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Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?

To: Dylan who wrote (4135)	4/3/1998 12:26:00 AM
From: Dennis Vail	Read Replies (3) \| Respond to of 4704

From the MF aol RAIN boards: ubject: The Real Reason for Today's Jump Date: Thu, Apr 2, 1998 20:54 EST From: JWBORIS Message-id: <1998040301545500.UAA11755@ladder01.news.aol.com> Kardvark is correct. Todays surge in volume seemed to be tied to Paine Weber's analyst reiterating its Strong Buy recommendation on Rainforest. I obtained my information via my broker, so it must have been only on Bloomberg. This morning's release indicated that they believed Rain was on track in the first quarter to beat Paine's $.13 estimate and meet $.14 consensus. "Same store sales are running up 3% with a significant turnaround at Gurnee Mills and continued growth at Walt Disney World leading the way." (There's that SSS Obsession: my editorial). The release goes on to talk about plans for retail improvement taking shape, Disney Animal Kingdom "likely to be huge", mention of Disneyland in 1999, discussion of Tokyo and EuroDis as well as Times Square. PW looks for Rainforest to reach $27 to $30 in one year. They see the current price low (.7 P/E to growth rate). The blowup in January was discussed, as well as the subsequent bad press that resulted in the belief that theme restaurants were dead. "Apparently no one told the customers lines up outside Rainforest's units....." The report goes on to detail progress in retail, Walt Disney World's continued growth, and using terms that one would expect from our beloved Edible: "Animal Kindom Unit should be an animal." The summary reviews the usual list of risks, and "in particular, managment's ability to turn around the retail side of the business." "The company is not suggesting that it has fully figured out this portion of its business. It has a plan which could change based on results or when a new president is hired later this year." Overall, the report is very positive, and anticipates shares would reach $27 - $30 in one year. I suspect that this will get more attention shortly. (By the way Paine has current EPS estimate at $.75 and next year at $1.10) (end repost) Regards, Dennis