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alstry (36.20)

1.01.10...When Nothing Will Surprise You Anymore

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December 02, 2009 – Comments (6)

(Crain’s) — Local bar and grill chain Boston Blackies is seeking Chapter 11 bankruptcy protection from creditors after an ambitious expansion plan that was fried by the recession.

Boston Blackies Management Co., which has eight locations in the Chicago area, list debts of $6.4 million against assets of about $17,000, according to a petition filed Nov. 24 in U.S. Bankruptcy Court in Chicago. The chain’s largest creditor is General Electric Capital Corp., which is owed $5.6 million, according to the petition.

The restaurants remain open despite the Chapter 11 filing.

Owned by the Giannis family, Boston Blackies charges $7.49 for a half-pound cheeseburger. But restaurants across the board are struggling right now, whether high-end or moderately priced, says Allen Joffe, principal at Chicago-based retail real estate brokerage Baum Realty Group LLC.

The restaurant chain’s Chapter 11 filing is “surprising, they’re a pretty good operator,” Mr. Joffe says. “But on the other side of the coin, nothing much is surprising me anymore.”

1.01.10

When Billion Dollar Frauds are NOT SURPRISING

When Countries Devalue currency 100X is NOT SURPRISING

When Electrical Plants Shutting Down is NOT SURPRISING

When Multi Trillion Dollar deficits are NOT SURPRISING

When Nations Are Insolvent is NOT SURPRISING

When Few are Hiring is NOT SURPRISING

 

 

6 Comments – Post Your Own

#1) On December 02, 2009 at 6:27 PM, DarkToast (50.48) wrote:

I thought you were going to quit posting?

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#2) On December 02, 2009 at 6:44 PM, Donnernv (< 20) wrote:

It's all about being right!!!!!!!!!!!!!!!  To wit:

#2) On March 31, 2009 at 9:14 PM, alstry (99.48) wrote: How long do you think it will take for me to pass TRDH???

#3) On March 31, 2009 at 9:36 PM, Donnernv (68.01) wrote: It's TDRH.  And my guess is never.

#4) On March 31, 2009 at 9:52 PM, alstry (99.48) wrote: Oh....no disrespect intended. 

 I have a stong feeling your guess will be wrong.  Do you really think a Techno Fairy can stay in front of The Doctor of Alstrynomics for long????

By the time I am done, there will not a be single player who would have made so many picks that out performed the market by such a wide margin in such a short period of time....and then I will be gone.....unless you convince me to stay.

Remember, it was TDRH that said my blog provided NO investment advice.  Now we will soon learn how wrong he was.....

=======================================

And now, eight months later:

TDRH 99.98%-- 8003 score-- 86.02% accuracy

Alstry 99.48%-- 3175 score-- 68.97% accuracy

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#3) On December 02, 2009 at 7:01 PM, alstry (36.20) wrote:

And Donner's score??????

At least I can respect TRDH;)

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#4) On December 02, 2009 at 7:39 PM, Teacherman1 (49.97) wrote:

Hey, I remember an old T.V. show back in the days of black and white, called Boston Blackie.I think he was a PI.  I wonder it they named it after him?

Hope they make it for the sake of their employees and patrons, but that is about the extent of my interest in Boston Blackie's.

Are you just making picks  Alstry, or are you actually buying?

Just curious.

Have a nice evening. 

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#5) On December 02, 2009 at 9:52 PM, Donnernv (< 20) wrote:

Since this blog has disappeared from the pages, I can respond to you privately.  As you well know, my main page stock picks are simply a bookmark for some strong-economy growth stocks I follow.  I am not playing the game...it's a waste of my time.

My RL portfolio is DonnerDiv.  So here's something to respect, Flapmouth.  Check out that portfolio...three weeks results.

The market hasn't done much during those three weeks, but I'm up 210 in real life.  Three weeks.  You guess how many zeros follow that number.  I'll give you a hint.  It's more than you'll make in the best year of your life.

That's real life, Flapmouth.  While you babble on about the end of the world as we know it, some folks who are a lot smarter than you are making serious coin in this world.

Oh well, it's all about being right.

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#6) On December 02, 2009 at 10:22 PM, alstry (36.20) wrote:

congratulations...

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