RT has a lot of debt (>500m last i checked), is in a difficult environemtn to say the least, and earlier this year had to renegotiate credit coming due to 2009.
Do you think RT will go BK by end of year?
Vote yes or no
my vote: Yes
Ha ha! I was a long time customer - I got a job with these clowns and got fired a month later. The DM was as cruel as she could be, smiling while telling me that I was terminated! Do I sound bitter? Why, yes I guess I still am. loved those buffalo burgers, though.
Good luck luck to most of their employees. Hope you guys find work. Remember.....people make or break you.
It amazes me the sheer STUPIDITY of people who want to waste my time with such STUPID questions. Are there NO real investors on these boards only children and 20-30's somethings who like to ACT like they are BIG SHOT INVESTORS.
Go play Dungeons and Dragons or something or twitter about the last crap you took and how brown it was.
I am a GM, I speak to regionals and VP's, and am privy to daily communications. We are debt free. Do not listen to this short.
I do not own 1 share of my company, I pulled completely out of the market in July. Everyone is scared of the present economy. Guests who used to dine 3 times a week are now once a week across the board. I just need to defend Ruby's integrity from the vampire shorts that want to spook the herd. I follow the stock for news, public oppinion etc. I want to know about the things that may affect me and my family in the future.
RT is debt free and is investing in it's people to make it through the inevitable consumer pullback. Period.
The management that I know have awesome, awesome passion for making it happen every day every shift. And when there is economic uncertainty, that is who you need on the front line. ACES in PLACES as we say. So don't listen to this guy who wants you to sell. Believe in this company because it's people believe in it. This is a great company, not because of where the stock price is, but because of the people that believe in it.
There is no better quality out there, none.
Worst management across the board as I have said before I worked at the top $$$ maker in the state of Tennessee and everyone could have cared less about the customers. I worked there for nearly 4 years and was quite dedicated especially more so than my so called supervisors. They know that it's doomed and left with other jobs or looking very hard so they can leave. The GM's DM'S were the worst. The way they speak behind customers backs, employee put downs. It's such a joke to even work in the industry. Worst job I have ever had in my life.
RT in the past carried under 100m in debt; now they carry almost 600m in debt - thats VERY bad. What's worse is no one knows how well the turnaround will be treated by consumers. Changing your business model is very risky. It's even more risky in a bad recession and taking on a lot of debt. RT is very risky and bankruptcy is a real threat.
Skunak- I dont know if you are responding to my post or the OP. But, I am sorry to tell you that if anyone in higher management has ever told you that, then you are naive and you should understand that they lied to you.
This is the link to first qtr CC. It was a disaster. This is a direct cut and paste from Margie's opening on the CC.
"In looking at the balance sheet, we ended the quarter with book debt of $565 million, down approximately $40 million from the end of our fiscal year, and total debt, including operating leases, guarantees, and letters of credit of approximately $857 million. "
Look, Nobody wants to work for a company that is in disarray, but it is important for you to understand your situation. If you have a DO/Regional that treats you well and values you, then you will be fine. I can tell you honestly that there are many that dont have that luxury.
I think your question is silly. They are making money repeat making money. Not as much as before but .... Do you think RT should have Obama burgers or McCain burgers - vote yes or no. Do you think RT will double or triple over the next2 years and 3 months - vote yes or no.