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Darden Restaurants, Inc. Message Board

  • pacer1588 pacer1588 Jul 12, 2012 9:43 PM Flag

    Vastly Overpaid Acquisition

    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!

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DRI
70.31+0.09(+0.13%)Jul 2 4:02 PMEDT