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To: Bipin Prasad who wrote (32963)9/15/1998 4:15:00 PM
From: Dr. Id  Respond to of 97611
 
Hasn't RAIN gone from about $25 to $6? What's changing about their story that would suggest a double?



To: Bipin Prasad who wrote (32963)9/15/1998 4:26:00 PM
From: Jimbo Cobb  Respond to of 97611
 
cbs.marketwatch.com

No debt, over $70 million in cash/securities, trading under book value now...restaurants are still quite profitable...ROI over 30% each restaurant...when you back out the cash, you are buying the company for an astoundingly low P/E...

No guarantees, and the theme restaurants have all been beaten down (just look at PHL), but I think this is the best buy of them all right now....I also love CBRL and think it has better long-term growth prospects than RAIN, but I don't really consider CBRL to be a "themed restaurant"...I'd eat at CBRL a couple times a week (if one was close enough to me)...I'd eat at RAIN a couple times a year when guests were in town...

Jimbo.