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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: Companies In The Leading Industry
Date: Thu, 19 Nov 92 13:26:44 EST
Message-ID: <1.1992Nov19.132644@AmeriCast.com>


11/19/92


TITLE Companies In The Leading  Industry #m#gm#m#Cluster Of New
Issues Lift Restaurant Group The Retail - Food & Restaurants
group has emerged as one of the premier growth areas of the stock
market in the past year thanks to a large batch of hot new is-
sues, including such stars as Checker's Drive-In Restaurants
Inc., Lone Star Steakhouse Inc., Outback Steakhouse Inc. and Ap-
ple South Inc.  The 90-stock group has gained more than 21% since
Jan. 1. It ranks among the top 10 industry groups of the 197
tracked by Investor's Business Daily for its performance so far
this year. The Standard & Poor's 500-stock index, by comparison,
has gained less than 1%.  Lone Star has quadrupled from a split-
adjusted offering price of $6.75 a share in March. The Wichita,
Kan.-based company serves up "Texas-sized" portions of mesquite
grilled steak and rib dishes in eight restaurants located in four
states. Its earnings have been growing at a triple-digit pace
since it came public.

Checker's also has quadrupled since its debut. The company's
1950s diner-style restaurants, which number more than 100 in 10
states, have pumped out triple-digit earnings growth since its
debut a year ago.

Checker's, based in Clearwater, Fla., had sales of $75 million in
the past 12 months, compared with Lone Star's $23 million.

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