Restaurant Finance Across America
Archived postings from December, 2008...
Don't cut out the future...the economy will eventually turn
Posted: Tue, December 16, 2008 at 9:07pm (CST)
All restaurant and franchise owners and executives should read this piece by economist Irwin Kellner. \"Studies show that those companies that keep their names before the public in bad times are more likely to be remembered by their customers when the good times return. And this means maintaining, if not increasing, expenditures that promote the company and its brands in the usual media, as well as experimenting with new formats.\"
Irwin Kellner MarketWatch December 15, 2008
President Obama should ask Congress to repeal Sarbanes Oxley
Posted: Tue, December 09, 2008 at 9:01am (CST)
Grill Concepts, a restaurant company that operates 32 restaurants plans to cease the registration of its common stock. The company anticipates savings exceeding $750,000 on an annual basis as a result of the proposed deregistration and delisting transaction. The disadvantages of remaining an SEC reporting company, including compliance with the internal control provisions of the Sarbanes-Oxley Act, outweigh the benefits to the company and its stockholders.
PR Newswire December 9, 2008
No wonder the high end restaurants are suffering..the wealthy are suffering too
Posted: Mon, December 08, 2008 at 6:13am (CST)
This report states that 5% of all jumbo loans, those over $417,00, are sixty days or more past due.
Reuters December 8, 2008