Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Thomas Weisel Says Cheesecake is 'Attractive'


Thomas Weisel sees a buying opportunity for Cheesecake Factory (CAKE).

Analyst Hil Davis Cheesecake alerted DRI's Olive Garden Restuarants about the potential of contaminated cakes. He says the bacteria is limited to one batch, and that Cheesecake pulled the product. Davis notes DRI and Cheesecake does not believe the restaurant served the cake to any guests. He says DRI stopped receiving Cheesecake products until DRI's quality assurance team reviews Cheesecake's new procedures.

Also, Davis says DRI plans to return to Cheesecake products once the proper procedures are in place. He sees $1.00 2002 earnings per share, and $1.24 for 2003. He thinks this is a one-time event; and says Monday's after hours sell-off creates a buy opportunity. Davis is keeping his attractive rating on the shares.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus