Well, as I said in Dec. this concept has major issues that won't get fixed eaisly. Execution is only part of the problem; tired and less then inovative BB will most likely show negative results next quarter. GC being off double digits compounds the problem.
frischs needs to bring in some new menu items. the chicken alfredo isn't a big seller in some of their resteraunts. they need to bring back meatloaf, steak, ect. to get the working people back in there. offer a deal like big boys for .99 only when you order fries or onion rings and a coke... i know money is important but the working folks wants a deal too... work with the folks and listen to them and frischs will see a profit....
I grew up eating Big Boys, I think they opened a shop near my school in 1954. Ate the filet de sole on Fridays, the Bog Boy or the great cube steak on a rye bun with Bermuda onion other days. Really good food, and the onion rings were magnificent. Shakes pretty fine too. This was in the days of car- hops and hot rods and pick-up time at Frisch�s
I haven�t been back to Cincy in a while- are the restaurants looking well maintained? I had breakfast in a Frisch�s down on Central Parkway in '98 I think. It was looking pretty tired. Of course, that is not exactly a prime neighborhood either. I ate in A Golden Corral in Dayton a few years ago; I thought it was OK but certainly nothing unique.
There ought to be a lot of real estate value here- so even if they just manage to do so-so in operations, FRS should be a reasonably safe investment. Management seems at least honest if not cutting edge. I imagine that is what the non-family large holders see here.
I don't own any FRS stock now, but I will buy if it comes down over the summer and if some of the problems seem to be on the mend.