• Implied Value
    $DRI Red Lobster epic fail... akin to spinning off RL at 7x EBITDA. Values RL at 0.24x EV/sales ex-real estate
    5/16/14
    Reply (7)
    • Energysystems: $DRI didn't have much choice. Sales were cratering. The RL brand needs a big renovation, and $DRI wasn't going to do it.
      5/16/14
    • 1980XLS: What happens to Otis?
      5/16/14
    • Implied Value: $DRI got $1.6B after-tax vs $1.5B the PE firm got for RE sale-leaseback... Surely they can do better?!!
      5/16/14
    • Implied Value: Otis should get sacked. The HQ, spends 70+ days on board meetings of other companies, perennial underperformance, poor capital allocation..
      5/16/14
    • Energysystems: I completely agree that Otis deserves to be canned. Ludicrous to keep him on in ANY capacity.
      5/16/14
    • 1980XLS: http://bit.ly/1gaXbYc
      5/16/14
    • Just an Ironworker: and you wonder why Drew Madsen left?
      5/16/14