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April 14, 2010

April 14, 2010. Presented by: Mark Robertson. Summary (Points of View). StockCharts RSI = 79.7 PnF Sentiment: “Bullish” (Price Objective: $191) CASPI = 90.9% April 14, 2010 [1] Strong SELL recommendation one year ago. [2] – Low VL 3-5 Year Forecast. Sales Growth & 5-Year Forecast.

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April 14, 2010

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  1. April 14, 2010 Presented by: Mark Robertson

  2. Summary (Points of View) StockCharts RSI = 79.7 PnF Sentiment: “Bullish” (Price Objective: $191) CASPI = 90.9% April 14, 2010 [1] Strong SELL recommendation one year ago. [2] – Low VL 3-5 Year Forecast 2

  3. Sales Growth & 5-Year Forecast 13-14% sales growth seems reasonable based on ACE, S&P, VL and this visual analysis ... focusing on [2Actual/2Forecast] horizon. 3

  4. Profitability ‘Report Card’ and Forecast … % Net Margin Restaurant (Casual) industry average net margin = 4.7% 4

  5. Valuation Characteristic and Trend ... P/E Ratio History & Forecast 5

  6. [Modified] Preferred Procedure Income Statement (4/14/2010) Income Statement (4/14/2015) @ 13.5% 6.0% + 0.0% (Ann. Yield) 6.0% = Projected Annual Return (PAR) 6

  7. 7

  8. Technical Analysis (3-Year Profile) 8

  9. “Rhino Vulnerability” Insiders Retail 32.6% 78% 32.7% 26.0% Institutional 67.4% Ownership 9

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