will check out rt. thanks for the heads up. but Ocharlies is hurting slashing benefits to thier workers. getting rid of cleaning crews and have the wait staff clean. People just aren't going out. once you slsh benis you start to lose your good servers and bartenders. regulars don't want to see new bartenders they stop coming. I see chux sub 1 after next quarters report of even more losses with no bright future in sight.
All of the above apply to RT. Check out the extent of debt payments due in 2009. Also read the cc minutes. It was clear that 4Q 2008 was critical for RT - otherwise they are in grave danger of violating their debt convenants. RT has over 500 MM in debt, behind on pension, cutting prices. They are quicly (desparately) trying to sell some real estate. Hard to do now. Not a bad rest. but nothing special, there are too many casual rest chains out there unfortunately especially in this environment.