Analysis: A stand-alone Red Lobster looks doomed

Hedgeye's Howard Penney doesn't think a stand-alone Red Lobster will offer much upside for Darden Restaurant (DRI -0.2%) shareholders.

The research analyst thinks a spinoff will create angst for Red Lobster employees and set up the new restaurant company for an accelerated decline.

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Comments (1)
  • LonW
    , contributor
    Comments (219) | Send Message
    A lot would depend on management and what they did with the property holdings. I do know the employees are in a panic and that is not good.
    28 Dec 2013, 10:51 AM Reply Like
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