Other alternatives Buca executives are considering include theraising of capital, a recapitalization of the company or a mergerwith another organization. Management will not comment on anypotential deals until its board approves a transaction.
Buca's stock traded at under $1 yesterday and closed at 95cents. Its 52-week high is $6.39, which the company hit lastJanuary, and the stock has gradually decreased since that time.
For the first three quarters of its fiscal year, Buca has posteda net loss of $10.7 million. Same-restaurant sales year over yearduring the period increased 1.9%. As of late, the chain had beenhurt by difficult margins and unseasonable weather, Wallace Doolin,Buca's chairman and chief executive officer, remarked in athird-quarter results statement.
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