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

To: paul goldstein who wrote (1081)	4/2/1998 6:26:00 PM
From: Terry Maynard	Read Replies (1) \| Respond to of 1567

And they announced the buyout of the Chicago franchiser yesterday, didn't they? How could they make a move like that if the financial situation was as grim as we seem to think? Terry

To: paul goldstein who wrote (1081)	4/2/1998 6:55:00 PM
From: PerryA	Read Replies (1) \| Respond to of 1567

The additional drop on heavy volume today prompted me to dig a bit into the 10-K. Regarding the revolving credit facility, they must be extremely close to meeting the revenue expectations or I am missing something: the first 12 weeks are below required levels, but the company expects to make it up during the remainder of the quarter (a quarter being about 13 weeks). Reuters focused on the credit issue from the 10-K, but I thought some of the 10-K was encouraging. One item for those who need some hope is the following re cash flow for 1998 (page 18): "The company's current objective is to achieve Boston Market systemwide cash flow for fiscal 1998 of between $75 million and $100 million." That's over $1.00 per share. By my calc, book value is not the $15 per share we thought, but about $11.30 per share . . . still significantly above current price. Good luck to all. Regards - PerryA

To: paul goldstein who wrote (1081)	4/2/1998 10:26:00 PM
From: IN_GOD_I_TRUST	Respond to of 1567

What's glaring at me is this....... So much negative, very little positive. Company buying stores that are not performing as expected and accruing a ton of debt to do it. Where is the good? You're right that there is so much to clear in this conversion, but the question that I have (which I never had before) is will they clear it? I've always assumed they would. And beyond my gloom and doom, I really do think they will. That's why I am still here! I just think a Chapter 11 to get by this mess might be a small possibility. Just to get the bank off their backs while finalizing conversion. They would not be the first company to do it. Where I get confused due to my ignorance is what do they have to do and give up to file? Do they necessarily have to give up their stake in Einstein to do it? What else would be required of them? I just don't know....but somehow I think they will re-emerge someday. And I plan to take full advantage. I'm waiting on the sidelines though until I see how the smoke clears... Steve