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Darden Restaurants (NYSE: DRI): The Restaurant Stinks, but the Stock is Delicious

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June 25, 2015 – Comments (0) | RELATED TICKERS: DRI , CMG , SHAK

Darden Restaurants (NYSE: DRI) recently announced that it was separating a portion of its real estate assets to transfer into a new REIT.

CEO Gene Lee noted that the REIT plan was the result of a comprehensive review of alternatives to best take advantage of the company’s real estate portfolio.

This is a good move. Management is wise to leverage its real estate assets, because quite frankly, its food sucks.

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