Big D/Big D

DineEquity's Capitalization Meltdown: What Took So Long?

DIN is out of money. That is why the dividend does not get paid to the investors. DIN is DONE and has exhausted the sale of all of Applebee's assets, there is nothing left to liquidate.

Let us do the math, you borrow $2B, that is with a $Billion, to buy 500 restaurants...you back out a corporate head quarters worth $39M and you end up paying over $3.5M per restaurant...then you valuate each unit at less than $1M... I would put that short by about...oh say..$2.5M per unit.

A little short on the cash side?...I think so. What a disaster, I would hope that Ms. Stewart gets tossed out on her nasty ass.