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Report: Denny's, Wendy's and Domino's among restaurants in danger of bankruptcy (Obama Depression)
WCPO ^ | 06/30/2011 | Pete Kenworthy

Posted on 06/30/2011 1:45:17 PM PDT by TSgt

Following bankruptcy filings by Sbarro, Perkins and Marie Callender’s this year, new data suggests that other popular restaurant chains are in danger of following suit.

TheStreet.com recently looked at restaurants based on their Altman Z-Score. The website says the score is based on “several aspects of a company's financial health -- including working capital, total assets, total liabilities, market capitalization, sales, retained earnings and earnings before interest & taxes (EBIT) -- to forecast the probability of it going bankrupt within two years.”

Since it began the scoring system in 1968, TheStreet says the formula has been 72 percent accurate in predicting corporate bankruptcies two years prior to the filing.

The list of restaurant in order of most at risk to file for bankruptcy (limited to those with a market capitalization of $100 million):

1. Denny’s 2. Wendy’s/Arby’s 3. Morton’s Restaurant Group 4. DineEquity (IHOP, Applebee’s) 5. Domino’s Pizza 6. Bravo Brio Restaurant Group 7. McCormick & Schmick’s 8. Ruth’s Hospitality Group (Ruth’s Chris Steak House, Mitchell’s Fish Market) 9. O’Charley’s 10. Einstein Noah Restaurant Group


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: bankruptcy; bhoeconomy; fastfood; restaurants
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I see many abandoned fast food restaurants, gas stations and banks in the OH/IN/KY area. A local Hooters even closed.

It's getting scary bad with no end in sight!

1 posted on 06/30/2011 1:45:20 PM PDT by TSgt
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To: TSgt

I stopped eating at most fast food places once filthy people from other countries started owning them. Know what I mean?


2 posted on 06/30/2011 1:48:59 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: TSgt

Some of my favorite steak houses are apparently in trouble! I had no idea.


3 posted on 06/30/2011 1:49:21 PM PDT by HOYA97 (twitter @hoya97)
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To: TSgt

Some of my favorite steak houses are apparently in trouble! I had no idea.


4 posted on 06/30/2011 1:49:27 PM PDT by HOYA97 (twitter @hoya97)
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To: TSgt

Many of the companies overbuilt. Many locations are in marginal areas, now those marginal areas aren’t profitable.


5 posted on 06/30/2011 1:50:40 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: TSgt

I read an article yesterday where it said that large chains were cutting massively because of Obamacare. One FF chain was quoted as cutting from 70 employees per site to 50.


6 posted on 06/30/2011 1:51:23 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: HOYA97

Sorry for the double post


7 posted on 06/30/2011 1:51:53 PM PDT by HOYA97 (twitter @hoya97)
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To: TSgt

Pretty scary times. Although the Applebee’s here is so crappy I would pay to shut it down, I DO usually like Arby’s and Wendy’s. And Domino’s Brooklyn pizza.


8 posted on 06/30/2011 1:51:53 PM PDT by GnuHere
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To: TSgt

I don’t do fast food, haven’t in years.

Way too greasy and delicious! :)


9 posted on 06/30/2011 1:52:32 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: TSgt

Taking your lunch to work and eating dinner at home are simple things you can do to save a lot of money.

Given how long the economy has been down, it’s not surprising restaruants are hurting.


10 posted on 06/30/2011 1:52:39 PM PDT by Brookhaven (Herman Cain knows computers, math, missiles, banking, burgers, pizza, gospel music, & Coca-Cola)
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To: TSgt

“It’s getting scary bad with no end in sight!”

Change you can believe in...


11 posted on 06/30/2011 1:52:39 PM PDT by WKUHilltopper (And yet...we continue to tolerate this crap...)
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To: TSgt

People are having a difficult time putting groceries in the fridge. I know we eat out on rare occasion. Our town use to have two Pizza Huts... both went under. On Friday or Saturday, you would see all sorts of pizza delivery cars in our neighborhood. You see them rarely now. Yep, things are bad.


12 posted on 06/30/2011 1:54:15 PM PDT by momtothree
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To: TSgt

People are home eating rice they have saved up from Wal Mart. Obama is having great success in his mission to destroy the USA. We are defenseless. The GOPS have cut and run for the hills leaving the country open for plunder.


13 posted on 06/30/2011 1:54:28 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: GeronL

I’m glad Golden Corral isn’t on the list!.......


14 posted on 06/30/2011 1:54:28 PM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: TSgt

The key to the asylum should be “I think I will open a restaurant.”


15 posted on 06/30/2011 1:54:34 PM PDT by arrogantsob (Why do They hate her so much?)
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To: GnuHere

I’ve never tried Arby’s...What’s good??


16 posted on 06/30/2011 1:55:36 PM PDT by Sacajaweau
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To: TSgt
Wendy's hasn't been the same since Dave passed away. Now they're getting squeezed between the bottom-rung places like McDonalds and a number of newer, higher-quality burger joints such as Five Guys'.

As for Ruth's Chris, I suspect they're a victim of their own success (and expansion). Back when that chain was just a few restaurants, those locations would've ensured enough business to keep the doors open even in bad times.

17 posted on 06/30/2011 1:55:50 PM PDT by Charles Martel (Endeavor to persevere...)
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To: HOYA97

Charlie Brown’s closed here last October. Open one day, closed the next! Just like that..gone.

I felt bad for the employees. Mostly young college kids, probably Obummer voters too. So much for that Hope n Change crap.


18 posted on 06/30/2011 1:56:05 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: Terry Mross
I stopped eating at most fast food places once filthy people from other countries started owning them. Know what I mean?

No, I really don't. I know when I go into a Dunkin Donuts owned by a Pakistani or Korean family, that place runs like a well oiled machine. When I go into a McDonald's staffed by (presumably) Mexican born people, I expect and receive better service than when the McD's is staffed by a bunch of native (small n) Americans.

That said, I'm surprised to see Dominos on the list. I know their pizza has always stunk relative to the Italian guy's on the corner, but it's better in the last year or so and now they have that great online ordering system. We've ordered more Dominos in the last year than we probably have in the previous 20 years combined.

19 posted on 06/30/2011 1:56:34 PM PDT by old and tired
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To: Terry Mross

I have noticed a lack of stray Cats and Dogs.


20 posted on 06/30/2011 1:56:34 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: TSgt

It’s interesting that since the end of 2008, I’ve never seen the phrase “McJobs” used in the MSM.


21 posted on 06/30/2011 1:57:11 PM PDT by nascarnation
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To: Red Badger

“I’m glad Golden Corral isn’t on the list!.......”

Every other Sunday for big family breakfast!


22 posted on 06/30/2011 1:57:15 PM PDT by esoxmagnum
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To: JoanneSD

I noticed two KFC were closed in my area.. I thought they were doin good.. usually seemed busy when I went there..


23 posted on 06/30/2011 1:58:41 PM PDT by JoanneSD
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To: TSgt

I just remember Domino’s Pizza as having pizza flavoured cardboard crusts.


24 posted on 06/30/2011 1:59:00 PM PDT by SkyDancer (You know they invented wheelbarrows to teach FAA inspectors to walk on their hind legs.)
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To: TSgt
Discretionary spending is the first to go, and restaurants are heavily dependent on that.
25 posted on 06/30/2011 1:59:05 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: TSgt

Probably time for people who love the country to step in and get this nightmare Obama out of the WH. He will ruin the wholee place before 2012.

Enough is enough.


26 posted on 06/30/2011 1:59:10 PM PDT by dforest
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To: old and tired

Cheap Pizza sells. Little Cezars was tough to beat. But Domino’s crust is just plain nasty!


27 posted on 06/30/2011 1:59:55 PM PDT by PSYCHO-FREEP (Always Remember You're Unique.......(Just Like everyone Else.))
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To: HOYA97

Longhorn apparently is safe according to this list and I am the guy who gets the burgers at steak places. I never cared for steak all that much.

The Harbor Inn Seafood chain is another favorite of mine. It is my typical Friday reward to myself for surviving another week. I love my fried filet of flounder, fries, coleslaw, hushpuppies, and extra tartar sauce to go. Right now it comes to a little over $9.00.


28 posted on 06/30/2011 2:00:15 PM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: TSgt

Hmmm...Ruth’s Chris Steakhouse in danger of going under. We went there for our daughters 21st birthday, there were six of us and cost hubby $638! Waaay too expensive! He went white as he paid the bill! :)


29 posted on 06/30/2011 2:00:32 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: TSgt
I thought they were going under because of how bad their food sucks and how no one wants to eat stuff made by the foreigners who work there that you can't understand.

(At least that's how it is with me and Wendy's.)

30 posted on 06/30/2011 2:00:47 PM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: alice_in_bubbaland

My wife works at Red Lobster and they are as busy as ever. I guess it depends on location and how the economy in that area is doing.


31 posted on 06/30/2011 2:01:12 PM PDT by HOYA97 (twitter @hoya97)
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To: SkyDancer

Ugg...Don’t remind me! Domino’s is disgusting that’s for sure!


32 posted on 06/30/2011 2:02:37 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: TSgt

I actually Domino’s since they’ve redone everything. Their thin and crispy pizza is my fav!


33 posted on 06/30/2011 2:02:58 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: wally_bert

Love Longhorns!! Thank God they are ok!


34 posted on 06/30/2011 2:03:03 PM PDT by HOYA97 (twitter @hoya97)
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To: TSgt
I went to a Sears yesterday. It was a three level, full size anchor store to a retail mall. My son and I counted five customers in the entire store at 4:00PM.

The recovery of Dickhead, nobody is allowed to report, courtesy of this unelected dickhead.

35 posted on 06/30/2011 2:03:44 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Sacajaweau

Well, it’s not fine dining, but I like their deli-style sandwiches like turkey and Swiss and the BLT. The French dip, and just to top off the ole cholesterol meter, the Beef and Cheddar with Arby’s sauce.


36 posted on 06/30/2011 2:03:50 PM PDT by GnuHere
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*like*


37 posted on 06/30/2011 2:04:09 PM PDT by rintense (The GOP elite & friends can pound sand.)
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To: alice_in_bubbaland
[mm...Ruth’s Chris Steakhouse in danger of going under.]

That's because Sean Hannity advertised for them on his pathetic radio show. And their steaks are below average in quality and taste. (And most people I know, will never go back because they were ripped off so badly on the price and quality.)

38 posted on 06/30/2011 2:04:34 PM PDT by PSYCHO-FREEP (Always Remember You're Unique.......(Just Like everyone Else.))
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To: alice_in_bubbaland
there were six of us and cost hubby $638! Waaay too expensive! He went white as he paid the bill! :)

I did the same thing in 1997 for Christmas...........we have not been back.

I'll just grill.

39 posted on 06/30/2011 2:05:05 PM PDT by Kakaze (Exterminate Islamofacism and apologize for nothing....except not doing it sooner!)
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To: TSgt

Not only did the Hooters on Beechmont close, they razed the sucker too!


40 posted on 06/30/2011 2:05:37 PM PDT by Finatic (I ran out of change and have given up on hope.)
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To: TSgt

Not only did the Hooters on Beechmont close, they razed the sucker too!


41 posted on 06/30/2011 2:05:47 PM PDT by Finatic (I ran out of change and have given up on hope.)
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To: HOYA97

I like Longhorn’s too! Hubby prefers the local non-chain restaurants. When it’s Girls Night it’s Longhorn’s or Applebee’s.


42 posted on 06/30/2011 2:06:01 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: GnuHere

Jamoca shakes!


43 posted on 06/30/2011 2:06:39 PM PDT by 11Bush
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To: old and tired

Walk into a Wendy’s or Taco Bell or McDonalds near where I live and the stench will make you leave. I swear they’ll serve you taco meat that was made last week. They’re not throwing anything away. I won’t eat where they are owners.


44 posted on 06/30/2011 2:07:35 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Kakaze

LOL! We’ll grill too.


45 posted on 06/30/2011 2:07:38 PM PDT by alice_in_bubbaland (DeMint /Palin, DeMint/Bachmann, DeMint/Cain, DeMint/Ryan 2012!!!!!!!)
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To: TSgt

In addition to people not going I’m sure these businesses are seeing their costs rise dramatically (you know those food and energy costs that are excluded from the official inflation numbers because, like, who needs food and energy?) - but they aren’t going to be able to raise their prices to compensate. A $10 combo meal at Wendy’s? Not happening.


46 posted on 06/30/2011 2:08:10 PM PDT by 2 Kool 2 Be 4-Gotten (Welcome to the USA - where every day is Backwards Day!)
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To: nascarnation
It’s interesting that since the end of 2008, I’ve never seen the phrase “McJobs” used in the MSM.

Ironic, since in April literally 60,000 of the new jobs created were McJobs.

47 posted on 06/30/2011 2:09:38 PM PDT by CharacterCounts (November 4, 2008 - the day America drank the Kool-Aid)
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To: TSgt

This is what Obama’s and his democrats ‘redistribution of wealth’ looks like.

Of course, it’s also what a 3rd world country looks like.

I believe that there is a point of no return.... I just don’t know exactly where that point is, but it sure seems close.

If we don’t turn this around very soon, our country is going to die.

GOP... Quit screwing around and IMPEACH the miserable bastard.


48 posted on 06/30/2011 2:09:38 PM PDT by Gator113 ("GAME ON." I'll be voting for Sarah Palin, Liberty, our Constitution and American Exceptionalism.)
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To: Navy Patriot
"Discretionary spending is the first to go, and restaurants are heavily dependent on that. "

In my area Charlies Brown's bit the dust but also a Pathmark and an A&P. Walmart down to 2 cashiers. Looks like the unemployment money, credit cards are maxed and house ASM has run out.

If the next election doesn't produce a President who will bring back the exported factories then maybe the one after him will.

49 posted on 06/30/2011 2:10:28 PM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: old and tired

I don’t know where you live, but here in Oklahoma, the worst fast food places are those staffed by Mexicans (most likely illegals, as they cannot or refuse to speak understandable English) and the local “Amish folk” (they also refuse to speak understandable English!). I am referring to McDs here, and these are some of the worst I have been at ever, in terms of service, food, cleanliness, etc. We don’t patronize these anymore... (Drive through times of 8-10 minutes on early Sunday morning...)

Sadly, one of our past favorite Chinese places started going downhill when they hired Mexican cooks (no less!) and the prices went up! Service was still good, but the food changed quite a bit...


50 posted on 06/30/2011 2:11:17 PM PDT by LaRueLaDue
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