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  • cash_back_7 cash_back_7 Feb 15, 2013 10:34 AM Flag

    what else here for the upside


    seriously. how many more losers will be entering the restaurant biz to support this outfit.

    resto owners are paying big time to living social/groupon.etc to get the customers in at huge discount.

    then they are paying to open table

    then they are paying to credit card companies.

    the USA restaurant ship has to flip over

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    • detoxmecleanse Feb 27, 2013 7:19 PM Flag

      Check out CityEats by The Food Network. It's the OPEN antidote.

    • What will drive this stock higher?????? have you heard of mergers? IMO, a PCLN, AMZN, or GOOG would love to get ahold of a company like this.

      Sentiment: Strong Buy

    • I agree and disagree with you. The restaurant industry is actually pretty healthy in the US due to the long term trends of people working more hours and having less time to cook However, the vast majority of dining is done at restaurants where no reservations are required. The places that really depend on reservations for seating diners are pretty much already OPEN customers which is why OPEN's new customers tend to be places that handle few reservations but are hoping that being seen on OPEN's site will attract a few new customers. This is why the revenue/restaurant is declining despite the number of member restaurants growing significantly.

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