Micclay

Ruth's Chris Steak House: Wide Open to a Hostile Bid

I like to buy stocks of companies who's product and value I can understand. Thus as a Ruth's customer over the years I jumped on it when it went public in 2004. I have been pretty disappointed over its performance. Much of which management could not directly control. Last December we went to Ruth's for Dinner in CT, The wine before dinner was greatly overpriced for what we got (house wine at $13), the meal was mediocre, the service okay but with the waiter pushing hard for sides and add on's (mushroom sauce) and desserts. After that experience, I sold at $12 for my tax (and real) loss. Just bought some back at $7.50 purely as S/term speculation. I don't like where the product is headed. They seem to be cutting corners to improve the bottom line - that will be the kiss of death. Flemings Steakhouse (owned by Outback) is now much better than Ruth's