I recently visted a Roadhouse Grill in the Tampa area. It was a high quality dining experience and lots of fun. I think the concept is excellent. I am not so confident about the business execution. My views are only impressions built on limited knowledge.I own this stock, but I am somewhat concerned. The recent departure of the CEO and other top management is a concern. GRLL recently reported that the Company was in an advanced stage of finding a new CEO. I think that was at least 6 weeks ago. I haven't heard another word on the subject.According to recent SEC filings, Lone Star Steakhouse recently acquired more than 5% of the outstanding shares. The shares were acquired at the very end of September. About a week later Lone Star sold enough stock to go below the 5% level. This activity suggests to me that Lone Star considered a take over of Roadhouse. But why did they back away so fast. Lone Star has a big boat load of cash that it probably needs to put to work. I am concerned that they back away after getting a look at something we don't know about.As I said, I don't have anything to go on other than my thoughts about what little news is available. I only worry somewhat because I still hold shares in Roadhouse.I would appreciate any other information that others have.
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