RJM2

Ruby Tuesday Remains A Prime Bargain

I agree with many of your points and as a result took a position today at $5.06. Insiders, eary this year were buying at higher prices.

I think a restructuring with multiple store closures is probably going to happen. They may not want to admit it right now since they reimaged many of the stores that will need to be closed.

Frankly, its time for a professional manager, rather than the founder to run this thing.

It may get worse before it gets better but 2-3 years out, RT should be at $15 anyway.

One caveat is is they have to give the lenders warrants.

That could dilute us.

It will be interesting what earnings look like this afternoon.