | Respond to of 19428
 
What is date of this article?

july 2, 2001 or 2000? Is it from last year? Just asking.



To: Pink Minion who wrote (7929)6/25/2001 9:55:09 PM
From: rupers  Read Replies (3) | Respond to of 19428
 
Why would Worthington short HDI? At least it has a P/E. So many high-priced pos out there without and never will have a P/E.



To: Pink Minion who wrote (7929)6/26/2001 3:59:52 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 19428
 
BIGT (aka Pinnacle) is a BIG custoemr of MCOM which is circling the drain (see layoffs etc): "Meanwhile, some stocks roam the market like the living dead. Shares of Pinnacle Holdings, operator of towers for cell-phone and
pager networks, look like they've still got life at $4.80, down from $80 in March, 2000. But Worthington says they're worse than dead
money. The company needs to buy or build more towers but is heavily indebted. Raising new money is impractical because of a
pending accounting investigation, which the company acknowledges in public filings. Ethan Schwartz, principal at CRT Capital Group,
says the stock might be worth only $1.75 after subtracting its debt from an optimistic assessment of its assets. More likely, if there were
a reorganization, the shares would be worth essentially nothing, he says. But you don't have to rely on his word. The debt market has
reached the same conclusion: Pinnacle's convertible notes trade around 47 cents on the dollar.