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Non-Tech : Il Fornaio (ILFO) -- Ignore unavailable to you. Want to Upgrade?

To: Jean-Pierre Abe who wrote (22)9/29/1998 9:56:00 PM
From: genek  Read Replies (1) | Respond to of 28
 
I love this chain of restaurants, and their growth plans have seemed pretty modest and manageable. Is that the reason the COO got canned a month ago? Was he being blamed for not growing revenue fast enough?

My fear is that there is something more to the big sell-off than what makes it on the news wires... On the other hand, the sell-off could be just another case of small-caps getting unduly hammered.

Thoughts?

Gene



To: Jean-Pierre Abe who wrote (22)9/30/1998 12:44:00 PM
From: Dylan  Read Replies (1) | Respond to of 28
 
Jean-Pierre,

The restaurant sector as a whole has been hammered this year. I saw a list recently of about 40 restaurant stocks, all at least 40% off their 52 week high. It seems to me that this will change, but only when several of these companies start to beat earnings estimates... I do believe that the present price is very attractive, though I am uncertain when things will change for this sector. -Dylan


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