Hey bucko, Just wanted to let you know I am still around and still waiting to buyback. Considering all of the recent problems that DRI has had with Red Lobster, I have bee waiting for the last shoe to drop. I will be looking to buyback after the next earnings release next week. I think earnings will be below estimates negative and DRI will have to bring down their earnings projections and start with a clean slate, at that point I will be buying as the stock should trade down to the 17's one last time. Good luck.
the food was good but i thought 71.00 + the tip was expensive. i ate at a rl recently and we both had soup, a lobster pizza appetizer and i think she had a light lunch menu thing. that was high 40's, so rl ain't so cheap, either.-bucko
you maybe right. annie using gets seafood but i think she laso had a steak there. she told me the place was ok but she would prefer OG to a smokeys. i can uderstand that as she isn't into sports at all.smokeys bbq is the best sports bar setup i was ever in. there is one coming to Wilkes-barre soon.-bucko
Despite RL issues, DRI is still holdin fine, OG is their cash cow. Despite my feelings that down guest counts was addressed incorrectly by price increases here. DRI shouldn't dip below the 19's range. Strong Smoky Bones openings have helped the short term, but feel they are over priced for their market niche, and may struggle in the long run.
Hey OaklandRaiderskick, got any RL or OG in Oakland. I was there last summer, seems to me that there are one or two. Check them out, see how busy their parking lots are at lunch and dinnertime and report back to us. I think that you will be in error Re: your prediction that Darden will not meet .16 estimates. Since you are not invested, you have nothing to lose... or gain. I am just curious as to how they are doing in your neck of the woods. Good day to you.
Always busy, but they were always busy last year when I owned DRI at 17.5. I agree with you that they are busy but they are having some trouble with RL. I think that they will dissapoint next week but after that it should start too turn up. They are going to see some positive results from the departure of the President of RL leaving last qtr, but that will take a little time. I do love DRI but I will not be buying ahead of the report next week, after that I hopefully will be fully invested into DRI. Good luck.
p.s., I live near Springfield, Mo and they are always busy here too. They are also going to be opening up a Smokey Bones this year, they purchased the Rio Bravo and it is in an excellent location.