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Author: futuretrust Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 21  
Subject: Re: YES...Au Bon and StL Bread Splitting! Date: 8/14/1998 12:11 AM
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Joe,
I have owned this stock for a year now and I am also a huge fan of St. Louis Bread. I had concerns about the Au Bon Pain unit, but I figured it was a necessary evil to play St. Louis Bread. I couldn't be happier with the news today. I thought the amount they got was pretty good. 78 Million works out to about 6.50 a share. So, at today's closing of 8.375, Peter Lynch would say you're getting the SLB unit for 1.875 a share. I realize it's not that simple, but it's fun to think about. They should clean up the debt on the balance sheet (.50 a share) and have some cash left over for some more stores. I could see them doing .75 -1.00 in net income next year. So, you would have a very rapidly growing company selling at 8-10 times earnings. I am going to try and listen in on the analysts conference call tomorrow morning. I've never done this before so I'm not sure how successful I'll be, or if I'll even be allowed, but they published the number in their press release. I'll post any nuggets of info that is worthwhile. Glad to finally meet another SLB fan.
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