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2 Comments
Casual Dining Sector Offers Up Compelling Plays Like Ruby Tuesday [view article]
Ruby Tuesday didn't violate their debt covenants. Go back to the Q2 earnings call. They were "At risk of violating their debt covenants". Two completely different things.They did however rework those covenants with their lenders afterwards to minimize the risk of them violating them in the future. Apr 17 04:39 PM
Casual Dining Sector Offers Up Compelling Plays Like Ruby Tuesday [view article]
I've been following this as well. I recently graduated form college, and I am just beggining my own investment portfolios.I have actually bought 100+ shares multiple times in the past few months in the $6-$7 range. Each time I sold them off again at a higher price. Most recently at 8.11, just prior to the Q3 earnings report. In 3 months I have managed to make $150 on an initial $650 investment, and I still hold 110 shares (10 more then I started with).
I just wish I had more capital to play with. Long term I plan to keep my shares, but realistically I don't see the stock making a large turn-around for at least another year. Apr 15 10:36 AM