Ruth’s Chris Steak House

Reading Time: < 1 minute My old friend, high end restaurant with family appeal, and a legendary founder (company web site). I traded it (Nasdaq:RUTH) back in 2005 shortly after its IPO. Obviously with the recession, high end was hurt badly, RUTH was no exception. To make matter worse, RUTH bought a seafood chain in early 2008 using debt. The… Continue reading Ruth’s Chris Steak House

A crazy week and ICR XChange conference

Reading Time: < 1 minute What a crazy week. The market continued its downward spiral while we hear all kinds of bad news from economy front: from the credit crunch for big guys and little guys; AT&T CEO says some customers can not pay the phone bills; American Express (one of Berkshire’s core holding) had it biggest drop since year… Continue reading A crazy week and ICR XChange conference