The Cincinnati Enquirer from Cincinnati, Ohio on October 14, 1991 · Page 48
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October 14, 1991

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The Cincinnati Enquirer from Cincinnati, Ohio · Page 48

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Cincinnati, Ohio
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Monday, October 14, 1991
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D-6Business Monday the Cincinnati enquirer Monday, October 14, 1991 High and low stock prices for Frisch's Restaurants Inc. Monthly high and low stock prices tor Frisch's Restaurants Inc. adjusted tor 4 stock dividends paid in January, 1991, and January, 1990. Chelsea Moore Company is pleased to announce that it has been retained by Die Lieberman Companies to manage and lease Miami Valley Tower a 225,000 sf office property in Dayton, Ohio. $30 kM rvwi tXVHI EWl DHIM7AYS 6 PARKING LOTS - RESURFACED -REPAIRED - SEALED STONE DUOS. Dfll Commercial Real Estate Seri'kes Brokerage, Leasing, Financing, Properly Management Headquarters: 305 W. Fourth Street Cincinnati, Ohio 45202 513621-1261 Dayton office: 40 W. Fourth Street Dayton, Ohio 45402 513223-6232 0 89 N DJ90F MA M J J A SO NDJ91FM AM J J A S Frisch's lean look not enough to make investors' mouths water TUB CffESOIT REFGHT THE VII GALL BA Frisch's Restaurants Inc. Primary business: ' Restaurants. Exchange: American. Friday's close: $16.50. Fourth quarter For quarter ended June 2, net income of $1 .49 million, or 27 a share, on revenues of $33.7 million vs. net income of $1.26 million, or $23 a share, on revenues of $36.8 million for the same period in 1990. Fiscal 1991: For year ended June 2, net income of $3.3 million, or $58 a share, on revenues of $144.5 million vs. net income of $3.1 million, or 55 a share, on revenues of $146.8 million for 1990. Dividend: 24t a share annually. Frisch's in August reorganized 16 unprofitable Big Boy restaurants in Florida, Kansas, Oklahoma and Texas. Five of the restaurants were sold outright, seven others were licensed to former employees, three were closed, and one was left operating. At the same time, the company closed a distribution center in Dallas. On the flip side, it launched several new restaurants, including a new Hardee's on Fields Ertel Road that opened in June. The changes have left the company with a portfolio of 87 Big Boy restaurants, eight Hardee's, one Roy Rogers, two Prime 'n Wine restaurants and two Quality Inn hotels. Sales are still relatively flat, Ullman said, but he outlines a game plan for 1991 to turn that around. It includes: A push for adding four to six more franchises this year, with the emphasis on expanding in Southern states. Construction of new restaurants slowing down and staying concentrated near the Tristate. Among the half-dozen new Big Boys that Frisch's wants to build is one now under construction in Maysville, Ky. Retention of the Prime 'n Wine outlets and the Quality Inns but no plans to expand either BY JEFF HARRINGTON The Cincinnati Enquirer Big Boy has gone on a diet, but he's still waiting for Wall Street to sit up and take notice. This year, Cincinnati-based Frisch's Restaurants Inc. took the biggest bite yet out of its restau- rant empire by selling off, closing or reorganizing 16 unprofitable Big Boy restaurants and slowing down new construction. Yet its goal to become a lean outfit and an attractive investment has been tough to achieve without a turnaround in the sluggish restaurant business. "It's been a difficult sales year," Louis J. Ullman, Frisch's senior vice president of finance, concedes. "The economy hasn't been that red hot, and there's a lot of competition in the restaurant business." For Frisch's, the scenario has been around all too often the past few years. Frisch's stock peaked back in December, 1987, at $42.25 a share, with an abrupt rise that the company was at a loss to explain. Following a plummet in 1988, however, it stayed near the $20 level and, this past year, slipped even further. During the last 12 months, the stock has hovered between $8 and $16 a share, staying closer to the low end of that scale. Throughout the ordeal, the firm CENTOEX Iff. IT'S HffiflU: has drawn little interest among Wall Street analysts. But the company thinks it might be poised for a turnaround. Says Ullman: "We've made some changes in our business which no doubt will have some effect this year." In its biggest cost-cutting move, If your business Isn't equipped to transfer your customers' phone calls, there's a good chance they won't hassle with calling back. This can mean lost sales. That's why you need Centrcx 90 service. Centrex 90 sen-ice lets you instantly transfer a customer's phone call to locations inside or outside your building. As your business needs change, Centrex 90 adapts with them. And your Centrex 90 network is constantly monitored by experienced Cincinnati Bell people through a centralized switching office. Which means you'll always have a highly reliable telecommunications system to count on. Make it easier for your customers to do business with you. Switch to Centrex 90. For more information call your Cincinnati Bell Representative at 566-5050. (2) Cincinnati Bell Telephone' Everything You Need To Communicate 1991, Cincinnati Bell Telephone Company mm STOCK PERFOMKCEWEEK OF OCT. Ml Price Volume Earnings and dividends PE ratio ; Percent change Last week's Earnings per share Pet. of 5 year cated 5 ' La?' Last Year 5vear shares Last 12 months annual divid- year t week s t0 5Vear Shares out- Lasl u , ns growth end aver- Cur- J,, Company Market close Week A Wks date High Low traded standing Amount Change rate yield age rent $ $ $ (000) $ IT-"Z" 2.50 S 2.69 S '1.16 S -1.01 S 2.54 N .39 N 2.89 S Dissatisfied With CD Rates? 9.7 12.2 NC 13.7 NC NE NC NE 13.3 11.1 NC 7.4 27.4 14.9 10.8 8.9 10.6 15.3 NC 12.8 NC 22.6 13.8 3.9 9.9 17.1 13.9 23.8 9.7 13.2 8.1 8.3 1.12 2.90 2.46 3.64 5.05 2.54 .86 8.79 4.28 -1.27 NC NC NE NE -1.56 1.44 Q 13.66 S 1.40 Q -7.73 F 5.04 S 26.0 31.4 17.8 NE NC 11.6 NC NE 10.1 10.0 NC NE 11.0 18.1 NC 5.8 7.8 NE 44.5 28.4 -1.51 N 3.28 S 3.08 Q -3.47 S .58 2.15 18.0 18.1 NC 8.3 1.21 5.01 -8.65 2.36 -4.01 3.45 N 2.26 N 1.41 S 2.19 N 1.35 S Gradison can help. Some of the products we offer are: High-grade corporate bonds U.S. Treasury bonds Government agency bonds AAA rated tax free municipal bonds In fact, as a result of our merger with McDonald & Company, we are the number one distributor of Ohio tax free bonds. Our experienced professionals can show you the quality fixed income investments that best suit your financial objectives. Call us today at (513) 579-5000. 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Pericentral N 24.63 1.5 -3.9 23.9 34.19 15.38 75 .16 PNCFincI N 40.88 1.6 3.8 89.0 50.88 15.75 555 .58 Procter&Gamble N 82.88 -.6 .2 -4.3 91.25 24.00 3,183 .92 QuantumChemlcal N 14.50 1.8 -7.2 18.4 NC NC 379 1 31 Reynlds&Reynlds N 25.25 -.5 9.8 55.4 41.00 11.50 371 1.97 Roto-Rooter O 16.75 -2.9 -1.5 -5.6 30.00 14.25 1 .03 SaraLeeCp N 44.50 .8 4.1 40.2 45.75 11.78 1,424 .61 ScrlppsEW N 20.00 -2.4 1.3 17.6 NC NC 91 .12 ScrlppsHoward O 52.00 .0 -3.7 16.9 88.50 35.00 0 .00 SeagramCo N 108.88 -2.2 -.1 23.7 117.50 42.75 375 .40 Searj.Roebuck N 36.13 -2.4 -9.7 42.4 59.50 22.00 W90 .75 SkyllneChill O 2.50 .0 .0 -13.2 5.25 2.50 2 .06 StdRegister O 14.13 -1.7 4.7 36.1 28.25 8.63 103 .36 StarBanc O 22.50 3.4 -2.2 34.3 26.75 14.50 64 .22 StructuralDynmcs O 23.00 .0 7.0 80.4 NC NC 380 1.43 SunrlseBcpKy O 16.50 .0 3.1 65.0 20.94 10.00 6 .65 SuperFoodSvci N 15.88 1.6 7.7 -2.3 22.00 9.66 126 1.17 TristeBc O 16.25 -1.5 -7.1 30.0 NC NC 0 .01 USShoe N 12.88 1.0 -7.2 35.6 34.75 7.00 809 1.79 USF&GPacholder A 16.75 2.3 1.5 35.3 NC NC 8 .42 VulcanCorp A 16.38 -1.5 -3.6 24.8 26.06 13.00 1 .03 Wendyslnt N 8.75 -1.5 -1.5 40.0 17.81 3.88 1,332 1.37 ZonicCp O 4.00 .0 .0 254.0 NC NC 6 .22 -23.1 6.8 -100.0 NE 69.3 875.0 344.6 86.7 8.2 NE 116.7 124.4 -.4 -38.6 24.5 .9 NE -100.0 10.8 -100.0 -17.7 -100.0 -26.2 -100.0 16.3 5.8 -100.0 3.6 -11.9 7.1 8.4 -100.0 -10.9 NE -11.1 9.2 1.4 11.2 -26.2 NE 641.2 1.9 3.3 -100.0 NE NE -100.0 -8.6 80.0 56.3 -65.0 -100.0 28.3 -5.9 -10O.0 54.4 272.7 5.7 -79.5 9.6 -100.0 -20.9 .0 12.6 12.0 -9.8 .1 -17.2 -62.5 -58.1 -3.1 27.7 14.3 -14.3 19.7 -100.0 NA 16.1 39.4 100.0 2 NC NC NC -2 NC -6 -13 11 NC NC -3 25 8 11 8 NC NC 19 NC NC NC 31 NC 10 NC NC 1 7 NC 16 NC 12 NC 11 12 41 30 3 NC NC 16 21 NC NC NC NC 2 8 12 NC NC NC 10 NC 9 NC 10 -28 30 NC -1 10 17 NC 21 12 -5 NC -11 6 NC 1 9 NC NC NA NC NC NC 7.9 3.6 2.3 .0 3.6 .0 3.2 .0 2.6 3.6 2.9 9.9 1.4 3.9 2.3 7.0 .0 7.5 .4 .0 2.5 1.8 5.1 .0 2.0 4.4 5.3 1.5 3.2 .0 3.1 4.2 1.5 1.1 .0 1.0 1.6 3.1 4.1 .0 .0 1.2 .0 .9 .0 3.2 3.3 2.6 1.3 1.3 3.0 .0 .0 .0 2.2 5.6 1.0 2.8 5.2 2.4 .0 3.3 2.7 2.1 2.0 1.9 1.8 5.5 .0 4.0 4.4 .0 3.0 2.1 4.2 4.0 10.7 4.9 2.7 .0 -.90 1.26 1.07 7.50 -.23 .16 14.8 13.3 NC NE 10.4 10.4 NC NE 8.9 9.2 16.5 25.3 14.3 13.3 19.6 13.1 10.2 14.4 NC NE NC 13.2 20.1 21.3 12.5 11.7 NC NE NC 45.3 NC 15.2 25.0 NE 11.6 12.0 45.3 33.3 8.0 10.4 11.5 39.6 NC NC NC 15.7 12.6 20.5 1.91 -.29 3.28 .18 N 3.50 S 1.75 S .00 Q 1.45 S 5.26 S -.90 N 4.94 S NC 9.3 NE 9.0 NC 29.3 .41 1.67 .67 4.92 -2.05 1.93 N 1.12 S 2.15 .84 2.13 7.46 2.89 22.3 14.7 16.7 NC 20.7 16.8 NC NE 11.8 13.1 20.6 15.0 15.8 20.7 NC 23.8 NC 24.4 10.8 14.6 12.1 12.5 NC 27.8 15.8 24.8 10.1 10.3 NC 38.3 8.1 8.3 12.8 12.0 1 Gradison .09 N .57 S 2.19 N .60 N 2.00 F 1.32 N 1.82 N -.63 S NA 1.01 S .46 S -.04 Q NC NC 8.9 NE DIVISION OF NA NA NC 16.2 NC 19.0 NC NE Mcdonald & company securities, inc. 580 Walnut Street, Cincinnati, Ohio 45202 (513)579-5000 (800)869-5666 . Member NYSE Member SIPC The Associated Press Media General Financial Services Market N New York Stock Exchange Footnotes Q First quarter NA Not applicable A American Stock Exchange S Six months NE Negative earnings O NASDAQ over-thfrcounter N Nine months NC Cannot be calculated F Fiscal year I .J.J.tJ..1,-t,i)

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