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Ruth’s Chris Steak House

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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 company changed name to Ruth’s Hospitality Group to reflect the broadening of offerings. The following is a profile video of RUTH.

Valuation calculation done on a napkin: