http://www.fool.com/News/mft/2005/mft05042101.htm?ref=btpA RARE Opportunity?By Rick Aristotle Munarriz (TMF Edible) April 21, 2005 When RARE Hospitality (Nasdaq: RARE) asks you what you want for dinner, it usually means how you want your steak. The operator of the LongHorn Steakhouse, Bugaboo Creek Steak House, and Capital Grille chains produced results that would probably be best described as, um, medium-well.Earnings inched higher, going from $0.42 a share during last year's March quarter to a $0.44 showing this time around as sales rose by 14%. Expansion fueled most of the top-line growth, and that's not necessarily a bad thing, as long as the concepts are hitting on all cylinders...
Today's downdraft prompted by RJ I would think created another RARE opportunity. It seems unlikely to me that America's two income families habit of dining out will be changed long term over a jump in gas prices. Also, higher gas prices are unlikely to be a permanent situation and they will correct as they did in the 70's. Twitty, what do you and edible say about this?
Hi azera,I'm not an analyst, I just post the links. But you can reach Edible at: email@example.comRichard
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