Big deal..so it tanked..Good weather coming..Folks move about when weather warms up..You have all seen this with DRI when shrimp on the coast, where the oil spill was, was going to destroy their Red Lobster and other family places..The doomsday addicts love this stuff. We pleaded with you folks to buy DRI and then after we made what we were satisfied with, we moved to 3 other restaurant stocks and then to RT..We loved it at 81/2..said goodbye when it hit our goal of 15..So now what gives?? It may drop a little, but we will be back around 9 or so, and maybe higher if it firms up..Its a good chain, good value and well run..Don't be fooled by some temporary garbage moves. Semper fi from those who know their restauants..
I have heard the bad weather excuse in every earnings call for the past 3 years. We are repositioning and our staff is motivated. The concept could be dying. They are turning existing units into different concepts that still have the same old tilapia on every menu of every concept. If I were a staff member I would be worried about my future with RT.