Restaurant Finance Across America
Archived postings from October, 2008...
Redstone's Dean Vlahos and wife tagged for $28.8 million in investment scam
Posted: Wed, October 15, 2008 at 8:45pm (CDT)
Minneapolis-based Redstone Grill\'s founder, Dean Vlahos, was tagged for approximately $28.8 million in an investment scam. The fallout: CEO David Goronkin has resigned from the firm. The accused, Tom Petters, owns approximately 12% of Redstone.
Minneapolis Star Tribune October 15, 2008
DineEquity declares dvidend....Should they not save cash
Posted: Tue, October 07, 2008 at 11:20am (CDT)
DineEquity has declared a $.25 per share dividend.
Yahoo Finance October 7, 2008
GE raises expensive capital
Posted: Fri, October 03, 2008 at 5:02am (CDT)
If any of you have a doubt about whether we are in a credit crisis, note that AAA rated General Electric agreed to pay Warren Buffet a 10% coupon on $3 billion of preferred and then sold $12 billion of common stock at a 9% discount to the market.
Yahoo Finance October 3, 2008
Franchise financing is still breathing locally
Posted: Wed, October 01, 2008 at 2:52pm (CDT)
The current hubub over the financing of franchisees (or lack thereof) fails to take into account that many franchisees have strong local banking relationships. The big dollars though, especially over the past ten years, have come from the capital markets. The big question facing large franchisors, especially ones with refranchising plans, is how they will replace those dollars.
Sonic Press Room October 1, 2008