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

To: The Street who wrote (419)	8/11/1998 8:23:00 PM
From: Edward Mamula	Read Replies (1) \| Respond to of 1702

Welcome to the thread! Mr. Gallagher told me that the proxy for the shareholder vote will be filed as soon as they can include audited financials from Tanners. Late August/ early September is the target. It seems that the deal could close before the end of September. ROTI and ROTIP still appear quite undervalued, but it is also quite encouraging to see that both of these went up today on such a weak day for the broader market. As I understand it .10 EPS for the combined company is a conservative estimate. Apply whatever multiple that you think is appropriate. I'd say a 15 PE is reasonable in light of the chain's plans for expansion, which should put ROTI at $1.50 and ROTIP at $4.00. This is the best deal that I've found out there, so I'm still here!