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Cape Gazette
Lewes, Delaware
Jim's Towing Service
June 19, 1998     Cape Gazette
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June 19, 1998
 

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CAPE GAZETTE, Friday, June 19 . June 25, 1998 - 49 BUSINESS & REAL ESTATE Expanded Eden Gard,.00n Cafe serving up creative dishes By Jen Ellingsworth Situated on the second block of Rehoboth Avenue, next door to South Moon Under, is Eden Gar- den Cafe. With a good location and a solid menu, the restaurant has thrived in its first year of oper- ation. Opened almost one year ago by Rob Stitt, a newly remodeled Eden Garden Cafe reopened for the season in late May. The latest version is nearly double the size of its predecessor and seats 99 in its casual setting. True to its namesake, the object of the cafe is to be a veritable feast for the eyes as well as the palate. The expanded Eden still has out- door and courtyard seating, but al- so includes much more indoor seating, new fixtures and a classy new bar. Mimi Stitt and Jesse Matthes have created tasteful and colorful. murals for the back dining area of the establishment. The Eden Garden Cafe has an inviting setting enhanced by a modestly priced, yet really cre- ative, menu. While the emphasis is still placed on fresh, healthy offerings such as pasta and salads, Stitt said he and executive chef Tom Sitley have added several new items, mainly entr6es and appetizers. Some specialty dishes guaran- teed to be attention-getters include appetizers such as brushetta (fresh, chopped tomatoes, extra virgin olive oil, balsamic vinegar, basil, garlic, shallots and red onions served over grilled garlic loaves) and satay of chicken with spicy peanut served over organic field greens. Priced between $14 and $17, entr6e selections include grilled salmon served over a Thai red curry sauce and wasabi-and sesame-crusted tuna. Pasta selections are also includ- ed at dinner, and include signature dishes such as "Going Nuts," a clever combination of pesto with pinenuts, pecans, walnuts and al- monds, served with your choice of angel hair, linguini or penne. Daily specials are also featured. Sandwiches are the headliners at lunch and dinner, and include the portabello mushroom sand- wich with roasted peppers, fresh basil, balsamic vinegar and a Mediterranean eggplant spread, and a pesto-stuffed bison burger, served with gorgonzola cheese, plum tomatoes, romaine lettuce and chipotle ketchup. Angle Moon photo Rob Stitt, proprietor of Eden Garden Cafe, is shown inside his newly expanded establish. ment, located on Rehoboth Avenue. With the addition of a full bar, Eden now features 15 wines by the glass, 16 different bottled beer and three beers on tap. Starting in July, Stitt said Eden will feature a happy hour from 4 to 6 p.m. Patrons can look for- ward to "Hawaiian Shirt Fridays," which feature island-inspired food and drink, in July. Stitt said the renovation has been wellreceived by locals and visitors alike. "We've seen a lot of the same faces back here time and time again," he said. "Locals and visi- tors alike." Eden Garden Cafe is open daily from 11:30 a.m. to 1 a.m. Call 227-3330 for more infor- mation. Delaware could plug into new energy flow with restructuring By Rosanne Pack For most Delawareans, it's as simple as flipping a switch and the lights come on or the television lights up or the microwave zaps some popcorn. And, most Delaware- ans want to keep it that simple, plus as inex- pensive as possible. Now, thequestion is, will it remain sim- ple and affordable if the Delaware General Assembly passes electric restructuring and deregulation legislation that recently was approved unanimously in the House; the proposal will end regional monopolies and allow customers to choose their electric provider. A coalition of concerned parties, those in the industry and an assortment of energy users, think a large degree of sim- plicity can be retained if H.B. 570 is ap- proved in the Senate. If the law is passed in this legislative ses- sion, some customers could start choosing as early as July 1999. Members of Alliance For Fair Electric Competition Today (AFFECT) spent the last two years working with the Delaware Public Service Commission, industry repre- sentatives and legislators to develop a pro- posal for customer choice for electric ser- vice. AFFECT includes representatives of low income consumers groups, an alliance for fair competition, the nine members the Delaware Municipal Electric Corporation, the Delaware Electric Cooperative (DEC) and Delmarva Power and Light (DP&L). According to informational material compiled by AFFECT, the alliance repre- sents 345,000 electric customers, 30,000 employees, low-income community groups, trade unions and labor groups and a variety of businesses. The stated intent of the group is to develop a plan for customer choice restructuring that contains the fol- lowing four major elements: Simplicity of implementation; Ease of understanding by customers; Provision of a fair and quick transition to electric supplier choice for all customers; and Protection of customers who do not choose an alternate electric supplier. Big hitters say 'Yes' Two of the high-voltage players in the re- structuring/deregulation game, the Green- wood-based electric co-op and DP&L are going to bat for H.B. 570. Since they share the electric customer base in Delaware, they could stand to lose the most if the in- dustry is opened to competition. However, they have chosen to take the initiative and work to make restructuring and deregula- tion as painless and profitable as possible. "It's not 'if,' but 'when' deregulation Continued on page 50 Looking for price appreciation? Growth stocks Growth stocks provide a way to invest now in companies that may be poised for future success. While investors seeking regular dividend payments may wish to invest in income stocks, growth stock investing is a good choice for investors seeking share price appreciation. Rather than pay out sizable dividends, growth compa- nies typically reinvest their earn- ings back into the business. Thus, growth companies' rev- enues and earnings are expected to increase more rapidly, which generally leads to share price ap- preciation. For a growth investor, current income is less important than a company's continued FINANCIAL FOCUS Bruce Chilcoat growth. Emerging growth companies cannot sustain their initial, very rapid rates of growth. Today, a number of these companies can be found in the high-technology sec- tor. Investors in emerging growth companies must have a high risk tolerance and be willing to accept greater portfolio volatility than these who invest in income stocks or regular growth stocks. Growth stocks frequently trade at price-to-earnings ratios that are significantly higher than those of the market as a whole. In other words, investors pay a substantial premium for stocks considered to offer above-average earnings growth potential. One of the chal- lenges faced by growth stock in- vestors is that it is often difficult to forecast earnings accurately. As a result, growth stocks tend to have extreme up and down price fluctuations if projected earnings are exceeded r if earnings are disappointing vs. estimates. How do you monitor growth stocks? Investors usually want to review their growth stock hold- ings regularly to make sure the companies' prospects continue to justify premium price-earning ra- tios. Often, by the time growth op- portunities are recognized by the general public, stock prices have been driven up and price-to-earn- ings ratios are no longer as attrac- tive. As a result, the potential for further appreciation decreases. In general, you should only consider growth stock investing if you are more interested in share price ap- preciation than income. If you are a conservative equity investor, you can participate in growth stocks by staying with high-quali- ty, blue-chip names. If you're an aggressive investor, you can seek out opportunities among the smaller emerging growth compa- nies. Bruce Chilcoat is an account executive in investments and a certified financial planner with Dean Witter Reynolds Inc., with offices in Rehoboth Beach.