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Non-Tech: BJ's Restaurants Inc.

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Moderated By: Wowzer -- (Not Moderated) -- Started: 9/14/1997 11:03:00 AM Revision History

"Chicago Pizza & Brewery, Inc. (CHGO) owns eight restaurants in Southern California, one in Boulder, Colorado and one in Lahaina, Hawaii, which operate under either the names ``BJ's Pizza & Grill'' or ``BJ's Pizza, Grill & Brewery.'' The company also owns 18 Pietro's Pizza locations in Oregon and Washington, three of which have been converted to the popular, upgraded BJ's Pizza restaurant format, while the other fifteen await conversion within the next year. BJ's restaurants offer customers moderate prices and tremendous value on an incredible menu that includes deep-dish, Chicago-style pizza as well as sandwiches, salads, fabulous desserts, critically-acclaimed hand-crafted beers and more."

I can vouch for their product which is very good and the restaurants always seem to be packed. The company went public in November, 1996, at $5 per share primarily to finance the acquisition and conversion of the Pietro's Pizza locations. Everything was going fine until the March time frame when the stock took a nose dive to the $2 level. The cause was the bankruptcy of their market maker and underwriter "Boston Group". Fundamentally nothing has changed within the company and if anything it is getting stronger. The bankruptcy of Boston Group and lack of liquidity for their shares has caused the steep decline.

Fundamental Data: (000)

6/30/97 6/30/96

6 month sales $12,425 $8,308
Deprecation 334 327
Net Loss (54) (1,054)

Balance Sheet

Cash 3,715 5,486
Debt and Capital leases 3,603 3,961
Total Equity 12,064 12,123

Total outstanding shares 6,408,000 market cap *1 11/16 = $10,813

In summary they have a strong balance sheet, excellent growth prospects, no analysts coverage, small float, stock price under book, price to sales under 50%, 30% own by insiders, no further stock dilution imminent and recent decline in stock appears to have nothing to with company. This appears to be an outstanding investment! Any comments?

Sources:

bjsbrewhouse.com

sec.gov

Recent News Releases:

quote.yahoo.com

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Reply	Message Preview	From	Recs	Date
864	Despite today's rally, think restaurant stocks, including BJRI, are going to	Tom Caruthers	-	02/07/2008 02:43 PM
863	I had a chance to eat in a BJs in Ranch Cucamonga tonight, and the meal fully me	Robert T. Quasius	-	10/12/2006 11:16 PM
862	Following up on the amt I sold some cci picked up at 2 on today's spike up	John Anderfuren	-	09/03/2002 09:57 PM
861	Hi, John, I think...I'm going to reread your post a few times. Good to hear	SG	-	08/22/2002 09:15 PM
860	I was off the threads when I had active nasd 7 & 63 licenses. Those termin	John Anderfuren	-	08/22/2002 06:15 PM
859	Congrats to the BJ boyz!! Best, Savant	Savant	-	07/23/2002 10:36 AM
858	Chicago Pizza & Brewery Inc. Announces Nasdaq National Market Listing Tue	riposte	-	07/23/2002 10:30 AM
857	Looks 'like buy the rumor, sell the fact' activity, to me. S.	Savant	-	07/08/2002 12:33 PM
856	Doesn't look like the interview with Paul Motenko affected the stock all tha	Robert T. Quasius	-	07/08/2002 12:05 PM
855	pda.bloomberg.com Look at 10.38 eastern time	Lhn5	-	07/08/2002 09:10 AM
854	CHGO being added to the Russel 3000 Index. Might help explain some of the recent	Robert T. Quasius	-	07/08/2002 09:08 AM

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