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re: Red Lobster lists 99 restaurants closures in 28 states

Posted on 5/22/24 at 5:54 pm to
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58417 posts
Posted on 5/22/24 at 5:54 pm to
quote:





Explain this to me like I’m a typical OT poster.
Posted by GeauxTigers123
Member since Feb 2007
1426 posts
Posted on 5/22/24 at 5:56 pm to
I think there goal is to separate out the dining business and the real estate. Drive the dining portion into the ground by being cheap and paying rent to the real estate side. Dining portion goes under. They still hold the valuable real estate.

They are doing the same thing with hosptials.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
143057 posts
Posted on 5/22/24 at 6:19 pm to
quote:

Explain this to me like I’m a typical OT poster.
Blacks moving in & ruining everything

Stuck up bitches won't give blow jobs

I refuse to tip bc it's UnAmerican

Owlie & Chris fighting to see who is more retarded

Stout posted 10 articles on it
Posted by deltaland
Member since Mar 2011
91205 posts
Posted on 5/22/24 at 8:07 pm to
quote:

Explain this to me like I’m a typical OT poster.


It makes no sense. Hedge fund buys the company and sells the land the restaurants are located on. Fine that can happen

But then it reads like the hedge fund leased the land it sold back to the company it now owns? That’s not possible.

Maybe he means the new owners of the land agreed to lease to the hedge fund that owns RL and they jacked up the rent, so now RL is out of business
Posted by Thib-a-doe Tiger
Member since Nov 2012
35572 posts
Posted on 5/23/24 at 9:03 am to
quote:

Explain this to me like I’m a typical OT poster.



Guy posts something to rage against corporate America and either has it really wrong (more likely) or left out a bunch of details (less likely)
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