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To: marginmike who wrote (66609)	2/18/2003 12:05:23 PM
From: reaper	Read Replies (1) \| Respond to of 209892

i am long Outback; have been for years. i buy when it's below $25. as i've said before, i am not the arbiter of American tastes; if people wanna wait 90 minutes to eat there that's fine by me. i don't know why they do it, just that they do. cash flow at Outback is immense, the capital returns on the restaurants are the best in the business, and the management team by all indications is superior. CAKE for me has always been one of those "too good a business to short; too expensive a stock to long" stocks. at $20 i will consider it, and Changs as well. i should have bought CAKE back in 1999, but back then i really wasn't sufficiently convinced that they could really open 150 (or more) of those things. now i am. Cheers