Let me be the first to say DRI vastly I overpaid for Yard House tonight and the shares are going to suffer as a result. Otis has been really struggling with DRI lately. The Olive Garden and RL brands are as stale as the bread they serve. And mgmts answer to this is to waste $600 million on a bunch of boutique restaurants that are completely undifferentiated. They paid almost $15 million a store. Money would have been better spent investing in RL and OG marketing and testing some new concepts in the fast casual space. This is a cover up that Otis is going to use for the next few qtrs to explain poor results. Sorry, Not going to work with this investor!
are you kidding me//?n develope another concept,do you know how long that takes? That is built into the price of the aquisistion.Yard house is a cash cow!!!! 8 million a store in sales!!! I guess you are not in the business. Do you remember Mr. Otis in another aquisition a few years ago? Thats right Longhorn!! How are they doing?? Please if you have any shares sell them, as for me im long WAY LONG!!!!!!!!