Famous Dave's of America, Inc. (DAVE)

I can personally say this is a fantastic restaurant with a good environment and staff that is interested in the customer. Add to that stock price cut in half over six months, less than 25% off its 52-wk low, and earnings growth estimated at 23% (PEG well below 1), and this looks like a winner right now.

Regarding the top bear pitch, i.e. the only one, as of this writing: The operating costs were a hard hit, and that isn't fixed overnight. It won't go unaddressed, especially with a new CEO. With 50% gross margin, which is well ahead of the industry, they have some wiggle room on this until a cost reduction plan is in place.

I hope the new restaurants opening in 08 are as good as the Dave's near my house, best ribs I've ever had. Good food all around. Looks like a good time for a thumbs up.

seems to have hit bottom and on its way back up, with several new locations scheduled to open in 08 and strong financials, this is a definite buy and hold

Great small cap !!! Still expanding.

One of the best All American BBQ places around. I've had the ribs, pork, corn bread, and salads and it was all very good.

On the investment side of business they just announced 25-30 new restaurants in 08' representing 25% growth in store count. I'd expect that type of growth for a good 5+ years.

Growth strategy in place and large expansion potential yet priced to grow at between 4% and 5% in perpetuity. I'll have some.

bargain basement price

I have never eaten at a Famous Dave's before. Right now, I will use CAPS to track the stock. The MF and the CAPS community seem to love the business and the valuation and cash flow are attractive.

BBQ anybody?

I eat at this restaurant on a regular basis where I work. The food is good and I always see crowds when I'm in. They still have a lot of states to expand into they're are very few in California and many other stats.

With the price being knocked down by all the troubles in the market I think it's a good time to start buying. For what I spend on meals I can pick up shares and be added money in my own pocket each time I eat there.

currently oversold at 14 nice potential revenue streams from franchise expansion.

I think they are well on their way to becoming the dominant and only nationwide barbecue chain.

Famous Dave's opened a new company-owned store not far from where I live earlier this year and in some ways I wish they hadn't: The food is fantastic (especially the ribs!) and I am far too tempted to eat there more than my budget allows!

The company is still in the early stages of establishing itself as a national chain of restaurants, some company owned others franchises. They have only just begun to enter the biggest BBQ markets in the U.S., providing for a very high growth potential. To make this even more tempting, I have not yet been able to locate a direct competitor among chain restaurants. Some chains come close but fail to compete directly with the type of food offered.

The company has a highly successful design for its restaurants. The one I visited was spacious and allowed for a large number of people to be seated at a time, yet did not feel crowded or overly noisy in spite of relatively tightly packed tables. The atmosphere is very relaxing and the service was friendly, including a visit from the manager who was happy to answer questions. The location near me has been open only a few months, yet it was packed solid with people the entire time I was there.

As successful as the current design is, the company is already working on a new design for future restaurants. Early indications are that the new design will be better than what they have now. This shows a promising level of innovation on the part of the company and as well as a deep-seated desire to satisfy customers (and as a direct result, provide investors with a better return).

To my limited knowledge of valuation, the financials look solid with a strong trend towards growth. The perturbations in the stock seem to be caused more by unrelated worries (general market insecurity, etc.) than any direct news from the company.

Overall it looks as if Famous Dave's should provide very satisfactory returns to new investors over the course of the next few years.

Famous Dave's is buying back stock and profitable. They'll be higher in a few months.

Regional to national play. Well run company, newest paydirt pick

Setting up to take the market for home-style BBQ. Excellent management in the drivers seat. Stock price beaten down unreasonably.

I expect the price to double in 2 years

Great food and great service. I always look forward to going back, and that is my biggest sign of a good restaurant play!

LOng term hold----micro cap