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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (26752)	4/12/1999 6:45:00 PM
From: Jane4IceCream	Read Replies (2) \| Respond to of 90042

Tim, Hate to say this but there are a few jabronis over at the PNLK thread...not that that will affect my habit. Remember, with BB stocks comes the rift raft too. Jane

To: Tim Luke who wrote (26752)	4/12/1999 7:08:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 90042

this stock is really starting to catch my eye, they came out with great earnings today and now a stock buyback. . . .Monday April 12, 2:21 pm Eastern Time Ruby Tuesday sets stock buyback,financial strategy MARYVILLE, Tenn., April 12 (Reuters) - Ruby Tuesday Inc. (NYSE:RI - news) said on Monday its board approved a share buyback of up to 6.5 million shares of common stock as a part of its updated financial strategy. The restaurant owner and operator, which has about 32.7 million shares outstanding, said the new strategy calls for 10 percent growth annually in new company-owned units. The company said the strategy calls for annual earnings per share growth of 20 percent and company-owned revenue growth of 10 percent. Ruby, which owns and operates 392 restaurants in 33 states, said the buyback authorization facilitates the execution of the company's stock repurchase program over the next five years. ''All of our plans and strategies center around maximizing value for our shareholders while reducing risk,'' said Sandy Beall, chairman and CEO of the company. ''Our growth plans capitalize on our brand equity by focusing on three key areas: driving sales and controlling costs; investing wisely in new units; and leveraging our brand and support systems through selective franchising,'' continued Beall. ''We believe that our plans and strategies position us to continue to deliver consistently outstanding results, making Ruby Tuesday, Inc. one of the leading casual-dining restaurant companies in America.'' Shares of Ruby Tuesday traded up 9/16 to 17-5/8 on the New York Stock Exchange Monday.