For several months I have been following EAT, the restaurant firm that owns Chili's, Romano's Macaroni Grill, Eatzi's, On the Border Cafes, and other chains. EAT was supposed to be in turnaround, but disappointing 4th quarter earnings recently caused the stock to fall 4 points to $11. The earnings surprise coincided with the resignation of a high level operations officer and an announcement for a stock buyback. EAT still seems to have a strong franchise and growth potential. Over the past few weeks the stock has risen to $12-1/2. Does anybody out there have any insights on this stock? |