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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?


To: Edward Mamula who wrote (397)7/29/1998 10:04:00 AM
From: Gary West  Read Replies (1) | Respond to of 1702
 
ROTI has had a rocky past when it comes to news releases. The Surf City juice deal in March fell through, and the notice 2 weeks ago that they were buying Tanners is turned around so Tanners is taking over Harvest.The current takeover makes more sense as Tanners has a much larger revenue base than Harvest and can profit from expansion into Harvest territory. The only concern I have is ROTI's long term debt from closing franchised Harvest restaurants this year. If Tanners can absorb Harvest, open new restaurants, and make a profit, then we should all do quite well with our investments.