Seeking Alpha

Ruth's Hospitality's (RUTH -2.5%) financial restructuring, which includes a PIPE transaction, a...

Ruth's Hospitality's (RUTH -2.5%) financial restructuring, which includes a PIPE transaction, a share offering and amended terms to its credit agreement, comes at a high cost to shareholders. "The dilutive impact to existing shareholders seems to exceed the deleveraging benefits," Raymond James says, especially in light of early signs of stability on high-end dining.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)