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A national seafood restaurant operator in the affordable upscale dining segment.
Great restaurant chain. Excellent locations. Top of line for seafood aficionados. Will recover well when folks begin to eat out again.
At the bottom of the bear market in October 1974 a Forbes article interviewed Buffett. Buffett, for the first time in his life, made public prediction about the stock market."How do you feel? Forbes asked."Like an oversexed guy in a whorehouse. Now is the time to invest and get rich." This company in no doubt will do well. I love the food they make, it's so good. It's a great business isn't it? Is it at a firesale price? YES Then what are we waiting for? Patience is a virtue... I think ive waited quite a long time to enter at this price. IT has been definately oversold.
I love the locations of the restaurants, always seems to be where people are spending money, whether shopping or on vacation. Food is excellent. I was recently at one location on a Sunday evening and the restaurant was packed. People who dine here are not afraid to spend the money to have one very good meal. I have been concerend with the overall "restaurant economy" but after seeing the pickup up in businees at the restaurant and the battering the stock has taken for the 3rd quarter, now is the time to buy as the price seems way too cheap.
Me and ma like the food,and I figure so does others.
Too much competition from other quality seafood restaurants.
I can understand thier financal statements.
Great aspirational dining play, well-executed concepts with great locations. I have enjoyed every meal.
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