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Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?


To: Marshall Teitelbaum who wrote (3750)1/7/1998 9:37:00 PM
From: Tony C.  Respond to of 4704
 
RAIN has been the stock that I've made the most money on in the past and I expect it to do well in the future. I recently sold in the low 30's for asset allocation reasons (not the best reason, I know). Today's announcements were certainly disappointing, but I am buying 200 shares tomorrow and I'm glad to be back into this great company and great stock.



To: Marshall Teitelbaum who wrote (3750)1/7/1998 9:47:00 PM
From: Mel Boreham  Respond to of 4704
 
Hi Marshall... we all need a good foreskin joke right about NOW! Its been a tuff day!! Anyway, I happened to mention that my Rainforest Cafe burnt to the ground over on the IOM thread and was then asked if I thought the split would be postponed by E.Graphs... so here is my response reposed here:

To: E. Graphs (42755 )
From: Mel Boreham Wednesday, Jan 7 1998 9:19PM EST
Reply # of 42780

Wildly Off Topic***Hi E... Yes they really slamed the heck out of it today... and for a measly penny difference in analysts projections. But there are a few other more sinister uncertainties lying in the shadows. They are supposed to split 3 or 2 on the 15th. I am not sure what the board of directors will decide. I guess they could postpone it, but doubt they will do that. Then there are the debt instruments (debentures) that they want to sell in order to have enough cash to expand into many new venues around the US and the world. We have also always had a few shadowy figures that have taken their toll from time to time. Mr. Lyle Berman is heavily connected to the gaming industry (Indian Res stuff) and then there was Mr. Martin O'dowd who mysteriously left on an unexplained "leave of absence" last year, before finally leaving the company to go to work for the Canadian company that just happens to underwrite RAIN developments across the northern border. Then there was the TOWV debacle, with Mr. Stupak and his Stratosphere Tower in Vegas! It went bankrupt and is still causing a few tremors in that part of the world. Mr. Berman's good ol' boy network has had quite a few "colorful" character is its lineup. It's a very interesting story... in fact it may be written into a best selling business book someday. By that time Rainforest Cafe should be doing quite well on its own. It is an excellent concept and each and every one of their stores has waits of up to two hours or more just trying into the place to get seated. The food is quite good, and of course there are always problems trying to expand too quickly. Training is everything! RAIN has invested a great deal of money in making their new restaurants, up to 12 million per site! So, if for some reason there is a problem in the mall where they are to open in, not actually opening on time... then there goes the cash flow and you have negative numbers until its finally online. There has been recently been such problems in Pallisaides mall in NY, Adventura Mall in north Miami and also with the new MGM store in Las Vegas. Once all are operating well, things should even out an the money should come rolling in. Esp. from the new RAIN in the new Disney theme park in Orlando, Animal World, where the Rainforest Cafe will certainly be in just the right environment, and it will not only be the biggest store to date, but it will be the only "sit down" rest. in the entire park! So revenue flows should turn positive quite quickly.

But now I've gone on way too long so will just sit here hoping that the market comes to realize the true value of this high producer growth company. My Best to you for the New Year... Mel



To: Marshall Teitelbaum who wrote (3750)1/7/1998 10:14:00 PM
From: Dennis Vail  Read Replies (4) | Respond to of 4704
 
Jupe and all,

Here's a replay number for a conference call RAIN held today:

402-220-4015

It should be available through Friday.

Forget lawsuits. I think the way to approach this is to try to get someone that represents the shareholders on the board. Lots of folks at the RAIN chat last night seemed to feel the same way. Steve (Woyanne) from MF RAIN is leading the charge and I for one am 100% behind him.

Shareprice droppped alot more than I thought it would. I'd say it's a bargain except for my distrust of management. I'd think like Dan that naming a topnotch COO/Pres would send the price to the mid to upper 20s but until some flattening in same store sales at Woodfield, Sawgrass and Tyson's occurs we're stuck in the twenties at best.

I hope RAIN has now gotten ALL the bad news out and are no longer trying to Spindoctor. As in "the three oldest units were down 11% in same store sales". Turns out MOA was actually up 3% in same store sales which means Woodfield and Gurnee are in the teens at least. Why not just say exactly how much they are down and get it out of the way. Tomorrow's the last chance to get all the bad news out on the table so we can begin to move forward again. RAIN's being punished for its lack of credibility not for fundamental weakness. My reading of the fundamentals still has RAIN around $28.

At any rate getting members on the board that are not Berman stooges is the best way we shareholders can work to improve the value of our company. Once again (as I've said for the few days, weeks, months ) in case I somehow still haven't made myself clear, I think RAIN has a CREDIBILITY problem not a FUNDAMENTAL one. Anyway anybody thats interested in working to get some shareholder representation on the RAIN board please email me.

Unfortunately I've been very busy with other matters today but I'll try to get back to you later tonight after I put the little girl to bed and listen to the conference call.

Regards to all,
Dennis