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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (880)	11/18/2005 6:37:05 AM
From: Glenn Petersen	Respond to of 7254

Depending on their own completion. I have a felling GRLL will trade at a deep discount from the offer due to the risk involved. I just took a look at Steakhouse's 10-Q for the quarter ending September 27 and I don't think that Steakhouse will be able to finance this deal. Their balance sheet is a mess. The company went into a Chapter 11 in early 2002 and emerged in 2003. They are still operating under a "going concern" opinion. I don't think that Restaurant Acquisition Partners would be interested in these companies. They are probably looking for a fresher concept. Steakhouse's 10-Q for the quarter ending September 27: sec.gov