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Article: BOSTON CHICKEN STOCK TAKES HIT AUDITOR DOUBTS ABILITY TO REMAIN IN BUSINESS.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- May 30, 1998
- Author:
CopyrightCOPYRIGHT 1998 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dina Bunn Rocky Mountain News Staff Writer Bloomberg News contributed to this report.
STOCK WATCH
Boston Chicken,
(BOST: Nasdaq) $2.03, down $1.18.
Boston Chicken Inc.'s stock took a dive Friday, after an independent auditor questioned the company's ability to stay in business.
Arthur Andersen LLP said in its audit report of Boston Chicken, which operates Boston Market restaurants, that ``there is substantial doubt about the company's ability to continue as a going concern.''
The auditor's comments were included in the Golden-based company's 8-K report filed Thursday with the Securities and Exchange ...