This is what is so ridiculous about Wall Street...
...All of you morons that are interpreting the earnings release as terrible news are no better than the Wall Street "experts" i.e idiots that see this as the same gloom and doom!
Here you have a company that is not reporting a loss of income or earnings...they are simply reporting a "profit" that is lower than the hypothetical made-up prediction that was originally stated. That's correct folks...I SAID "PROFIT!"
Staying true to form with the idiocy of anything associated with the financial markets, the same thing happened earlier this week with Logitech (LOGI)as they also reported a "profit" that was slightly lower than their original hypothetical made-up prediction and their stock price was hammered.
At what point do investors stop thinking like idiots and begin embracing any company that makes a profit...regardless of the amount.
After all...if you are going to have the same gloom and doom outlook when they turn a profit for the quarter, then you may as well root for them to lose money for the quarter. That logic would be just as rational as what is being applied with your current outlook pertaining to their profit!
we eat there twice a week at lunch and not for the salad bar. A completely new menu and attention to quality of their product. Had a wait at lunch a coupla weeks ago. They are changing and for the better.
btw: I eat at Ruby Tuesday at least once a month around 11am-1pm for the salad bar and I've rarely seen more 10 customers. of course, that's partly why I eat there...it's quiet and no lines for repeat trips to the salad bar. but I sure wouldn't want to own the stock right now ;-)
It not about missing the profit as much as common sense which is oil prices are going to hang in there for a long time and people won't afford going to these places as they used to. So get out before you burn to charcoal. I never got in because of common sense.