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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: makin_dough99 who wrote (29043)	7/16/1998 1:53:00 PM
From: MoneyMade	Read Replies (3) \| Respond to of 34592

BOST I'm going in! Boston Chicken (NASDAQ: BOST - Research, Message Board), which franchises and operates restaurants under the Boston Market name, has seen its common stock fall from around $40 in January 1997 to current levels of about $2. Basically, the company expanded too rapidly-- overextending debt with 1149 existing restaurants. But since late June of this year, the stock has quietly been rebounding, and yesterday after the bell Boston Chicken announced that it had completed $39.3 million in bank financing, hired BT Alex Brown to restructure debt, and converted loans to ten area developers. Basically, these are steps in the right direction for this struggling company, which was once a darling of Wall Street. And with 20 million shares short, many investors may decide its time to cover-- a massive short squeeze could see this stock surge, especially considering that the float is only 30 million shares. Boston Chicken closed at $1 31/32 per share.