A Real Estate Investment Company Acquires 9.5% Of Ruby Tuesday [Seeking Alpha]
RUBY TUESDAY (RT)
US:NYSE Investor Relations:
rubytuesday.com/investors/ir-home
Company Research
Source: Seeking Alpha
Summary Investment Thesis When earnings came out last night, the market was evidently disappointed with Ruby Tuesday's (NYSE: RT ) results. However, I believe that Mr. Market is wrong to have sold off just over 9% in after hours. Nothing material has changed as Ruby Tuesday is still seeking to be bought out and although the stock is slightly more expensive than when I first wrote about it in January, there is still a margin of safety in Ruby Tuesday. RT data by YCharts Business Overview Ruby Tuesday is a restaurant chain that has Company-owned and franchise-run restaurants. It attempts to differentiate itself from others in the casual dining sector through its healthy options menu. Strategic Alternatives Several weeks ago , Ruby Tuesday announced that it retained UBS to assist in finding a buyer for the business. At the time, the company was already well underway in closing unprofitable restaurant chains that it owned under its Asset Rational
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