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Non-Tech : Boston Market (BOSTQ) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce H. Becker who wrote (1061)4/1/1998 6:57:00 PM
From: PerryA  Read Replies (2) | Respond to of 1567
 
Hi all -- I bought in yesterday at the close thinking quarterly window dressing was pushing it down. I have not read the 10-K, but Zacks shows a $15.05 book value for BOST as of 12/97. At $5.00 per share that's 1/3 of book value. Even assuming a couple bucks per share in losses over the next year during the turnaround, it seems like a pretty big margin of safety (as long as they become profitable at some point).
Can anyone verify the book value per share? Thanks and comments appreciated.
Regards - PerryA



To: Bruce H. Becker who wrote (1061)4/1/1998 7:06:00 PM
From: Lindsey R. Spencer  Respond to of 1567
 
Okay folks, the bad news is finally out that has been pushing this stock down. We should see some stabilizing now. Some posters have indicated this stock going to sub-4 but I don't think so. We will find the floor above 4 and stock should easily climb above 5 soon. Short sellers are going to have to cover and the rally making recent buyers quick bucks are just ahead. Today was the time to BUY!


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