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Non-Tech : KKRO Koo Koo Roo -- Ignore unavailable to you. Want to Upgrade?

To: Fred Ayres who wrote (252)	11/14/1997 10:13:00 PM
From: Michael Berkowitz	Respond to of 479

just a recap.... not the full report.. Friday November 14, 8:41 am Eastern Time Koo Koo Roo sees lower Q4 overhead ratio LOS ANGELES, Nov 14 (Reuters) - Koo Koo Roo Inc said Friday that it expects to reduce corporate overhead as a precentage of revenue, while generating break-even or positive cash flow from operations in the fourth qaurter. ''As a result of the steps we took towards the end of the third quarter, we expect that corporate overhead will be reduced to approximately 12.8 percent of revenues in the fourth quarter of this year, as compared to 21.1 percent of revenues last year,'' said Ken Berg, chairman and chief executive officer, in a press release. ''With a broader revenue base and reduced corporate overhead expenses, we are hopeful that, barring unforeseen circumstances, we will generate a breakeven to positive cash flow from operations in the fourth quarter of 1997,'' he said. Koo Koo Roo reported a third quarter loss of $8.9 million, or $0.42 a share with a $5 million charge, compared with a loss of $2.5 million, or $0.19 a share. The company also said that it continues to investigate strategies that may lead to the recapitalization, sale, spin-off or other restructuring of its interest in Color Me Mine. It said it is engaged in substantive discussions regarding one such transaction, although no agreement has been reached to date.

To: Fred Ayres who wrote (252)	11/15/1997 12:02:00 PM
From: Jim P	Read Replies (1) \| Respond to of 479

Hi Fred, I didn't sell for any particular reason. Its just one of those stocks that did not perform the way I thought it would. I didn't make any money on it, actually lost a bit. I heard about a possible take over after I had sold it and was told selling was not wise. Also told info. may become available on this take- over, if true, within the next couple of weeks. Judging from what I have read here a takeover does make some sense. I doubt those of us in this forum are the only ones who recognize KKRO has a good product (but can not understand the performance of the companies shares). Chances are someone else has taken notice. Only time will tell. Jim P