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.
Are you Bullish or Bearish on ?
Sentiment on ()
Thanks for sharing your thoughts.