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

I have been a fan of Ruth's for some time and completely agree that the current managment is directing the ship in the wrong direction. They have compromised the vision that used to be Ruth's. The aquisition of Mitchell's was done strictly to appear less vulnerable at the time to a hostile takeover. The attractiveness of Ruth's Chris to others wanting to buy them out is lessened at their reduced stock price after spending 100 million in cash to acquire a 3rd tier company; instead of sitting on the cash and utlizing it to better their own company. They have recently gone through a power struggle in many markets wherein many long term GM's were forced out to be replaced with GM's that will follow them to the casual market. It's all too bad.