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


To: A.F. who wrote (271)12/5/1997 4:22:00 PM
From: Gary M. Reed  Read Replies (2) | Respond to of 479
 
Hey guys, I wouldn't get too bummed out about the price action. I follow (and unfortunately own) several small- and microcaps and they're all getting the crap kicked out of them. Even the ones with decent fundamentals and earnings. I would suspect a bunch of this is portfolio cleaning and tax loss selling. Give it another couple of weeks and the stock should act a lot better once all of the selling has been cleansed out.



To: A.F. who wrote (271)12/6/1997 4:39:00 PM
From: Ted Levy  Read Replies (1) | Respond to of 479
 
I agree with the positive outlook on KKRO. The food and service are great, the places are packed, store expansion continues, and management seems to be waking up to the need for focusing its business and controlling costs.

I just picked up 1000 shares for 3 1/8 on Friday... we're now in the neighborhood of book value and sales-per-share... with all the downward pressure that pessimism has created, it's a classic value situation...

Ted