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Stocks O / O'Charley's Inc.


Subject:  news... Date:  9/19/2003  10:16 AM
Author:  SirTas Number:  31 of 35


Applebee's (NASDAQ:APPB) considers itself to be the largest "casual dining concept" in America, (not to be confused with fast food), both in terms of number of restaurants and market share. You want to be really good if you are going to go head-to-head with these folks. This summer, shares of O'Charley's (NASDAQ:CHUX), which competes with APPB, were cut in half after the restaurant operator reported a drop in same-restaurant sales. For the 26 weeks ended in June, revenues rose 21% to $488.9 million and net income rose 7% to $44.8 million.

Cut in half??!! Well, the price dropped significantly. (And it's dropping significantly today too.)


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