Is Dardens Bad Quarter a Sign of Restaurant Stocks Bubble Popping?

Friday, June 20, 2014
NEW YORK (TheStreet) -- Darden Restaurants' worse-than-expected fourth quarter results are evidence that the restaurant-stock bubble may be popping. Darden, which recently announced the controversial sale of its struggling Red Lobster chain to Golden Gate Capital for $2.1 billion -- too cheap a price, in my opinionย  -- missed the 94-cent consensus earnings estimate by 10 cents, on revenue that ...

 

Restaurant For Sale News Snippet brought to you by: BizLocal.com
BizLocal provides a Business For Sale Market Place and more. 
Sell your business, list your business for sale, find businesses for sale or work with a broker.
BizLocal.com is a web-property of Inspetta LLC, providing innovative web, software and marketing services to business.  
Call 800-785-2925 for more information.


Comments

Only registered users can leave comments.
Comment text:

DB44 MLM Software by Inspetta