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To: Redhead who wrote (488)	1/6/1998 8:32:00 PM
From: Feraldo	Respond to of 1488

I would assume from here it would be up. Can't tell for sure, till it's over with, but I would say, espescially if they are profitable, that they will fly.

To: Redhead who wrote (488)	1/6/1998 9:29:00 PM
From: Instock	Read Replies (1) \| Respond to of 1488

Redhead: < FRND > Info I found from Dow Jones News. Looks Good! 4:00 =Friendly Ice Cream Up 17% On Apparent Upside Correction NEW YORK (Dow Jones)--Shares of Friendly Ice Cream Corp. (FRND) surged 16.7% Tuesday as investors apparently capitalized on what one analyst called an upside correction. Steven Richter of Tucker Anthony Inc. said the stock suffered last year from tax-loss selling. It hit a post-offering low of 11 on Dec. 29. Friendly went public at 18 on Nov. 14, reaching a high of 18 1/4 that day. The stock took a hit in mid-December, from which it hadn't rebounded, when NationsBanc Montgomery Securities Inc., the lead underwriter of its initial public offering, released estimates of Friendly's losses for the fourth quarter and year. "It's snapping back to more appropriate value, and it has more upside potential over the next six to 12 months," Richter said, citing the company's store remodeling program. The shares recently were up 2 to 14 on Nasdaq volume of 201,500, compared with a daily average of 212,800. A spokesman from the company wasn't immediately available to comment, but Friendly's has released no news recently. -By Victor Ozols; 201-938-5394 (END) DOW JONES NEWS 01-06-98 02:00 PM ALSO from a few weeks ago: INSIDER BUYING!! FEDERAL FILINGS 12/17 Insiders Buy FRIENDLY ICE CREAM CORP. Stock FORM 4 ISSUER: FRIENDLY ICE CREAM CORP. SYMBOL: FRND FILER: MCDONALD PAUL J TITLE: Vice President PURCHASED: 11/14/97 200 18.00 OWNERSHIP: 41,796 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ISSUER: FRIENDLY ICE CREAM CORP. SYMBOL: FRND FILER: SINSIGALLI GERALD E TITLE: Divisional Officer PURCHASED: 11/14/97 500 18.00 OWNERSHIP: 40,526 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (END) FEDERAL FILINGS-DOW JONES NEWS 12-17-97 05:22