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Non-Tech : Garden Fresh Restaurant Corp (LTUS) -- Ignore unavailable to you. Want to Upgrade?

To: Tradenride who wrote (69)	4/22/1999 6:30:00 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 78

John, the latest earnings report indicates that fiscal year earnings could be of the order of $1.20, based on the growth we have seen for the first six months. In that event, the forward PE would be only about 14, which surely is not excessive, particularly in this market. So the way I look at it is, if you compare LTUS to other restaurant franchise operations, it is the best priced of the whole group. Furthermore, the stock sells at only about 1.5 times book value of $11 per share, when similar stocks are typically priced at 5 to 10 times book. THAT'S the best rationale I know of for predicting future price increases for LTUS.