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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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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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