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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (1010)	2/23/1998 10:52:00 AM
From: BK	Respond to of 29382

Mike Hodge turned me on to this site, so I am new. I have been following TBRL since Oct and would like some other opinions. TBRL owns a chain of steakhouses with good repeat business and what looks to me like solid numbers. They have signed a merger agreement with GBFC which looks like GBFC is looking to unload some unprofitable JBs restaurants. TBRL currently trading under 6, but merger price at current GBFC rate is $6.70. I spoke to the CFO last week and he indicated the chances of this merger happening are 95%. He said everything should be finalized by April. They are getting ready to post year end numbers, and I expect them to meet or exceed expectations. Would appreciate any responses on this one.