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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Eric DuVall who wrote (104)	3/25/1998 6:27:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 865

A very cogent write-up, which I agree with. I agree about retail sales of beer, but an interesting twist would be in-store sales of their microbrewed beer, bottled, for later consumption. Then CHGO could keep their margins and cut out the middleman. I am looking forward to the earnings release Friday. Based upon the last few news releases about boosted same store sales, etc., I am very confident. I recently bought more shares, and today I bought a small position with the warrants, symbol CHGOW. I expect to see CHGO hit $4 by the end of 1998, $5-1/2 by the end of 1999, and $7 by the end of 2000. The earnings estimate I have seen for FY98 is for $0.22, which yields a current P/E of less than 10. The warrants have an exercise price of $5.50 and expire 4/8/2002. We should have no problem exceeding $5.50 before then, so I think the warrants are an excellent investment. Current prices for the warrants are bid - $0-5/32, ask $0-3/16 (one warrant for 100 shares would cost $18.75 at the ask). Either way, this company is a great investment.

To: Eric DuVall who wrote (104)	3/25/1998 11:27:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 865

Eric, thanks for your help. However, I disagree about the other restauratns. I have been to the West LA location as well as La Jolla. The restaurants are sparkling clean, appropriately designed, comfortable, and very geared to either family dining, or the college, young adult crowd after the dinner hour. The service is exceptional, esp. in the west LA location. But it is definitely casual informal. If yuo check their website they have links to a map for each store to shjow you directions. Head north or south and try one out!! www.bjsbrewhouse.com.