re: Red Lobster considering filing for bankruptcy

You can't run bidness on biscuits alone home boy.

Used to be a higher end restaurant around here. My dad took me to dinner when I got my first real job out of college 30 years ago. Now it’s a ghetto joint.

Shut up

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People who can’t find anything they’re willing to eat at Red Lobster, Olive Garden, etc., are just being unreasonable.

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probably a matter of too much competition. there's an almost infinite number of restaurants. clearly a surplus.

A few do, most do not have the same spending power.

We did it Joe!

Of course these SEC filings and corporate speak will never ever just admit their products are crap.

Part of the problem is that former Red Lobster President Edna Morris misjudged how much customers would eat during a $22.99 all-you-can-eat crab promotion. Red Lobster never recovered from that disastrous idea and lost an absolute fortune because of it.

Customers went back on average 4 times to fill up their plates. Red Lobster could withstand 2 times but lost money on #3 and the #4 refill cost the restaurant roughly $17 dollars every time someone ordered the all you can eat crab promotion.

I've eaten at Red Lobster a couple of times. The food wasn't awful and some items on my plate were frozen seafood that you can buy at a local grocery store. I ordered a shrimp platter and some of the shrimp you could easily tell were frozen shrimp. The small fried shrimp on the platter were definitely frozen at one time. Frozen fried shrimp doesn't taste anything like fresh fried shrimp. I was amazed at the number of people that were eating there. I also found that the items on the menu were expensive. I ate most of the food on my plate but I couldn't understand how that place stayed in business due to the fact that it was serving seafood that were frozen. I thought while driving home, if I was going to pay that amount of money for frozen seafood Baton Rouge has plenty of seafood restaurants that are much better than Red Lobster. I never went back there but every time I passed by RL their parking lot was always full.