ChickenLips

Restaurants Hit Hard Times as Two File for Bankruptcy

Have you been to a Bennigan's lately? I don't think they have been remodeled since they opened in 1976! Why pay full price for a mediocre meal in decrepit surroundings?

I like this article because it is proof that we are definitely in a recession. Restaurants that provide high quality food, great service, and good value will be the only survivors in the current era of shrinking disposable incomes.

Just recently, we headed out to Red Lobster for a quick bite to eat and noticed the newly printed lunch menus and empty tables. Those tables were full a few months ago. 25%+ price increases! The old higher dinner prices are the new lunch prices. A lot of restaurants haven't raised their prices yet, but if Red Lobster is any indication, those higher prices are coming.

Trader Mark, since inflation will be passed onto the consumer in the upcoming year, which restaurants listed on the stock exchange will prevail or fail in the future?