WD

Technicals and Triple Bottoms: What the Charts Have to Say

I agree with your BJRI technical analysis, it's right on. On the fundamental side, BJ is at a larger disadvantage than the national chains since many of it's restaurants are located in parts of California where the recession has hit hardest. Also their PE is out of line considering their SSS are shrinking. A PE of 11 or 12 would be more logical, anything over 20 doesn't make sense for a company contracting. With that in mind, I would forecast that within one year, BJRI will be an $8.00 stock.