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Stockreport

How private equity rolled Red Lobster [CNBC]

Comcast Corporation - Class A (CMCSA)  More Company Research Source: CNBC
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Red Lobster was America's largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost 100 locations across the country has devastated its legion of fans and 36,000 workers. The chain is iconic enough to be featured in a Beyonce song. Assigning blame for company failures is tricky. But some analysts say the root of Red Lobster's woes was not the endless shrimp promotions that some have blamed. Yes, the company lost $11 million from the shrimp escapade, its bankruptcy filing shows, and suffered from inflation and higher labor costs. But a bigger culprit in the company's problems is a financing technique favored by a powerful force in the financial industry known as private equity. The technique, colloquially known as asset-stripping, has been a part of retail chain failures such as Sears, Mervyn's and ShopKo as well as bankruptcies involving hospital and nursing home ope [Read more]
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Stockreport

How private equity rolled Red Lobster [CNBC]

Comcast Corporation - Class A  (CMCSA) 
More Company Research Source: CNBC
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Red Lobster was America's largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost 100 locations across the country has devastated its legion of fans and 36,000 workers. The chain is iconic enough to be featured in a Beyonce song. Assigning blame for company failures is tricky. But some analysts say the root of Red Lobster's woes was not the endless shrimp promotions that some have blamed. Yes, the company lost $11 million from the shrimp escapade, its bankruptcy filing shows, and suffered from inflation and higher labor costs. But a bigger culprit in the company's problems is a financing technique favored by a powerful force in the financial industry known as private equity. The technique, colloquially known as asset-stripping, has been a part of retail chain failures such as Sears, Mervyn's and ShopKo as well as bankruptcies involving hospital and nursing home ope [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CMCSA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS