Independent thinking for complex markets and current events
Private equity loads billions in debt onto retail stores then strips assets for fast flips… Senator Elizabeth Warren blasts private equity deals and hides the real hit from online shopping plus regulations… OK, you got something right now what the fuck are you gonna do about it beside virtue signal your discovery that we’ve been …
Denny’s used to be a bellwether for middle America. Open late, breakfast all day, booths filled with families and night-shift workers. Now it looks like a relic from an economy that no longer exists. Its stock has collapsed to levels last seen during the 2008 crash. That is not just a chart pattern. It is …
This blue Lobster was caught off the coast of Portland and returned to the water to continue to grow. Blue lobsters are one in two million. pic.twitter.com/lNYMvmmfnI — Nature is Amazing ☘️ (@AMAZlNGNATURE) February 16, 2025
Red Lobster is trying to change the tides in its post-bankruptcy era. In May, the casual seafood dining chain filed for Chapter 11 bankruptcy after closing dozens of restaurants, which gave it time to address “several financial and operational challenges,” its former CEO Jonathan Tibus said in a statement. One of the major blunders made by Red Lobster …
US bankruptcies are riding rapidly: 275 large companies have declared bankruptcy through May of this year, the 2nd highest since 2010. Over the last 14 years, only 2023 saw a higher count of bankruptcy registrations, at 277. In May 2024 alone, 62 firms have gone bankrupt, the… pic.twitter.com/ymNU6fYEcr — The Kobeissi Letter (@KobeissiLetter) June 22, …
Struggling restaurant chain Red Lobster is reportedly abruptly closing at least 48 of its outlets across the US amid warnings they may file for bankruptcy. The chain has ‘temporarily closed’ locations in Buffalo, Orlando, Jacksonville and other cities, and is auctioning off kitchen equipment and furniture, according to CNN. The brand is reportedly eyeing up …
Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs pic.twitter.com/2mJA9hZb7v — Win Smart, CFA (@WinfieldSmart) April 16, 2024 Heard they are considering Chapter 11 bankruptcy. Glad I got to experience this authentic seafood once. A moment I’ll never forget for the rest of my life. https://t.co/p9KWxDxYxK — Ramp Capital (@RampCapitalLLC) April 16, 2024