the market cap is 200 million? 50 million per year is operating cashflow? People realize shorts work hand in hand with these ambulance chasers advertising for plaintiffs as if it is news? Will be decades before they see a penny and most will drop like flies when they realize how much time is involved. In the interim RT is a lean efficient cashflow machine with brand name recognition going back longer than before shorts were born.
Are you a crazy person? There's no way its over 7 unless they liquidate real estate.
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I really, really miss the old bulls on this board who used to tell me RT was worth at least $15 when I told them that was a pipe dream. Now that we sit below $4, they are nowhere to be found. Where's all this talk of RE that the bulls used to enjoy? Now, the only RE discussion will be its liquidation when this turd of a company finally goes belly up.
I don't disagree that the company has been on this path for a long time. What leaves a bad taste in my mouth is how JJ has made himself and his Darden buddies rich while the company tanks.
This was set in motion wayyyy before JJ. RT has suffered from over a decade of bad decisions, bad management hires and altogether bad performance. RE liquidation is coming soon, regardless of who is in charge.
Sentiment: Strong Sell
Honestly, it is time for JJ to admit that he is WAY over his head and for him to walk away. He has already made himself (and his Darden buddies) very wealthy at the expense of the public and shareholders. It is time for a change.
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I think it stays above $4.30, but it is a turd nonetheless!
They are still going out to eat in droves, just not at RT.