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Frisch's Restaurants, Inc. Comm Message Board

  • swampgator1 swampgator1 Oct 20, 2003 2:25 PM Flag

    Algo - how you like FRS now?

    I added a little more at 23.91. They are a real solid outfit. High beef prices are presenting a good buy opportunity here - I hope - LOL!

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    • Well, their operating profit, exclusive of opening costs, got worse for Golden Coral. This is not surprising considering increase in food costs. After reflection, I was not impressed with explanations given at CC: for example, eliminating cost of supervisor in Cleveland would have little effect, and dropping depreciation by 20% would not make things good either. On the other hand, exclude increase in pension expense, worth about .02 after taxes I estimate, and quarter would look fine even given headwind of food prices.

33.970.00(0.00%)Aug 24 4:02 PMEDT