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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (9344)	10/7/1998 10:16:00 AM
From: lizard lick	Read Replies (1) \| Respond to of 29382

lol i like the " bug out of the screen"., On Grll I wouldnt worry Id take advantage of this discounted level, Grll is poised for growth in both earnings and company size and sooner than later it will be reflected in its share price,, I beleive that it will be looked back on as a cinderella story in the next year, especially for entry at these levels, if unit sales continue strong they are headed for trading in the teens, all they need now since the market is less prone to allow stocks to trade at premiums, is some more earnings on the book and a little more visability. This sector likes to have earnings on the books before the charge on the stock takes place especially in this environment, RDHS Logans Roadhouse is a smaller out fit in the same category and is trading in the 15-18/shr range , but in their case they have the earnings on the book and are expecting over a buck a share this year. Note Grll has more locations and expansion momentum than rdhs and are exercising careful growth strategies on new development. Trading at a pe of 10 on this years estimates, Give it a couple of months and it will start to move upwards to a fair valuation on 2ndqrt earnings annuonced Dec 1, and the approaching 3rd qrt, in Febuary, which is a very robust time for grll. Reasonable price target from here is $6 solid post Dec and on 3rd qrt release assuming all is well watch out this baby is going to roll big time. Long term 12 months to 18 you will be selling in the teens on execution of qrts and new store openings. Unfortunate thing for now is that that there is really only one analyst Bank of Boston Robertson stephens to tell their story now, the fortunate thing is that you already know the story well before the herds catch on. Grll shares-silverspoon status now. Good luck