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

To: Wowzer who wrote (117)	3/27/1998 5:54:00 PM
From: Robert T. Quasius	Read Replies (2) \| Respond to of 865

I agree that this is an excellent quarter. I am especially happy about the change in cash flow from a deficit to a surplus, as well as the cash on hand. As 1998 develops, I see this cash flow being pumped into the remaining conversions, and acquisitions of more properties. From a strategic standpoint, CHGO seems to have a good business plan. Lastly, projection of earnings per share in the teens for 1998 should boost the stock. Earnings of just $0.10 yields a P/E of 20, and the way that the earnings are growing a P/E of over 20 is justified. I would expect to see FY99 earnings in the $0.25 range, and a stock price of $4.50 - $5.00.