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Frisch's Restaurants, Inc. Comm Message Board

  • swampgator1 swampgator1 Apr 3, 2002 2:05 PM Flag

    Not a buy right now

    I like the company a lot. Nice stable cash flow and a proven business concept. I was also very enthusiastic about the Golden corral concept, but it appears that margins have been pretty lousy thus far. Even factoring out opening costs, the initial Golden Corrals are barely making any money. OPf course, with market in-fill, your marketing costs might come down, but the concept just isn't performing up to what I thought the potential was.

    I unloaded shares at 19.95. I might take a look at $18 or under. Since the stock won't fall that far and fast before EPS announcement, all bets are off until we here from management at that time.

 
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