Sunday, May 22, 2011
A Juicy Winner
A few years ago I was telling my wife about a restaurant business idea of mine.
The concept was simply high-end, meticulously prepared burgers in a variety of flavors.
Boy was I (sort of) pissed when I discovered that not only was this idea already actualized....but that a freakin' chain, a public company(!), had already taken my ball and run with it.
Red Robin Gourmet Burgers is the chain I'm talking about. Now they don't have much of a presence here in the Northeast so I'll bet many of y'all haven't been to one either.
We dined at one last Saturday and it was absolutely terrific. So if you have the opportunity, check it out for yourself.
It looks like the Street heard I was going to tout this ticker today....look what the stock did on Friday, up 23%!
Hah! The SEC's doing a heck of a job rooting out insider trading...
FYI, the stock is trading at a lofty 60 or 70 times earnings. And in this irrational market it's probably still a buy!