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Lewes, Delaware
Jim's Towing Service
October 31, 1997     Cape Gazette
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October 31, 1997
 

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CAPE GAZETTE, Friday, October 31 - November 6, 1997 - 45 BUSINES,00 & REAL ESTATE Rehoboth Ccmntry Grill shoots for Thanksgiving opening By Jen EUingsworth Ron Borders and Kim Mc- Menus hope you'll make yourself at home when you visit the Re- hoboth Country Grill and Gro- cery. After all, that's what the es- tablishment's all about. The retail/foodservice business is located at the Rehoboth Outlets 2. A portion of the bayside outlet located behind the Exxon station was razed this year to make room for more parking for the restau- rant. After approximately one month of construction, the Re- hoboth Country Grill and Grocery plans to open around Thanksgiv- ing. Three concepts in one Partners Borders and McManus, both formerly of Ellendale's Southern Grill Restaurant, said the Rehoboth Country Grill and Gro- cery will include both a retail and restaurant area, with a separate section dedicated to carryXout meals in a "cafeteria-style" set- ting. The dining area, which is open to the rest of the establishment, will include booths and tables, while the carry-out section will feature a breakfast nook. The retail section will carry items with a down-home, country flair, said Borders. These items will include gourmet specialty foods and gifts, such as fresh- roasted gourmet coffees, cocoas and country-style gift baskets. While seating will be available in the takeout portion of the estab- lishment, Borders said he expects it will be used primarily for take- out orders for breakfast, lunch and dinner. Cuisine will be down-home, country cooking, with an empha- sis on flavor, quality and service. Will cater to locals The total 9,700 square feet (a third of which will be dedicated to the retail aspect), seats 170-180 guests. The decor of the multifac- eted establishment will be that of a southern home and country kitchen, complete with a porch on which diners may enjoy their meals. "Hopefully, it will be like com- ing into your grandmother's house on Thanksgiving," said Mc- Menus. "We want it to be like coming home rather, than going into a food service establishment." An exhibition-style bakery, en- cased in glass and located near the rear of the establishment, will al- low patrons to feast their eyes on baked goods that are being made. Charlie Haines will oversee the retail operation. With a strong re- tail background including the op- eration of a gourmet food market in Florida; he said he looks for- ward to working in Rehoboth Beach. The three men agree that the goal of the establishment will be Continued on page 46 Jen Elnngsworth photo The Rehoboth Country Grill and Grocery is expected to open sometime around Thanksgiv- ing. Shown amidst the construction are (l-r) Kim McManus, Charlie Haines and Ron Borders. McManus and Borders are partners in the business; Haines will oversee the retail operation. Rehoboth Outlets Rehoboth Outlets 2, the former Ocean Outlets Bayside, avill un- dergo various renovations over the next few months. Recently, building number 900 at Outlets 2 was demolished. This space will provide room for an ad- ditional 100 parking spaces need- 2 ed for the new Rehoboth Country Grill and Gourmet Grocery, which will be located in building 800, the space directly in front of the demolished area. The stores located in the 900 and 800 buildings at Outlets 2 have relocated to other locations announces variety of changes throughout the center. Pfalzgraff, Eagles Eye, Book Warehouse, Creative Impressions and London Fog relocated to Re- hoboth Outlets 3. Socks Galore moved to the oth- er side of Outlets 2, next to M.R. Continued on page 46 Weathering the current market decline longer if possible. A "hot" stock often fizzles as quickly as it rises, but quality is timeless. 4. Diversify. Spreading your money among a variety of invest- ments can significantly reduce risk. A properly diversified stock portfolio should include seven to 10 stocks. One study found that 90 percent of a portfolio's overall performance depends on how well-diversified it is. Diversify by maturity, industry and geographi- cal location in addition to invest- ment type. The most important thing to re- member when investing is to avoid rash decisions based on the current market situation. If you've chosen quality, long-term invest- ments and your investment needs and objectives haven't changed, you should probably stick with your present investment strategy. Anthony Egeln Anthony Egeln is an Investment Representative in the Lewes office of the financial services firm Ed- ward Jones. He is a retired naval officer and a graduate of Rutgers University. For more information or to make an appointment, call 645-7710. For the Dow Jones Industrial Average, Oct. 27 was a history- making day. The Dow suffered its largest drop in history, 554 points. (The Dow dropped 508 points on Black Monday, Oct. 19, 1987). It was also the first time the market has been closed early since the as- sassination of John Kennedy, and the first time ever that trading in the market had been halted. What caused this market drop? Much of the blame can be placed on Wall Street jitters concerning the Asian market. The Hong Kong and Japanese markets have recent- ly taken a beating. It is important to point out, however, that these markets will have limited impact an U.S. markets. Another concern of investors is over profit growth. At times such as these, it's cru- cial to look beyond the headlines and hype and determine exactly how the market's performance af- fects you. A good place to start is by examining your investment. Why did you invest in them in the first place? Was it for a short-term profit or long-term results? If your investment objectives haven't changed, don't let short-term mar- ket performance derail your care- fully laid long-term plans. FINANCIAL FOCUS The October drop over the course of several days is the first 10 percent correction in seven years. History shows that this is, indeed, unusual. Since 1900, the market has survived 106 correc- tions of 10 percent or more. That's more than one 10 percent correc- tion per year. Not only has the market sur- vived such corrections, it has al- ways gone on to recover its losses and rise even higher: Since 1982, the average total return from the stock market (in- cluding dividends and price ap- preciation) has run about 7 per- cent over the historical average. The market has gained 2,000 points in less than 10 months. It crossed 8000 for the first time in July. Price-to-earning ratios on the market have been higher only four times in this century. When experts call this an excep- tional market, they mean exactly that. So what's been happening to the market? Recently'there have been a number of sell-offs that have led to a decline in U.S. stocks and bonds markets and a weakened dollar. The bottom line is this: the market will experience ups and downs that could cause investors to be concerned about a rise in in- terest rates, but most economic in- dicators show favorable economic growth and controlled inflation. Now that  we've examined why the market drop may have oc- curred, we need to put it in per- spective. A 100-point drop sounds scary. In terms of percentages, it's a 1.3 percent decline. That doesn't sound so frightening. So what should you do as a result of the current market uncertainty? Here are four tried and true rules for in- vesting. Follow them, and you ca weather any type of market. 1. Invest for the long term. The market will alway s rise and fall in the short term. Adopt and main- tain a long-term investment strate- gy to increase your investment Success. Trying to time the market is fu- tile. Instead, stick with a buy-and- hold strategy. One study showed that you would have to time the market correctly at least 82 per- cent of the time to equal the per- formance of an investor who buys and holds stock. Remember, it's time in the market, not timing in the market, that's crucial. 2. Invest systematically. Invest a fixed amount at regular inter- vals. This strategy, also called dollar-cost-averaging, allows you to buy more shares when prices are low and fewer shares when prices are high. Over the long- term, systematic investing typical- ly allows you to purchase shares at a cost that"s below the average price of the security. 3. Select quality. Select individ- ual stocks and stock mutual funds that have demonstrated consistent growth in earnings and dividends over at least the past 10 years,