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To: cAPSLOCK who wrote (1221)5/20/1998 2:42:00 AM
From: paul goldstein  Read Replies (1) | Respond to of 1567
 
STEVE, its easy for folks to make comments about a company that takes a big hit..
so whats new/
well, i see it as you do.. a real turn a round situation.
the writeof is for loans made to the franchises..they will now get the stores for that equity.
now for the good news.
old management out
new ones i believe are smarter
they cut the burn rate by 30 million and they got a winner
they cut out couponing and its a savings of two bucks for every chicken sale..
JUST REMEMBER, THEY ARE TAKING LOAN LOSE RESERVES FOR THE MOST PART
BANKS WILL ROLL OVER THE 95 MILLION LOAN
NOW I THINK THREE BUCKS WLL HOLD. FAMOUS LAST WORDS FROM CUSTER ..THE SEVENTH CALVARY CAN HOLD THE LINE<GRIN.
at three its a nice play
let them complete buying ll the stores
let them sell the bagel operation
cut couponing cut overhead
cut of the head of the fool that got them ito this mess